DZ20211008

*Key points

Macro:

*Premier Li Keqiang pointed out that China should strengthen cross cycle regulation, continue to implement macro policies around the needs of market players, and keep the economy running within a reasonable range.

*Premier Li Keqiang stressed that it would be important to maintain the stability of the industrial chain supply chain, ensure energy and power supply, create a market-oriented, legalized and international business environment, adhere to the same treatment for domestic and foreign enterprises, and promote fair competition.

*The US trade representative said that she would have a frank dialogue with China on economic and trade issues. She also put forward the concept of "long-term coexistence" between the United States and China and sought to open up a new path to change the pattern of bilateral trade between the United States and China.

*Yang Jie Chi held meeting with Assistant to the President for National Security Affairs, Sullivan. The two sides agreed to take action to implement the spirit of the call between the two heads of state on September 10, strengthen strategic communication, properly manage and control differences, avoid conflict and confrontation, seek mutual benefit and win-win results, and work together to push China-US relations back to the correct track of healthy and stable development.

 

Industrial:

*MIIT said that the industrial economy is still facing problems such as the slowdown of demand recovery and the continuous rise of commodity prices. It is necessary to do a good job in the research on reserve hedging policies and give advice to promote the development of the industry.

*Ministry of Commerce responded to power rationing that it will pay close attention to the operation of enterprises and help coordinate and solve difficulties.

*The 2020 power reliability index conference and the publicity and implementation meeting of safety production law were held in Beijing. The meeting required that we should make every effort to ensure the normal operation of generator units, strictly implement the demand response and orderly power consumption scheme, and make every effort to ensure people's livelihood and power supply for key users. The northern region should put heat supply in a more prominent position.

*MIIT and Ministry of Natural Resources issued the total amount control index of rare earth mining, smelting and separation in 2021.

*The reporting platform of National Press and Publication Administration to prevent minors from indulging in online games was officially launched on September 30. The reporting platform specially accepts reports on issues related to the prevention of addiction of game enterprises, including real name authentication violation reports, period length violation reports, recharge payment violation reports, etc. once the reporting clues are verified, the relevant departments will severely investigate and deal with the game enterprises in violation of regulations.

*Hao Peng, director of SASAC said that power grid enterprises should resolutely win the battle to protect electricity production, he also said that the government is going to accelerate the release of advanced coal production capacity in accordance with laws and regulations, and increase the purchase of imported coal.

*On October 2, China's first single crystal nano-copper intelligent processing production line was put into operation in Pingyang, Wenzhou. It is a key material for integrated circuit semiconductor packaging. This raw material is mainly used in chips in the fields of communication, automobile, medical treatment and industrial control.

*5G message will probably be put into commercial use nationwide in late October. China Mobile and ICBC jointly completed the digital RMB wallet based on 5G and officially launched it.

 

Data

*According to the preliminary statistics of China Film Administration, as of 17:00 on October 7, the box office of China's National Holiday in 2021 reached 4.246 billion yuan.

*According to the Ministry of Culture and Tourism, from October 1 to 7, 515 million domestic tourists visited the country, recovering to 70.1% of the same period before the epidemic. Domestic tourism revenue reached 389.061 billion yuan, recovering to 59.9% of the same period before the epidemic.

*According to Ministry of Commerce, from January to August this year, the total import and export of services was 3271.66 billion yuan, a year-on-year increase of 9.4%; In August, China's service import and export totaled 462.47 billion yuan, a year-on-year increase of 24.8%

 

Financial:

*CSRC issued the provisions on the supervision of guidance for initial public offering and listing, which stipulates that the acceptance institution shall conduct guidance and acceptance by reviewing guidance and acceptance materials, visiting guidance objects on site, interviewing relevant personnel, consulting company data, inspecting or spot checking the working papers of recommendation business, etc.

*CBIRC said it would ensure the reasonable financing needs of coal power, coal, steel, non-ferrous metal and other production enterprises.

*CBIRC said it is strictly prohibited for bank insurance funds to flow into the stock market, bond market and futures market in violation of regulations, affecting commodity prices.

 

*Block Trade Info

*Discount

- Haoyue Personal Care (605009 CH) saw 11 block trade worth 47mio at 47.31yuan per share, 10.92pct discount from last closing.

- Gan&Lee (603087 CH) saw 8 block trade worth 34.5mio at 69.03yuan per share, 12.8pct discount from last closing.

- Xingfa Chemicals (600141 CH) saw 13 block trade worth 62mio at 38.13yuan per share, 14.98pct discount from last closing.

- Xingqi Pharm (300573 CH) saw 3 block trade worth 81mio at 116.06yuan per share, 9.12pct discount from last closing.

- Sangfor Tech (300454 CH) saw 5 block trade worth 78mio at 222.87yuan per share, 5pct discount from last closing.

 

Flat

- Azure (002245 CH) saw 2 block trade worth 62mio at 20.92yuan per share, flat from last closing.

*Margin Trade

Total Margin Balance

1.6853trillion

Total Short Selling Balance

156.2billion

SH Margin Balance

0.9070trillion

SH Short Selling Balance

98.6billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

513050

121mio

510500

11.1mio

601016

99mio

688538

4.6mio

601877

73mio

512660

3.3mio

603077

72mio

601099

2.5mio

688711

64mio

510510

2.2mio

SZ Margin Balance

0.7891trillion

SZ Short Selling Balance

58.4billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

300750

791mio

002382

1.6mio

002594

279mio

002701

1.5mio

300014

151mio

002385

1.5mio

002602

63mio

002065

981k

301071

61mio

002926

840k

*Connection Trade

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

-0.64

Northbound Net Cash Flow

1.61

Southbound Net Cash Flow

N/A

Southbound Net Cash Flow

N/A

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

600900

927

1.84

600519

857

0.37

002594

599

0.89

601318

658

0.73

300750

528

0.45

000858

388

0.46

601012

344

0.78

600436

296

1.38

002709

283

2.14

000001

244

0.69

*Index Futures

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2110

76,282

-44,444

50,758

-9,064

55,582

-8,780

IF2112

19,599

-9,739

51,720

-1,251

64,362

-1,055

IF2203

5,288

-606

21,634

-872

21,964

-718

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2110

56,372

-22,646

31,754

-5,983

34,556

-7,092

IH2112

15,807

-8,957

26,257

-2,028

33,381

-1,895

IH2203

4,113

-835

7,446

-11

9,994

-117

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2110

80,335

-29,980

64,215

-8,800

63,664

-8,198

IC2111

8212

-2261

11220

703

10655

674

IC2112

30,187

-12,275

74,587

-2,119

90,779

-3,016

IC2203

14,993

-3,734

52,750

1,505

62,210

545

*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2110

97609

-88297

59871

-1984

66549

-444

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2112

18,802

3,997

23,144

934

26,119

427

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2112

34,535

1,487

55,546

-621

56,706

-481

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2112

88,734

-395

117,877

453

119,544

95

 

*Global Market Statistics during National Day 2021

Contract/Product Name

As of 3pm on Sept 30

As of 6:30am on Oct 8

Change*

Change %*

NYMEX Natural Gas

4.861

5.76

0.899

18.49%

ICE Cotton

103.66

111.67

8.01

7.73%

NYMEX Heating Oil

2.2936

2.4699

0.1763

7.69%

ICE Brent Oil

76.67

82.48

5.81

7.58%

CBOT Soybean Oil

57.86

61.99

4.13

7.14%

ICE WTI

73.34

78.5

5.16

7.04%

Malaysia Palm Oil

4547

4845

298

6.55%

LME Silver

21.541

22.58

1.039

4.82%

CBOT Wheat

715.5

741

25.5

3.56%

LME Lead

2128

2184.5

56.5

2.66%

ICE Sugar No.11

19.41

19.85

0.44

2.27%

Japan Rubber No.2

208.6

212.5

3.9

1.87%

LME Copper

9137

9306

169

1.85%

LME Aluminum

2889

2942

53

1.83%

LME Gold

1728.6

1755.76

27.16

1.57%

LME Zinc

3029.5

3060

30.5

1.01%

Nasdaq

14512.441

14654.02

141.579

0.98%

S&P 500

4359.46

4399.76

40.3

0.92%

LME Nickel

18225

18385

160

0.88%

LME Tin

35215

35300

85

0.24%

FTSE China A50 Index

15450

15434

-16

-0.10%

USDX

94.311

94.206

-0.105

-0.11%

TSI Iron Ore

119.55

118.25

-1.3

-1.09%

CBOT Corn

543.8

533.75

-10.05

-1.85%

CBOT Soybean

1290.8

1246.75

-44.05

-3.41%

CBOT Soybean Meal

342.7

319.2

-23.5

-6.86%

* Oil price mostly went up in the global market, the November contract of WTI went up by 1.83% at $78.85/barrel, and the December contract of Brent both went up by 1.73% at $82.28/barrel. As the US stated that there’s no plan regarding launch of strategic oil reserve at this moment, the oil price stopped falling and started to bounce back. While natural gas kept rising, especially for ICE natural gas in Britain surged 39% and hit the upper limit.

* LME metals mostly closed up with LME copper up 2.88% to $9,306/ton, LME zinc rose by 1.51% to $3,060/ton, LME nickel up by 1.73% to $18,385 / ton, LME aluminum up by 1.55% to $2,942 / ton, LME tin up by 0.38% to $35,300 / ton, lead rose 1.56% to $2,184.5 / ton. COMEX gold fell 0.32% to $1,756.1 /OZ, while COMEX silver quoted 0.35% higher at $22.61 per ounce.

* Main contracts of Agriculture on CBOT mostly closed up with CBOT Soybean up by 0.38% to 1246.75 cents/bushel; CBOT Corn quoted 0.28% higher at 533.75 cents/bushel, while CBOT wheat declined 0.67% to 741 cents/bushel.

 

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