DZ20211109

*Key points

Financials

*According to the China Securities Journal, the regulatory authority is working on measures to further expand opening-up of capital market in futures and commodities market with connect mechanism to be optimized.

*The regulatory requires non-standard financing purposes of some joint-stock banks shall not be used for registered capital, registered capital verification, equity investment, equity expansion and stock investment, a move to further tighten financing conditions of urban investment and real estate.

Industrial Economy

*The central bank created the carbon emission reduction support tool to support the development of key areas such as clean energy, energy conservation and environmental protection, carbon reduction technology with more social funds driven to promote carbon reduction in a steady and precise manner. Low-cost funds (1.75% to cover 60% of principal) will be provided to financial institutions and to guide carbon reduction loans to all types of enterprises in the key areas without discrimination with the loan interest rate roughly the same as the market quote rate (LPR).

*The carbon emission reduction support tools focus on supporting wind power generation, solar energy utilization, biomass energy utilization, pumped storage, hydrogen energy utilization, geothermal energy utilization, marine energy utilization, heat pumps, efficient energy storage (including electrochemical energy storage), smart grid, large-scale wind power photovoltaic source network load storage integration projects, household distributed photovoltaic county promotion, cross-regional clean power transmission system, emergency backup and peak power supply.

*The 2021 national health care talks will begin on Nov 9th to Nov11th with PD-1 remains to be the focus and about 20 domestic innovative drugs to be under initial negotiations, including pricing CAR-T therapy and ADC drugs, Securities Journal reported.

*Retail sales of NEV in Oct of 321k, up 141% y/y and down 3.9% m/m with retail sales of passenger vehicles down by 14.1% y/y, according to CPCAA.

Co Focus

*CATL has signed strategic contract with Nezha automobile and CATL to participate in the latter D2 round of financing with cooperation to be carried out in tech R&D and supply chain security.

*GoerTek Inc. announces to spin off the micro-electronics unit Goermicro and list it on ChiNext board of Shenzhen stock exchange.

 

*Block Trade Info

*Discount

-Imeik (300896 CH) saw 1 block trade worth 11.16 mn at 558.00 yuan per share, 2.77 discount from last closing.

-PIEN TZE HUANG (600436 CH) saw 1 block trade worth 27.87 mn at 416.00 yuan per share, 1.96 discount from last closing.

-Salt Lake Industry (000792 CH) saw 2 block trade worth 62.37 mn at 225.00 yuan per share, 1.46 discount from last closing.

-KWEICHOW MOUTAI (600519 CH) saw 1 block trade worth 34.21 mn at 25.40 yuan per share, 0.24 discount from last closing.

*Flat

-LuxShare (002475 CH) saw 1 block trade worth 158.73 mn at 40.70 yuan per share, flat from last closing.

*Premium

-SMIC (688981 CH) saw 2 block trade worth 42.23 mn at 59.20 yuan per share, 5.70 premium from last closing.

*Margin Trade

Total Margin Balance

1.6928trillion

Total Short Selling Balance

141.9billion

SH Margin Balance

0.8969trillion

SH Short Selling Balance

88.5billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

600010

370mio

512880

4.6mio

600111

266mio

600010

2.8mio

600809

169mio

601899

2.7mio

600141

139mio

601939

1.7mio

600276

132mio

601668

1.6mio

SZ Margin Balance

0.7959trillion

SZ Short Selling Balance

53.4billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

002466

404mio

159949

1.8mio

000858

171mio

000723

1.3mio

002202

170mio

301082

1.2mio

000762

169mio

002004

994k

000001

164mio

002573

847k

*Connection Trade

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

0.77

Northbound Net Cash Flow

-1.77

Southbound Net Cash Flow

-0.38

Southbound Net Cash Flow

-1.15

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

600104

491

1.85

600276

520

1.57

300750

414

0.28

002594

436

0.48

300014

368

1.71

300450

384

2.91

300347

330

2.60

002821

312

3.43

002460

291

1.25

300207

311

4.09

*Index Futures

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2111

69,058

-5,008

43,808

-1,139

45,735

-1,052

IF2112

22,955

-10

52,938

534

63,867

477

IF2203

6,378

718

32,470

356

34,817

575

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2111

45,698

-2,196

33,442

443

34,745

731

IH2112

16,654

342

28,677

324

36,355

235

IH2203

6,190

1,284

9,792

390

12,840

216

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2111

60,572

-4,760

49,635

-2,973

52,675

-4,109

IC2112

29,058

-1,516

78,999

-343

87,542

-171

IC2203

12,547

650

58,877

-414

66,612

-120

IC2206

10,428

1,984

18,377

2,743

19,497

2,330

*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2111

108889

-11859

70696

1382

72682

1113

IO2112

21435

2455

37456

1233

40674

1528

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2112

32,585

-5,620

19,440

-1,270

22,815

-700

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2112

49,131

-7,279

59,829

-1,415

62,379

-331

TF2203

13,520

4,056

15,949

3,793

17,525

4,149

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2112

84,234

-15,718

107,505

-2,140

107,906

-1,731

T2203

20,816

636

30,241

3,077

31,893

4,032

 

*Night Session Commodities Market (As of 02:30 am)

Top 3 Gainers (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

PVC

v2201

8,620.0

+2.44%

766,630

323,047

Silver

ag2112

5,013.0

+1.29%

232,123

337,696

Aluminum

al2112

19,195.0

+1.27%

131,112

190,143

Top 3 Loser (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Bitumen

bu2112

2,942.0

-3.03%

301,487

200,321

Ethenylbenzene

eb2112

9,055.0

-1.59%

108,814

78,377

Thermal Coal

zc201

926.8

-1.51%

6,065

23,430

 

Commodities (night session):

* The pass of US infrastructure bill and the uplift of Saudi Arabia’s oil export price has boosted the price of crude oil. December NYMEX crude oil contract rose 1.16% to closed at $82.21/b, December Brent contract rose 1.11% to closed at $83.66/b, INE curede oil active contract quoted 0.82% higher to closed at 526.5 yuan/b.

* COMEX gold futures closed at $1826/oz (up 0.51%). SHFE gold active contract closed at 377.36 yuan/gram (up 0.76%).

* Metals closed up collectively. LME aluminum went up 1.7%, copper up 1.51%, zinc up 1.9%. SHFE aluminum up 1.27%, copper up 1.06%, bonded copper up 1.23%, zinc up 1.22%.

* Commodity futures mostly closed up. Energy & chemistry sector saw strong performance, with PVC rose 2.44%, PTA up 1.11%. Black series mostly closed down, thermal coal went down 1.51%, coking coal down 1.41%, coke down 1.11%. Agriculture commodity futures mostly closed up, RBD palm olein rose 1.23%, corn starch up 1.12%.

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.