DZ20230321
Policy
*SASAC emphasized to propel the growth of central military enterprises at the advanced level with active supports on military construction. Structural adjustments of state-owned economy to be promoted along with deepen reform and higher level of tech innovation.
Industrial Economy
*CAA: passenger transportation of China civil aviation in Feb of 43.2mio, up 38% y/y, among which 706k units were international flights, up 756% y/y.
*Guangdong province issued opinions in promoting high-quality development of new-type energy storage industry which aims to achieve operation income of related industry by cny 1tn as of 2027 and on technology research of sodium-ion battery and integrated power electronics technique.
*Sichuan province announced bidding result of dental crowns at average price of 327yuan and the total expense of dental implant could be cut by 50% as a result.
*GAPP disclosed approval information of imported online games in 2023 with 27 games by Tencent and NetEase on the list.
Co Focus
*Huawei related person in charge clarified market interpretation on its participation in ERP market and suggested its MetaERP management system will be for internal use only.
*Mar 17th Block Trade
*Block Trade Info
*Discount
- Zhongxin Fluoride Materials (002915 CH) saw 7 block trades worth 71mn at 18.93 yuan per share, 8.02 discount from last closing.
- Ireader Tech Co. (603533 CH)saw 1 block trade worth 54mn at 18.09 yuan per share, 10.62 discount from last closing.
- Yongguan Adhesive Products (603681 CH) saw 7 block trades worth 27mn at 20.41 yuan per share, 8.31 discount from last closing.
- TDG Holding (600330 CH) saw 1 block trade worth 36mn at 11.14 yuan per share, 0.00 discount from last closing.
- Shanghai AtHub Co.(603881 CH)saw 6 block trades worth 27mn at 31.32 yuan per share, 7.61 discount from last closing.
- Three Squirrels Inc.(300783 CH) saw 5 block trades worth 15mn at 17.72 yuan per share, 9.59 discount from last closing.
*Flat
- Jonjee Hi-Tech (600872 CH)saw 1 block trade worth 22mn at 35.34 yuan per share, 0.00 discount from last closing.
- Wangfujing (600859 CH) saw 1 block trade worth 43mn at 24.86 yuan per share, 0.00 discount from last closing.
*Margin Trade
Total Margin Balance |
1.4957 trillion |
Total Short Selling Balance |
91.8billion |
SH Margin Balance |
0.7877 trillion |
SH Short Selling Balance |
57.2billion |
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
601138 |
167mio |
600905 |
5.22mio |
600519 |
116mio |
601228 |
4.98mio |
601868 |
106mio |
601138 |
4.97mio |
601668 |
102mio |
601868 |
4.04mio |
600732 |
92mio |
601988 |
2.08mio |
SZ Margin Balance |
0.7079 trillion |
SZ Short Selling Balance |
34.6 billion |
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
000661 |
130mio |
002241 |
3.15mio |
002051 |
117mio |
300251 |
1.52mio |
002714 |
114mio |
300058 |
1.23mio |
300339 |
107mio |
000625 |
1.23mio |
002602 |
101mio |
300002 |
0.96mio |
*Connection Trade
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
Northbound Net Cash Flow |
+1.3 |
Northbound Net Cash Flow |
+0.3 |
||
Southbound Net Cash Flow |
+2.8 |
Southbound Net Cash Flow |
+2.9 |
||
Top 5 Northbound Inflow |
Top 5 Northbound Outflow |
||||
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
600522 |
563 |
10.81 |
601318 |
694 |
1.39 |
300750 |
366 |
0.45 |
600050 |
363 |
1.91 |
000858 |
359 |
0.49 |
601868 |
300 |
8.41 |
000938 |
281 |
3.58 |
601088 |
286 |
0.61 |
002241 |
218 |
3.68 |
300459 |
268 |
12.96 |
*Index Futures
Position of Top 20 members (Unit lots) |
||||||
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IF2304 |
83,017 |
-32,924 |
49,659 |
-6,502 |
53,282 |
-6,871 |
IF2306 |
27,851 |
-17,366 |
59,534 |
-1,929 |
72,863 |
-2,675 |
IF2309 |
6,410 |
-6,895 |
25,716 |
-364 |
34,326 |
-160 |
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IH2304 |
55,274 |
-23,054 |
44,010 |
-2,078 |
49,950 |
-3,095 |
IH2306 |
22,451 |
-14,247 |
31,085 |
-733 |
41,499 |
-1,317 |
IH2309 |
8,565 |
-4,328 |
14,680 |
-391 |
22,690 |
109 |
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IC2304 |
52,274 |
-26,676 |
62,717 |
-2,732 |
58,251 |
-3,349 |
IC2306 |
18,432 |
-10,107 |
89,157 |
-329 |
95,822 |
-794 |
IC2309 |
7,407 |
-3,035 |
73,580 |
-3 |
75,264 |
-77 |
CSI 1000 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IM2304 |
48,450 |
-9,641 |
38,490 |
753 |
38,643 |
-261 |
IM2306 |
17,613 |
-6,964 |
46,303 |
93 |
50,780 |
102 |
IM2309 |
5,911 |
-4,875 |
31,276 |
-489 |
33,848 |
-636 |
*Index Options
Position of Top 20 members (Unit lots) |
||||||
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IO2304 |
90514 |
-16372 |
45526 |
3121 |
45624 |
4307 |
CSI 1000 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
MO2304 |
62293 |
18302 |
20100 |
2737 |
22502 |
3338 |
SSE50 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
HO2304 |
35473 |
35473 |
16282 |
16282 |
17820 |
17820 |
*Treasury Futures
Position of Top 20 members (Unit lots) |
||||||
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
TS2306 |
92,331 |
21,496 |
54,458 |
1,808 |
57,418 |
862 |
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
TF2306 |
120,536 |
27,976 |
87,949 |
-1,084 |
87,666 |
581 |
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
T2306 |
105,042 |
5,202 |
151,548 |
308 |
145,785 |
1,401 |
*Night Session Commodities Market (As of 02:30 am)
Top 3 Gainers (Dominant Contract) |
|||||
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
Bonded Copper |
BC2305 |
60,100.0 |
+1.03% |
4,479 |
11,861 |
Tin |
SN2304 |
186,810.0 |
+1.01% |
69,190 |
46,618 |
PTA |
TA305 |
5,890.0 |
+0.82% |
1,797,464 |
1,469,339 |
Top 3 Loser (Dominant Contract) |
|||||
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
Iron Ore |
I2305 |
881.5 |
-1.95% |
276,895 |
714,948 |
Bleached Softwood Kraft Pulp |
SP2305 |
5,718.0 |
-1.85% |
105,368 |
187,216 |
Nickel |
NI2304 |
175,270.0 |
-1.5% |
46,103 |
54,666 |
* Commodities (night session):
* Global crude oil price closed up collectively. May NYMEX crude oil contract up 1.31% to closed at $67.81/b, June Brent contract up 0.99% to closed at $73.49/b. INE crude oil active contract up 0.65% to 497.2 yuan/b.
* Precious metals closed up collectively. COMEX gold contract up 0.47% to closed at $1982.8/oz. SHFE gold active contract up 0.60% to closed at 442.80 yuan/gram.
* Metals closed up mostly, LME tin up 1.67%, LME copper up 1.4%, LME lead up 1.1%, LME nickel down 2.61% on the contrast. Bonded copper up 1.03%, SHFE tin up 1.01%, SHFE nickel down 1.50%.
* Commodity futures closed down collectively, energy & chemistry futures saw weak performance, bleached softwood kraft pulp down 1.85%. Black series closed down collectively, iron ore down 1.95%, coking coal down 1.12%, coke down 1.08%. Agricultural products mixed, corn starch down 1.19%.
DISCLAIMER
The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.