DZ20230328

 

International Relationship

*MoFA: Premier Li Qiang to deliver speech on the Boao Forum to be held on March 30.

 

Financials

*MoF and State Administration of Taxation said to collect 20% corporate income tax after 25% deduction from tax payable less than cny 1 mio for small-micro enterprises. Personal income tax will be half exempted for private businesses for the less than cny 1mio amount of tax payable.

 

Industrial Economy

*Poly issued whitepaper of real estate industry 2022-2023 suggesting property market scale has declined to cny 13.3tn after peaked at cny 18.2tn in 2022 while market scale of new homes to maintain above cny 10tn in future 5 years and to exceed cny 20tn if counting second-hand homes in.

*Ministry of Culture and Tourism said to enhance innovation of tourism and consumption type financial products with “travel first, pay later” financial service to be provided for travelers.

 

Co Focus

*Baidu officially issued new large model platform at enterprise-level under ERNIE Bot, according to clients attended its close-door forum.

*CATL and HGP reached product supply agreement on 450MWh battery energy storage project with long-term partnership to be built up in promoting implementation of 5GWh public and distributive energy storage project.

 

*Mar 27th Block Trade

*Block Trade Info

*Discount

- Sinofibers Tech (300777 CH) saw 1 block trade worth 40mn at 50.00yuan per share, 1.24 discount from last closing.

- Zhenhua E-Chem Inc.(688707 CH）saw 7 block trades worth 73mn at 37.21 yuan per share, 6.48 discount from last closing.

- Zhejiang Construction (002761 CH) saw 1 block trade worth 19mn at 19.09 yuan per share, 0.31 discount from last closing.

- Yongdong Chemistry Industry Co. (002753 CH) saw 2 block trades worth 56mn at 7.6yuan per share, 9.09 discount from last closing.

- Onechance Tech.(300792 CH) saw 5 block trades worth 29mn at 32.32 yuan per share, 10.00 discount from last closing.

- Inmyshow Digital Tech (600556 CH) saw 6 block trades worth 34mn at 8.78yuan per share, 12.90 discount from last closing.

- Tonze New Energy Tech (002759 CH) saw 4 block trades worth 19mn at 16.18yuan per share, 10.11 discount from last closing.

- Visual China (000681 CH) saw 3 block trades worth 100mn at 17.00 yuan per share, 2.52 discount 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):

* Global crude oil price closed up collectively. May NYMEX crude oil contract up 5.24% to closed at $72.89/b, June Brent contract up 4.22% to closed at $77.74/b. INE crude oil active contract up 4.16% to 521.0 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 1.32% to closed at $1957.7/oz. SHFE gold active contract down 1.30% to closed at 435.50 yuan/gram.

* Metals closed up collectively, LME tin up 2.11%, LME nickel up 1.41%, LME aluminum up 1.2%. SHFE tin up 2.46%, SHFE zinc up 0.69%, SHFE aluminum up 0.65%.

* Commodity futures closed mixed, energy & chemistry futures saw strong performance, fuel oil up 2.59%, MEG up 1.83%, EB up 1.45%, PVC up 1.12%, bleached softwood karft pulp down 1.26%. Black series closed down mostly, coke down 2.62%, coking coal down 1.93%. Agricultural products performed mixed, cotton up 2.06%, cotton yarn up 1.62%, RBD palm olein up 1.07%.

 

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