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Industrial Economy
*The State Council has given preliminary approval to the 15th Five-Year Plan for Building a Strong Tourism Country to accelerate its development.
*The World AI Conference opens next week, featuring Huawei’s largest real supernode device and the world’s first AI agent smartphone making their debuts.
*Research firm SemiAnalysis forecasts Meta will ramp up computing infrastructure with record-high capital expenditure next year, as its AI computing demand is far from peaking.
Financial
*PBoC raised its gold reserves for the 20th consecutive month to 75.44mio ounces, an increase of 480k ounces m/m, with larger purchases than in May.
Middle East Conflict
*The U.S. military announced it had launched strikes against Iran in response to the attack on merchant vessels.
*The United States reinstated oil sanctions on Iran, driving international oil prices up by more than 5% immediately.
Jul 7 Block Trade Info
*Discount
-Advanced Micro-Fabrication Equip (688012 CH) saw 9 block trades worth 430.30mn at 392.75yuan per share, 6.49pct discount from last closing.
-Kweichow Moutai (600519 CH) saw 2 block trades worth 220.55mn at 1188.80-1193.12yuan per share, 1.14-1.50pct discount from last closing.
*Premium
-Zhongji Innolight (300308 CH) saw 4 block trades worth 555.52mn at 1121.90yuan per share, 2.09pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

