DZ20211018
*Key points
For QFIIs
*CSRC said it would open the access for QFII to participate in the trading of commodity futures, commodity options and stock index options, which shall come into force on November 1, 2021.
Macro:
*President Xi Jinping published an important article about "solid promotion of common prosperity". It mentioned that,
1.The government should actively and steadily promote the legislation and reform of real estate tax and do a good job in the pilot work.
2.The government should appropriately improve the wages and benefits of civil servants, especially grass-roots front-line civil servants and grass-roots employees of state-owned enterprises and institutions.
3.The government would encourage high-income groups and enterprises to pay more back to the society and increase the management of income distribution in monopoly industries and state-owned enterprises.
4.The government should increase the property income of urban and rural residents from housing, rural land and financial assets.
5.The government should strive to expand the size of middle-income groups and strengthen the regulation and regulation of high-income groups.
*During his visit to Guangdong, Prmier Li Keqiang said that the government will continue to take measures to prevent the rise of commodity prices from transmitting to the downstream of the supply chain and will also study the implementation of phased tax cuts to alleviate the cost pressure of downstream small, medium and micro enterprises.
Financial:
*Based on the data of 2020, PBoC and CBIRC evaluated and identified 19 domestic systemically important banks, including 6 state-owned commercial banks, 9 joint-stock commercial banks and 4 urban commercial banks.
*CSRC and other departments are improving rules and regulating domestic financial activities such as FUTU Securities and Tiger Securities. People.CN said that the personal information protection law will bring major compliance challenges to the cross-border internet brokerage industry.
Industrial:
*The wind power partnership action plan has been implemented, 10,000 wind turbines will be installed in rural areas across the country to support the zero-carbon process in urban industry, and offshore wind power is striving to achieve parity in 2024.
*Xiao Yaqing, Minister of MIIT, said that the government would continue to further promote the special rectification action of the Internet industry.
*The medical reform leading group of the State Council proposed that all localities should carry out centralized and systematic procurement of drug consumables.
*NDRC issued the pricing measures for electricity transmission prices of inter provincial and inter regional special projects.
*On the first day of the implementation of power reform, the transaction price in Jiangsu rose by 19.94%.
Co-Focus
*Data show that American Euro-pacific Growth Fund, which holds the most shares in KWEICHOW MOUTAI, decreased its holdings in the third quarter. Compared with the end of the second quarter, the number of shares held by the fund at the end of the third quarter decreased by 11.19%.
*Block Trade Info
*Discount
- Moutai (600519 CH) saw 2 block trade worth 106.5 mn at 1911 yuan per share, 0.31pct discount from last closing.
- Xingfa Chemicals (600141 CH) saw 13 block trade worth 70.6 mn at 35.31 yuan per share, 11.44pct discount from last closing.
- IMeik (300896 CH) saw 15 block trade worth 243.8mn at 601.79 yuan per share, 8.71pct discount from last closing.
- Mingchen Health (002919 CH) saw 6 block trade worth 90.5mn at 47.22 yuan per share, 0.34pct discount from last closing.
*Premium
- Transsion Holdings (688036 CH) saw 2 block trade worth 280.2mn at 140.1yuan per share, 0.21pct premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.6893trillion |
Total Short Selling Balance |
161.8billion |
|
SH Margin Balance |
0.8958trillion |
SH Short Selling Balance |
101.1billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
688772 |
120mio |
512000 |
17.2mio |
|
601600 |
109mio |
510500 |
11.4mio |
|
600596 |
107mio |
601162 |
8.0mio |
|
600089 |
104mio |
688772 |
7.0mio |
|
600863 |
85mio |
510050 |
5.7mio |
|
SZ Margin Balance |
0.7935trillion |
SZ Short Selling Balance |
60.7billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
002129 |
447mio |
002185 |
7.4mio |
|
000661 |
152mio |
159949 |
3.8mio |
|
002123 |
152mio |
002249 |
2.7mio |
|
002466 |
114mio |
300433 |
1.8mio |
|
000723 |
86mio |
000629 |
1.7mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
2.20 |
Northbound Net Cash Flow |
0.50 |
||
|
Southbound Net Cash Flow |
-1.16 |
Southbound Net Cash Flow |
1.37 |
||
|
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 |
|
300750 |
1023 |
0.87 |
601318 |
999 |
1.05 |
|
601012 |
808 |
1.91 |
600276 |
552 |
1.60 |
|
300274 |
553 |
2.64 |
000858 |
487 |
0.55 |
|
600460 |
550 |
7.32 |
300760 |
484 |
1.06 |
|
600519 |
529 |
0.23 |
000002 |
325 |
1.25 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2110 |
31,140 |
-32,878 |
0 |
-11,198 |
0 |
-10,545 |
|
IF2111 |
78,421 |
27,983 |
44,395 |
11,879 |
47,941 |
12,058 |
|
IF2112 |
30,598 |
5,097 |
56,504 |
1,809 |
69,250 |
2,401 |
|
IF2203 |
8,670 |
4,443 |
23,639 |
1,561 |
23,878 |
1,429 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2110 |
22,111 |
-12,905 |
0 |
-8,431 |
0 |
-7,642 |
|
IH2111 |
55,177 |
25,144 |
29,435 |
11,080 |
31,577 |
12,148 |
|
IH2112 |
18,918 |
2,593 |
28,708 |
1,747 |
36,524 |
2,129 |
|
IH2203 |
4,831 |
1,173 |
7,848 |
337 |
10,872 |
458 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2110 |
36,509 |
-28,836 |
0 |
-8,943 |
0 |
-12,192 |
|
IC2111 |
71,478 |
16,971 |
57,682 |
10,773 |
59,782 |
10,650 |
|
IC2112 |
32,255 |
443 |
79,475 |
243 |
91,423 |
-897 |
|
IC2203 |
14,573 |
1,423 |
57,661 |
1,188 |
65,918 |
911 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2110 |
127,519 |
-11,598 |
0 |
-24,793 |
0 |
-25,612 |
|
IO2111 |
75,282 |
30,882 |
48,658 |
8,511 |
45,952 |
6,898 |
|
IO2112 |
6,515 |
6,515 |
22,674 |
22,674 |
24,632 |
24,632 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
20,115 |
-6,059 |
22,694 |
710 |
24,661 |
369 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
42,326 |
10,088 |
64,511 |
842 |
61,240 |
978 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
139,784 |
57,640 |
124,173 |
1,534 |
124,140 |
2,403 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Zinc |
zn2111 |
27,520.0 |
+7.21% |
308,552 |
95,188 |
|
Thermal Coal |
zc201 |
1,753.4 |
+6.42% |
57,022 |
83,867 |
|
EG |
eg2201 |
6,980.0 |
+4.24% |
367,554 |
229,259 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Iron Ore |
i2201 |
702.0 |
-3.51% |
352,862 |
471,350 |
|
Glass |
fg201 |
2,305.0 |
-2.78% |
208,472 |
229,758 |
|
Cotton |
cf201 |
21,305.0 |
-2.76% |
790,422 |
466,173 |
Commodities (night session):
* Global oil price rose collectively. The short in supply of natural gas and coal led to higher demand for oil products in power industry, oil reserves saw downward tendency. November NYMEX crude oil contract rose for 8-consecutive weeks to closed at $82.66/b (up 1.66%). December Brent contract closed at $84.92/b (up 1.1%), INE crude oil active contract quoted 1% higher to closed at 535.8 yuan/b.
* The bounce of US treasury yield and surprisingly rise of September US retail data led to the fall of gold price. COMEX gold futures closed at $1768.1/oz (down 1.66%), COMEX silver closed at $23.35/oz (down 0.54%). SHFE gold active contract closed at 368.6 yuan/gram (down 1.38%), silver closed at 4944 yuan/Kilogram (down 0.38%).
* Metals mostly closed up with zinc rose sharply leading the trend. Nyrstar and Glen announced production cut in zinc amid rising energy price. In addition, India’s short in power supply may lead to further contraction of zinc output. LME zinc up 8.26% to $3820/ ton, copper up 2.31 % to $10215 / ton. SHFE zinc up 7.21% to 27520 yuan/ton, copper up 2.06% to 75130 yuan/ton, bonded copper up 2.17 % to 67220 yuan/ton.
* Black series futures saw diverge performance. thermal coal futures rose sharply by 6.42%, coke up 3.79%, iron ore down 3.51%. Energy & chemistry sector performed mixed, EG rose 4.24%, soda ash went up 3.3%. Agriculture commodity futures mostly closed up, rbd palm olein.up 2.59%, soybean oil up 2.05%, no.2 soybeans up 1.3%.
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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.
