晨间洞察：2025年7月16日

Certification：Z0002332gaolinlin@gtht.com 1 请务必阅读正文之后的免责条款部分Open InterestChart2:Open Interest of IFSource：iFind, GUOTAIJUNAN FUTURESResearch020,00040,00060,00080,000100,000120,000140,000160,000180,000IF2507.CFEIF2509.CFE Source：iFind, GUOTAIJUNAN FUTURESResearch 请务必阅读正文之后的免责条款部分Source：iFind, GUOTAIJUNAN FUTURESResearchNews Highlights:1. The Hang Seng Index rose 113.93 points, or 0.46 percent, to open at24,704.05 points on Wednesday. (Source: Xinhua)2. China has updated its catalog of technologies prohibited andrestricted for export, adding battery cathode material technology to therestricted list while removing controls on certain architecturaltechnologies, the Ministry of Commerce (MOC) announcedTuesday.The revised catalog, jointly issued by the MOC and the Ministry ofScience and Technology, features one new addition, three removals, andone modification of an existing item, according to a spokesperson for theMOC in response to a media inquiry.Battery cathode material preparation technology was newly added to thelist, covering materials including lithium iron phosphate. According tothe spokesperson, these technologies require export licenses as they areincreasingly used in sensitive areas, and their inclusion helps betterbalance development and security concerns.The update also modified existing restrictions on non-ferrous metallurgytechnology by imposing control on techniques including spodumene-basedlithium carbonate production, while adjusting requirements for galliummetal extraction. Source：iFind, GUOTAIJUNAN FUTURESResearch 3 请务必阅读正文之后的免责条款部分To promote the sharing of Chinese architectural achievementsinternationally, authorities removed one prohibited item related totraditional Chinese architectural techniques and two restricted itemsconcerning building environment control technologies.The adjustments aim to maintain national economic security anddevelopment interests while promoting international economic andtechnological cooperation, the spokesperson said.During the revision of the catalog, opinions were extensively solicitedfrom relevant government departments, industry associations, industrialand academic communities, as well as the general public, the spokespersonnoted.The catalog, first published in 2001, had previous revisions in 2008,2020, and 2023. Technologies listed as prohibited cannot be exported,while restricted technologies require export licenses.The spokesperson reiterated that China remains committed to high-standardopening-up and improving its domestic business environment, and is readyto deepen technological exchanges with all countries. (Source: Xinhua)3. China's Ministry of Industry and Information Technology (MIIT) issoliciting public opinion on plans to establish mandatory nationalstandards for mobile power sources including portable power banks.The mobile power industry has developed rapidly in recent years, however,recurring safety incidents have created real risks for consumers' livesand property.The mandatory standards aim to reduce accident risks by clearlyspecifying safety protection measures, battery requirements, materialspecifications, and key production processes. The initiative also seeksto eliminate substandard products and phase out low-quality capacity.The proposed regulations will cover basic requirements like productlabeling and protection against overcharging, over-discharging, and shortcircuits.They will also include specific requirements for lithium-ion batteries 4 请务必阅读正文之后的免责条款部分regarding overcharging, crushing, thermal abuse, and puncture tests.(Source: Xinhua)Chart 6:Upcoming Important Economic Data Calendar2025/7/15NationalEconomic PerformanceMonthly Report on Industrial Production OperationMonthly Report on Energy ProductionMonthly Report on Investment in Fixed Assets(Excluding Rural Households)Monthly Report on Investment in Real Estate DevelopmentMonthly Report on Total Retail Sales of Consumer GoodsMonthly Report on Sales Price Indexes of CommercialResidential Buildings2025/7/30Monthly Report on Purchasing Manager’s Index (PMI)Monthly Report on Profit of Industrial EnterprisesAbove the Designated SizeSource:National Bureau of Statistics of China 请务必阅读正文之后的免责条款部分Guotai Junan Futures Co., Ltd. (hereinafter referred to as "the Company") is qualified to conduct investment consultingbusiness in the futures market, as approved by the China Securities Regulatory Commission (Approval No. [2011]1449).The views and information contained in this report are intended solely for the reference of the Company’s professionalinvestors. This report is not intended to target or violate any laws and regulations of any region, country, city, or other legaljurisdiction. Due to the difficulty in restricting access to this report, we apologize for any inconvenience this may cause. If youare not a professional investor among the clients of Guotai Junan Futures, please do not read, subscribe to, or receive anyrelatedinformation from the Company. This report does not co