DZ20211020
*Key points
Macro:
*President XI Jinping pointed out that the government should promote the integration and development of the digital economy and the real economy, and use the new Internet technology to transform the traditional industries in an all-round way and a whole chain, so as to raise total factor productivity. Moreover, the government should promote the deep integration of the Internet, big data and artificial intelligence with the industry, and accelerate the cultivation of a number of "specialized, special and new" enterprises and single champion enterprises in the manufacturing industry.
*President XI Jinping emphasized that the government should accelerate the construction of new infrastructure, accelerate the construction of intelligent and comprehensive digital information infrastructure, focus on breaking through key software, promote the expansion and strengthening of the software industry, and improve the technological innovation and supply capacity of key software.
*Vice Premier Han Zheng proposed to implement the policy of expanding the floating range of coal-fired electricity price, and study and improve the market-oriented formation mechanism of coal-fired electricity price.
Financial:
*Guo Shuqing, chairman of CBIRC, demanded that financial businesses must be licensed. In the rectification of 14 Internet platforms, more significant substantive progress will be made by the end of this year. Next, it will continue to strive to create a better financial environment for the development of private economy. First, encourage banks to accelerate digital transformation. Second, continue to promote banking institutions to sink their service focus. Third, give full play to the potential of the securities market, private equity funds and angel funds, broaden the financing channels and channels of private enterprises, and make the financial supply better match the needs of enterprises in terms of financing cycle.
Industrial:
*NDRC conducted an investigation in ZCE, emphasizing strengthening supervision according to law and strictly investigating and dealing with malicious speculation of power coal futures by capital.
*NDRC has launched eight measures to promote key enterprises operating coal, electricity, oil and gas to ensure supply and stabilize prices. It said to study the implementation of intervention measures on coal prices in accordance with the law to promote the coal prices returning to a reasonable range.
*Ministry of Commerce and other 24 departments issued the "14th five year plan" for the development of service trade, which proposed that the high-quality development pattern of service trade would be fully established by 2035 and will relax market access in the service sector and expand foreign investment access. Moreover, the government will issue and implement the negative list of cross-border service trade of Hainan Free Trade Port.
*Block Trade Info
*Discount
- Bank of Jiangsu (600919 CH) saw 1 block trade worth 224 mn at 5.97 yuan per share, 2.45pct discount from last closing.
- Yihai Kerry Arawana (300999 CH) saw 3 block trade worth 108.5mn at 51.5/60.1yuan per share, 3.76/17.53(cny30mio)pct discount from last closing.
- Imeik (300896 CH) saw 21 block trade worth 193.7mn at 580.85/620.73yuan per share, 1.68/8(cny94mio)pct discount from last closing.
- Bank of Changsha (601577 CH) saw 1 block trade worth 112mn at 8yuan per share, 8.68pct discount from last closing.
- Chipscreen Biosci (688321 CH) saw 4 block trade worth 23.6mn at 35.76yuan per share, 13.2pct discount from last closing.
- Cdl Precision Tech (300686 CH) saw 4 block trade worth 50mn at 10.32yuan per share, 33.33pct discount from last closing.
*Premium
- Opt Machine Vision (688686 CH) saw 2 block trade worth 189mn at 377.86yuan per share, 0.71pct discount from last closing.
- Zhongji Innolight (300308 CH) saw 1 block trade worth 87mn at 38yuan per share, 13.7pct discount from last closing.
*Margin Trade
|
Total Margin Balance |
1.6998trillion |
Total Short Selling Balance |
163.6billion |
|
SH Margin Balance |
0.9027trillion |
SH Short Selling Balance |
102.0billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
601899 |
406mio |
510500 |
36.3mio |
|
600702 |
222mio |
688722 |
8.7mio |
|
600096 |
147mio |
510300 |
8.1mio |
|
600196 |
128mio |
515220 |
5.9mio |
|
600863 |
120mio |
512500 |
3.2mio |
|
SZ Margin Balance |
0.7971trillion |
SZ Short Selling Balance |
61.6billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300750 |
499mio |
002129 |
4.6mio |
|
300059 |
281mio |
000425 |
3.1mio |
|
002385 |
130mio |
159919 |
2.6mio |
|
002176 |
118mio |
300433 |
2.3mio |
|
000831 |
113mio |
000552 |
1.6mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
1.76 |
Northbound Net Cash Flow |
2.15 |
||
|
Southbound Net Cash Flow |
-0.48 |
Southbound Net Cash Flow |
-0.11 |
||
|
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 |
710 |
0.51 |
601919 |
351 |
1.38 |
|
002475 |
434 |
1.77 |
600958 |
241 |
2.37 |
|
600309 |
384 |
1.17 |
600519 |
223 |
0.10 |
|
601318 |
334 |
0.37 |
600196 |
200 |
1.55 |
|
600036 |
328 |
0.25 |
603986 |
185 |
1.86 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2111 |
74,701 |
-23,145 |
43,538 |
-5,220 |
47,279 |
-4,825 |
|
IF2112 |
25,220 |
-6,571 |
55,176 |
-1,191 |
68,617 |
-223 |
|
IF2203 |
8,541 |
-2,580 |
25,057 |
45 |
24,509 |
-176 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2111 |
49,292 |
-16,940 |
28,972 |
-4,448 |
30,852 |
-4,305 |
|
IH2112 |
19,612 |
-6,515 |
29,074 |
-270 |
36,684 |
-525 |
|
IH2203 |
5,177 |
-2,886 |
8,528 |
-397 |
11,364 |
-513 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2111 |
60,124 |
-16,727 |
53,126 |
-3,545 |
55,605 |
-3,026 |
|
IC2112 |
27,244 |
-4,371 |
74,033 |
-2,914 |
87,163 |
-3,088 |
|
IC2203 |
12,968 |
-4,420 |
57,768 |
-653 |
65,891 |
-910 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2111 |
94633 |
-29431 |
52885 |
1704 |
52586 |
1701 |
|
IO2112 |
10047 |
-6125 |
23920 |
386 |
25995 |
103 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
25,317 |
1,739 |
22,424 |
225 |
23,818 |
357 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
53,339 |
10,656 |
63,750 |
1,075 |
61,946 |
1,788 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
110,992 |
12,118 |
123,976 |
701 |
124,883 |
1,959 |
|
T2203 |
8156 |
-5413 |
9397 |
1264 |
9954 |
1319 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Rapeseed Meal |
RM201 |
2,632.0 |
+1.82% |
560,484 |
431,593 |
|
Glass |
FG201 |
2,346.0 |
+1.56% |
287,408 |
219,789 |
|
Soybean Meal |
m2201 |
3,267.0 |
+1.49% |
514,046 |
1,195,436 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Methanol |
MA201 |
3,475.0 |
-9.01% |
1,906,215 |
919,876 |
|
Coking coal |
jm2201 |
3,441.5 |
-8.99% |
71,773 |
96,957 |
|
Coke |
j2201 |
4,039.0 |
-8.99% |
89,932 |
79,397 |
* With the spread of energy crisis, especially for the crude oil surging sharply that most of commodities in Japan started to rise due to its high dependence on energy. The recent rise in most commodities seems to have broken the deflation situation in Japan for years.
* The December contract of WTI rose by 0.94%, quoted at $82.46/barrel. Likewise, Brent Oil went 0.97% higher to $85.15/barrel. According to Morgan Stanley, the expected price of Brent Oil for Q1 of 2022 has been raised to $95/barrel, and the long term price will be adjusted from $60/barrel to $70/barrel.
* For the night session on Oct 19, thermal coal, coking coal and cokes all dropped sharply over 8% to the price limit. Likewise, most of products in chemical and energy sector closed down, main contracts of methanol fell by 9.01%, EG down by 7.99%, PVC quoted 6.99% lower and soda ash closed with a 5.2% decrease. Crude oil slightly went down by 0.99%, quoted at 527.8 yuan/barrel, while iron ore up by 0.5%.
* LME metals mostly closed down with LME copper down 0.76% to $10,119/ton, LME zinc fell by 3.95% to $3,550.5/ton, LME nickel up by 0.37% to $20,070 / ton, LME aluminum down by 2.04% quoted at $3,103/ton, LME tin decreased by 0.14% to $37,760 / ton, lead fell by 0.59% to $2,364/ton.
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.
