Glowing charcoal embers with ash and light smoke, showing burning coals used as an energy or fuel source.
Reading Time: 2 minutes

Sectors

-The Ministry of Commerce, the People’s Bank of China and the National Financial Regulatory Administration have jointly issued the Notice on Strengthening the Coordination between Commerce and Finance to Boost Consumption with Greater Efforts, focusing on key consumption sectors to increase support and create stronger synergy for boosting and expanding consumption.

Finance

-Starting from Dec 15th, the sample adjustments for Shenzhen market indices, including the Shenzhen Component Index, ChiNext Index, Shenzhen 100 Index, and ChiNext 50 Index, will take effect.

-Market reports indicate that the online testing phase for market-value-based IPO subscriptions on the Beijing Stock Exchange (BSE) has commenced. A source familiar with the matter confirmed this is true.

Data

-The PBoC released the financial data for November, which showed that:

the balance of M2 stood at 336.99tn yuan, up 8% y/y, the balance of M1 reached 112.89tn yuan, up 4.9% y/y, the balance of M0 hit 13.74tn yuan, up 10.6% y/y; a net cash injection of 917.5bn yuan was made in the first eleven months. In the first eleven months, RMB loans increased by 15.36tn yuan and RMB deposits rose by 24.73tn yuan. The cumulative increase in the social financing scale came in at 33.39tn yuan in the first eleven months, 3.99tn yuan more than the same period last year.

Dec 12 Block Trade Info

*Discount

-Aecc Aero-Engine Control (000738 CH) saw 2 block trades worth 399.96mn at 17.85yuan per share, 8.51pct discount from last closing.

*Flat

-Dongshan Precision (002384 CH) saw 5 block trades worth 161.82mn at 84.86yuan per share, flat from last closing.

-Huatai Securities (601688 CH) saw 3 block trades worth 103.22mn at 22.16yuan per share, flat from last closing.

-Gambol Pet Group (301498 CH) saw 1 block trade worth 98.68mn at 69.23yuan per share, flat from last closing.

-Victory Giant Tech (300476 CH) saw 3 block trades worth 98.82mn at 302.40yuan per share, flat from last closing.

-Kuang-Chi Tech (002625 CH) saw 3 block trades worth 111.59mn at 52.20yuan per share, flat from last closing.

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

Disclaimer

We, Orient Futures International (Singapore) Pte. Ltd. (“OFIS”) (UEN No. 201831776Z), hold a capital markets services licence (CMS100869) from the Monetary Authority of Singapore for dealing in capital market products such as futures/derivatives contracts, and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading, and is an Exempt Financial Adviser. For more information about OFIS, please check the MAS Financial Institutions Directory by clicking here.

All content, materials, information, data, statistics, features, research, documents or reports available on our website (including this article) which are financial in nature (the “Content”) are governed by our Terms of Use. By accessing, using or downloading any Content, you are deemed to have consented and agreed to the Terms of Use.

We distribute information/research (which may be prepared by us directly or produced by our foreign affiliated companies within the Orient Group of companies) pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. The information/research herein is prepared and distributed in Singapore and is intended for our clients who are Accredited Investors, Expert Investors or Institutional Investors only. If you are not an Accredited Investor, Expert Investor or Institutional Investor, you hereby acknowledge and agree that you are not the intended audience of all Content available on our website, and you undertake to immediately cease your access to any Content available on our website.

You agree to access and accept all Content available on our website on an “as-is” and “as available” basis. You agree that OFIS shall not have any responsibility or liability arising out of or in connection with, and you agree to waive the right to bring any claims or raise any complaints against OFIS in respect of any Content available on our website. OFIS shall also not be liable for any damage, loss or liability of any kind (whether actual, anticipated, consequential, special, economic or otherwise) caused as a result (direct or indirect) of the use of, or inability to access or use, the website, including but not limited to any damage, loss or liability suffered as a result of your reliance on the Content or our website.

OFIS does not make any representations, and hereby disclaim all warranties, express or implied, statutory or otherwise to the extent permitted by law, in respect of our website and all Content therein. To the fullest extent permissible, OFIS does not warrant and hereby disclaims any warranty as to the accuracy, correctness, completeness, reliability, timeliness, non-infringement, title, merchantability or fitness for any particular purpose of the Content.

All Content available on our website are general in nature and have been prepared without any consideration of your investment objectives, financial situations or needs. You should consider the appropriateness of any Content available on our website having regard to your personal circumstances before making any investment decisions. You should take into account your investment objectives and financial situation and seek advice from an independent financial advisor under a separate engagement if necessary.

Subscribe to our weekly newsletter to get the latest market news