DZ20220126

 

*Key points

 

International Relationship

*President Xi made speech on the virtual summit marking 30 years of China-Central Asia ties that China to open up supersized market to central Asia countries with trade between improves to usd 70bn by 2030 and cooperation in full industrial chain of energy to be expanded for low carbon transformation of energy.

 

Financials

*CBIRC held 2022 work conference which required to carry out disposal of high risk financial institutions with rebound of non-performing asset properly handled and illegal financial activities to be cracked down. Disorderly expansion of capital in financial field to be prevented with traffic lights set.

 

Industrial Economy

*President Xi emphasized to prioritize development of new energy and clean energy with solar, silicon, hydrogen and renewable energy to be promoted to achieve carbon peak and neutral.

*MIIT and 2 other departments jointly issued notice to adjust technique requirement of energy-saving and NEV benefited from vehicle and vessel tax with min equivalent electrical mileage set at 43km for mixed power vehicles.

*China self-developed anti-covid oral medicine expects to be under clinical trial in 2H 2022, according to world health drug R&D center.

Co Focus

*China Telecom announced official commercial use of 5G information with standard set provided to individuals and coverage range at terminals expanded.

 

*Block Trade Info

 

*Discount

- BOC securities (601696 CH) saw 3 block trade worth 17mn at 11.74 yuan per share, 6.6pct discount from last closing.

- China Chemical (601117 CH) saw 2 block trade worth 14mn at 10.94/10.84yuan per share, 0.46pct discount from last closing.

- Industrial Bank (601166 CH) saw 1 block trade worth 12mn at 21.8 yuan per share, 1.18pct discount from last closing.

- Vanke (000002 CH) saw 2 block trade worth 4.7mn at 19.48yuan per share, 10.23 discount from last closing.

- Sangfor Tech (300454 CH) saw 3 block trade worth 103mn at 170.72 yuan per share, 3pct discount from last closing.

- Sany Industry (600031 CH) saw 2 block trade worth 7.3mn at 22.75 yuan per share, 0.00pct discount from last closing.

- Pylon Tech (688063 CH) saw 1 block trade worth 52mn at 148.8yuan per share, 4.00pct discount from last closing.

- Medicalsystem Tech (603990 CH) saw 2 block trade worth 23mn at 23.34/24.46 yuan per share, 8.67/0pct discount from last closing.

 

Premium

- Sanfame Polyester (600370 CH) saw 1 block trade worth 60mn at 3.03yuan per share, 3.77pct premium from last closing.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

*Night Session Commodities Market (As of 02:30 am)

 

Commodities (night session):

* API: as of the week of Jan 21, 2022, the US commercial inventory of crude oil declined by 872 thousand barrels. Tensions in East Europe and Middle East have intensified, which shadows the stable supply of crude oil, global crude oil price rose collectively. March NYMEX crude oil contract up 2.23% to closed at $85.17/b, April Brent contract up 1.83% to closed at $87.85/b. INE crude oil active contract up 1% to closed at 535.2 yuan/b. US announced the release of 13,400 thousand barrels strategic oil reserve, the second largest in the history of oil reserve transaction.

* VIX rose amid increasing geopolitical risk. COMEX gold active contract closed at $1848.1/oz (up 0.35%), SHFE gold active contract closed at 379.54 yuan/gram (up 0.62%).

* Metals performed mixed LME aluminum rose 2.2%, copper up 1.21%, tin down 2.53%. SHFE aluminum up 1.51%, copper up 0.66%, bonded copper up 0.50%.

* Commodity futures mostly closed up, Energy & chemistry futures performed strong, soda ash rose 1.57%, methanol up 1.38%. Black series mostly declined, steel rebar down 0.49%, thermal coal rose 2.4%. Agriculture futures saw diverge performance, No.1 soybeans up 2.06%, rapeseed oil down 0.7%.

 

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