DZ20211027
*Key points
Carbon Peak:
*The State Council printed and distributed the action plan for carbon peak before 2030. The goal mentioned that by 2025, the proportion of non-fossil energy consumption will reach about 20%, the energy consumption per unit of GDP will be 13.5% lower than that in 2020, and the carbon dioxide emission per unit of GDP will be 18% lower than that in 2020, laying a solid foundation for achieving carbon peak. By 2030, the proportion of non fossil energy consumption will reach about 25%, and the carbon dioxide emission per unit of GDP will be reduced by more than 65% compared with 2005, so as to successfully achieve the carbon peak goal by 2030. Several detailed policies related to industries are:
1.Strictly and reasonably control the growth of coal consumption during the 14th Five Year Plan period and gradually reduce it during the 15th Five Year Plan period.
2.By 2030, the total installed capacity of wind power and solar power will reach more than 1.2 billion kw
3.Vigorously promote new energy vehicles and gradually reduce the proportion of traditional fuel vehicles in the production and sales of new vehicles and vehicle ownership.
4.By 2025, the installed capacity of new energy storage will reach more than 30 million KW
Macro:
*Xi Jinping said that the government needs to strengthen its confidence in innovation, grasp the opportunities for innovation, and accelerate the realization of high level technology and self-reliance.
*President XI Jinping said that the military need to start a new phase of weaponry construction in an all-round way and make positive contributions to the goal of building the army in the future.
*The two departments held a symposium on foreign debt of enterprises in some key industries, which required enterprises to continuously optimize the structure of foreign debt and actively prepare for the payment of principal and interest of overseas bonds.
*Personnel close to the regulator said that under the current foreign exchange policy framework, SAFE would appropriately facilitate the repayment of overseas bonds of enterprises.
Industrial:
*The "14th five year plan" for e-commerce development was released, which mentioned preventing and stopping monopolies and unfair competition in the platform economy. The goal is to achieve 46 trillion yuan of e-commerce transactions and 17 trillion yuan of national online retail sales by 2025.
*The first batch of four MSCI A50 ETFs raised a total of over 30bn yuan, according to people familiar with the matter.
Co Focus:
*The 40 projects under construction of Evergrande have gradually resumed work and production, and the building projects are expected to be delivered on schedule on December 31.
*Block Trade Info
*Discount
-China Northern Rare Earth Group (600111,CH) saw 2 block trade worth 28.28 mn at 50.50 yuan per share, 6.39 discount from last closing.
-Yi Hai Kerry Arawana (300999,CH) saw 4 block trade worth 229.90 mn at 60.50 yuan per share, 2.25 discount from last closing.
-Hundson Tech (600570,CH) saw 1 block trade worth 60.00 mn at 60.00 yuan per share, 1.40 discount from last closing.
*Flat
-PIEN TZE HUANG (600436,CH) saw 1 block trade worth 18.95 mn at 423.99 yuan per share, flat from last closing.
-Midea Group (000333,CH) saw 10 block trade worth 1017.71 mn at 70.02 yuan per share, flat from last closing.
-Tigermed (300347,CH) saw 2 block trade worth 41.84 mn at 162.32 yuan per share, flat from last closing.
-BOE (000725,CH) saw 2 block trade worth 97.24 mn at 4.95 yuan per share, flat from last closing.
*Premium
-China Minsheng Banking (600016,CH) saw 1 block trade worth 24.55 mn at 4.33 yuan per share, 10.46 premium from last closing..
*Margin Trade
|
Total Margin Balance |
1.7084 trillion |
Total Short Selling Balance |
162.1 billion |
|
SH Margin Balance |
0.9086 trillion |
SH Short Selling Balance |
101.5 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600111 |
397mio |
600010 |
7.33mio |
|
600702 |
278mio |
601669 |
5.14mio |
|
600089 |
186mio |
601988 |
4.79mio |
|
603799 |
150mio |
601818 |
2.16mio |
|
600171 |
140mio |
688538 |
1.98mio |
|
SZ Margin Balance |
0.8244trillion |
SZ Short Selling Balance |
63.3billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
002594 |
219mio |
002610 |
8.74mio |
|
000333 |
160mio |
300433 |
3.43mio |
|
002466 |
153mio |
002092 |
2.58mio |
|
000002 |
133mio |
000998 |
1.13mio |
|
002415 |
122mio |
002385 |
1.10mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
-1.44 |
Northbound Net Cash Flow |
2.28 |
||
|
Southbound Net Cash Flow |
-1.93 |
Southbound Net Cash Flow |
-0.10 |
||
|
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 |
|
601669 |
332 |
2.85 |
300750 |
754 |
0.53 |
|
600436 |
329 |
1.26 |
002008 |
365 |
8.55 |
|
600516 |
193 |
4.97 |
002230 |
358 |
2.93 |
|
600010 |
185 |
1.38 |
000009 |
338 |
6.71 |
|
600406 |
166 |
0.75 |
002709 |
250 |
1.79 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2111 |
81,682 |
2,333 |
45,865 |
162 |
49,504 |
-513 |
|
IF2112 |
30,754 |
5,328 |
54,512 |
216 |
67,472 |
-706 |
|
IF2203 |
9,131 |
817 |
28,446 |
1,046 |
28,006 |
846 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2111 |
58,421 |
6,273 |
32,236 |
993 |
36,481 |
589 |
|
IH2112 |
21,641 |
2,442 |
29,401 |
1,673 |
36,487 |
950 |
|
IH2203 |
6,646 |
-372 |
8,996 |
135 |
11,593 |
59 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2111 |
64,001 |
2,051 |
56,162 |
531 |
57,241 |
521 |
|
IC2112 |
25,767 |
5,956 |
71,947 |
714 |
83,129 |
977 |
|
IC2203 |
13,599 |
845 |
57,269 |
496 |
64,782 |
132 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2111 |
121874 |
32085 |
59581 |
2176 |
59789 |
1937 |
|
IO2112 |
17133 |
2675 |
29610 |
1919 |
31857 |
1625 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
20,170 |
3,580 |
21,075 |
-8 |
23,246 |
263 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
35,657 |
3,245 |
64,144 |
873 |
62,237 |
572 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
85,336 |
7,446 |
119,822 |
-2,154 |
120,906 |
-1,806 |
|
T2203 |
5437 |
-340 |
12634 |
556 |
13639 |
548 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Iron Ore |
I2201 |
714.0 |
+2% |
240,059 |
470,476 |
|
Bitumen |
BU2112 |
3,186.0 |
+1.4% |
201,677 |
294,756 |
|
White Sugar |
SR201 |
5,990.0 |
+1.32% |
302,037 |
365,160 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Coking Coal |
JM2201 |
2,731.0 |
-8.06% |
52,575 |
76,280 |
|
Thermal Coal |
ZC201 |
1,188.4 |
-6.56% |
27,060 |
35,915 |
|
Coke |
J2201 |
3,531.0 |
-6.31% |
42,877 |
70,594 |
* The December contract of WTI rose by 0.81%, quoted at $84.44/barrel. Likewise, Brent Oil went 0.35% higher to $85.47/barrel. As of Oct 22, the weekly crude oil inventory increased 2.318 million barrels, which is more than expected.
* Coal related products has been widely concerned by the market lately, differing from the previous soaring situation, combined with the impact of continuous policies issued by multiple departments, thermal coal prices has switched to a rapid decline, which has fallen back to the level at the end of September.
* For the night session on Oct 26, thermal coal, coke and coking coal continued to fall with main contracts of thermal coal dropped below 1,200 yuan/ton, more than 6% intraday decline. While iron ore went up for approximately 2%. Regarding chemical & energy sector, soda ash, natural rubber and bitumen all went up more than 1%. PVC, EG and LPG dropped over 2% and closed down.
* LME metals mostly closed down with LME copper fell 1.07% to $9,762/ton, LME zinc down by 1.78% to $3,398/ton, LME nickel down by 0,67% to $20,170 / ton, LME aluminum down by 1.51% quoted at $2,832/ton, while LME tin rose by 0.52% to $37,650/ ton, lead fell by 0.96% to $2,415/ton.
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.
