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%.
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.
