DZ20230510

Data

*CPCAAUTO: April retail sales in the passenger vehicle market reached 1.63mio units, due to the impact of the epidemic in the same period of last year, up 55.5% y/y and up 2.5% m/m, with retail sales of 527k units in NEV market, up 85.6% y/y and down 3.6% m/m. The domestic retail penetration rate of NEV was 32.3%.

*According to the China Railway Group data released, Jan-Apr the national railway completed fixed assets investment of cny 167.4bn, up 6.3% y/y.

Industrial Economy

*The SASAC held a meeting on Rural Revitalization of central enterprises which emphasized that all central enterprises should learn and understand the important exposition of c Xi Jinping on the work of "Sannong", make greater contributions to comprehensively promoting rural revitalization, realizing agricultural and rural modernization and accelerating the construction of agricultural power.

*MIIT and other four central departments jointly issued the announcement on the implementation of the national 6 emission standards for automobiles. Since 1 July 2023, the national 6 emission standards 6B phase has been fully implemented nationwide. The production, import and sales of automobiles that do not meet the national 6 emission standards 6B phase are prohibited.

*BOB Shanghai Branch launched the first national certified voluntary emission reduction CCER transaction settlement based on digital RMB on May5th. The settlement of CCER transaction provides customers and their counterparties with full process financial services covering the opening of digital RMB corporate wallets, digital RMB redemption, payment and settlement and transaction inquiry.

*Jiangsu Provincial Department of Education recently issued the implementation plan for the digital RMB pilot project in the education field, proposing to unblock the digital RMB income and payment channels in the education field, actively build digital RMB application scenarios such as education fees, registration fees for various examinations, centralized payment by the state treasury and payment of awards and grants of scholarships.

Co Focus

*MONTAGE TECHNOLOGY (688008 CH) has completed the flow of the first generation of AI chip engineering samples and lit up successfully and is currently conducting internal testing and other related work. The co plans to complete the verification and testing of the first generation of AI chip engineering samples this year.

 

May 9 Block Trade Info

*Discount

- Zhongji Innolight (300308 CH) saw 6 block trades worth 201.18mn at 81.12yuan per share, 1pct discount from last closing.

- Shunwang Tech (300113 CH) saw 6 block trades worth 212.94mn at 15.89yuan per share, 6.86pct discount from last closing.

 

*Premium

- Zijin Mining (601899 CH) saw 1 block trades worth 205.87mn at 12.47 yuan per share, 1.17pct premium from last closing.

- Spring Airlines (601021 CH) saw 1 block trades worth 78.02mn at 58.59 yuan per share, 0.67pct premium from last closing.

 

*Flat

- Will (603501 CH) saw 1 block trades worth 35.6mn at 91.61 yuan per share, flat from last closing.

- Hengrui Pharm (600276 CH) saw 2 block trades worth 143.15mn at 45.93 yuan per share, flat from last closing.

- Guizhou Bailing (002424 CH) saw 3 block trades worth 259.95mn at 8.17 yuan per share, flat from last closing.

- Xj Electric (000400 CH) saw 1 block trades worth 181.38mn at 23.15yuan per share, flat 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 performed strong. June NYMEX crude oil contract up 0.51% to closed at $73.53/b, July Brent contract up 0.39% to closed at $77.31/b. INE crude oil active contract up 0.87% to 523.4 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.42% to closed at $2041.8/oz. SHFE gold active contract up 0.53% to closed at 455.18 yuan/gram.

* Metals closed mixed, LME nickel down 4.3%, LME zinc down 0.67%, LME tin down 0.48%, LME lead up 1.02%. SHFE nickel down 2.70%, SHFE tin down 2.28%, SHFE copper down 0.30%.

* Commodity futures closed down collectively. Energy & chemistry futures saw weak performance, methanol down 1.55%, PTA down 1.54%, soda ash down 1.52%, glass down 1.29%, PVC down 1.11%. Black series closed down mostly, coking coal down 1.49%, coke down 1.3%. Agricultural products closed down collectively, No.1 soybeans down 1.93%, corn starch down 1.9%, soybean oil down 1.29%.

 

 

Download PDF

 

 

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.