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Industrial Economy

*The Sci-Tech Innovation Board IPO of Changxin Technology has been approved by the listing committee meeting.

*The Hang Seng US-Tech Index will include SpaceX.

Financial

*Premier Li Qiang emphasized during his inspection tour in Zhejiang that we should properly manage the reserve and regulation of bulk commodities and key materials, strengthen their functions of strategic security, macroeconomic adjustment and emergency response, and continuously enhance the resilience of industrial and supply chains.

*National Bureau of Statistics: Profits of industrial enterprises above designated size nationwide hit RMB tn in January-April, up 18.2% y/y.

*The total size of China’s public mutual funds increased by over RMB 1.8tn in April, reaching RMB 39.36tn, hitting a new record high.

*SAMR has ruled that Luxshare Precision’s acquisition of certain businesses from Wingtech Technology violated regulations on the implementation of concentration of undertakings, and has decided to impose a fine of RMB 900k on the company.

Middle East Conflict

*Iranian officials have stated that under the preliminary draft agreement reached between Iran and the United States, the U.S. side will commit in the first phase to a comprehensive ceasefire on all fronts, particularly within Lebanese territory, for a period of 60 days.

May 27 Block Trade Info

*Discount

– Biwin Storage Tech (688525 CH) saw 10 block trades worth 315.77mn at 275.78yuan per share, 10.38pct discount from last closing.

– Foxconn Industrial Internet (601138 CH) saw 1 block trades worth 192.81mn at 65.52yuan per share, 6.37pct discount from last closing.

– CATL (300750 CH) saw 1 block trades worth 191.31mn at 390.43yuan per share, 3.00pct discount from last closing.

 

For more insights, please visit Orient Futures Singapore’s research platform, 
Finoview.

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