DZ20211122
*Key points
Regulator
*Shanghai Stock Exchange issued guidance on self-discipline supervision of listed firms on Nov 19th which further refined deduction of operation income from financial market exit indicators, aiming at shell companies incapable of continuous operation.
Financial News
*The central bank issued the 3Q China monetary policy execution report and said that China shall adhere to prudent monetary policy for the next stage, which should be flexible, precise, reasonable and moderate, with me as the main with relationship between economic development and risk prevention well handled, cross-cycle adjustment well implemented and overall stability to be maintained. Current real estate market risk is manageable with trend of healthy development to remain unchanged. Connection of macro policies shall be coordinated and serving real economy shall be emphasized.
*National public budget income in Jan-Oct of cny 18.2tn, up 14.5% y/y and stamp tax of cny 380bn, up 36.4% y/y, among which stamp tax for security trading of cny 244.6bn, up 43.2% y/y, according to MoF.
*Premier Li Keqiang pointed out in seminar with scholars that stable power supply shall be ensured with related policies well implemented. Targeted measures will be taken on economic adjustment with pressure to be eased on commodity price transmission.
*Vice Premier Liu He said on the 2021 World Manufacturing Convention that manufacturing as the "ballast stone" play an essential role for economic growth and employment. Industrial competitiveness and labor productivity shall be strengthened with financial and credit support from financial institutions to be enhanced to ensure reasonable fund needs.
*CSDCC: China Oct new investors of 980.7k, down 12.45% y/y with end-term investor balance of 194.7mio, up 11.49% y/y.
Industrial Economy
*Some national bank has denied rumors which said no guidance price are needed for second-hand housings in Guangzhou that it is because the sales price has been lower than guidance price.
Co Focus
*Anjoy Food (603345 CH) said on the interactivr platform that company to cut promotion on some products with price upward adjustment on wholesale price given rising cost.
*Block Trade Info
*Discount
*China Resources Microelectronics (688396,CH) saw 1 block trade worth 23.22 mn at 51.60 yuan per share, 20.86 discount from last closing.
*TF Securities (601162,CH) saw 2 block trade worth 14.08 mn at 3.52 yuan per share, 10.66 discount from last closing.
*Sokon Industry (601127,CH) saw 2 block trade worth 1524.75 mn at 56.06 yuan per share, 9.73 discount from last closing.
*Transsion Holdings (688036,CH) saw 12 block trade worth 414.40 mn at 160.87 yuan per share, 4.81 discount from last closing.
*SMIC (688981,CH) saw 5 block trade worth 153.54 mn at 52.40 yuan per share, 4.21 discount from last closing.
*Salt Lake Industry (000792,CH) saw 1 block trade worth 88.04 mn at 27.68 yuan per share, 1.46 discount from last closing.
*Milkground Food (600882,CH) saw 1 block trade worth 243.06 mn at 54.96 yuan per share, 0.05 discount from last closing.
*Flat
*PIEN TZE HUANG (600436,CH) saw 1 block trade worth 18.95 mn at 447.58 yuan per share, flat from last closing.
*Premium
*Yili Industrial Group (600887,CH) saw 12 block trade worth 148.92 mn at 41.20 yuan per share, 0.86 premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.7003trillion |
Total Short Selling Balance |
135.7billion |
|
SH Margin Balance |
0.8970 trillion |
SH Short Selling Balance |
85.0 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
601012 |
197mio |
688425 |
2.42mio |
|
600111 |
143mio |
601916 |
1.50mio |
|
600031 |
139mio |
601211 |
1.34mio |
|
688599 |
119mio |
601985 |
1.22mio |
|
600763 |
92.9mio |
600010 |
1.15mio |
|
SZ Margin Balance |
0.8034trillion |
SZ Short Selling Balance |
50.6billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
002405 |
248mio |
000728 |
5.05mio |
|
002056 |
190mio |
002142 |
4.19mio |
|
000776 |
140mio |
000783 |
3.51mio |
|
300059 |
125mio |
300058 |
2.59mio |
|
000333 |
99.9mio |
002011 |
1.75mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
3.92 |
Northbound Net Cash Flow |
4.36 |
||
|
Southbound Net Cash Flow |
0.68 |
Southbound Net Cash Flow |
0.60 |
||
|
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 |
1425 |
0.98 |
300059 |
499 |
1.39 |
|
600519 |
938 |
0.42 |
300782 |
337 |
3.33 |
|
002241 |
652 |
3.83 |
600104 |
252 |
1.04 |
|
002352 |
414 |
1.29 |
000651 |
201 |
0.95 |
|
000858 |
400 |
0.49 |
002459 |
198 |
1.31 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2111 |
23,513 |
-25,494 |
0 |
-7,211 |
0 |
-7,274 |
|
IF2112 |
101,421 |
26,068 |
78,978 |
5,874 |
92,890 |
7,426 |
|
IF2203 |
16,235 |
4,315 |
38,422 |
2,446 |
41,698 |
2,871 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2111 |
19,015 |
-13,419 |
0 |
-7,058 |
0 |
-5,735 |
|
IH2112 |
72,965 |
25,050 |
51,584 |
7,517 |
58,702 |
9,167 |
|
IH2203 |
11,000 |
2,095 |
12,947 |
908 |
16,370 |
1,038 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2111 |
19,704 |
-24,388 |
0 |
-7,209 |
0 |
-6,445 |
|
IC2112 |
84,055 |
15,893 |
107,260 |
6,716 |
120,296 |
7,337 |
|
IC2203 |
18,321 |
3,543 |
61,612 |
150 |
71,121 |
976 |
|
IC2206 |
12,260 |
1,361 |
29,820 |
217 |
33,677 |
444 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2111 |
152213 |
3078 |
0 |
-28746 |
0 |
-28783 |
|
IO2112 |
121905 |
33887 |
66178 |
5563 |
68635 |
4625 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
19,981 |
-1,420 |
11,438 |
-1,925 |
11,889 |
-2,385 |
|
TS2203 |
19,584 |
5,839 |
19,912 |
1,578 |
22,171 |
2,517 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
46,731 |
7,277 |
25,798 |
-4,641 |
27,626 |
-6,509 |
|
TF2203 |
45,061 |
13,241 |
49,296 |
5,307 |
55,157 |
6,618 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
106,293 |
18,106 |
37,798 |
-12,953 |
39,733 |
-14,881 |
|
T2203 |
142,468 |
58,746 |
100,279 |
15,969 |
107,540 |
13,577 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Coke |
j2201 |
2,890.0 |
+4.65% |
9,748 |
21,118 |
|
Hot-rolled Coil |
hc2201 |
4,554.0 |
+4.31% |
512,034 |
459,878 |
|
Thermal Coal |
zc201 |
872.0 |
+4.01% |
5,087 |
19,354 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Low Sulfur Fuel Oil |
lu2202 |
3,618.0 |
-2.43% |
38,251 |
47,175 |
|
Fuel Oil |
fu2201 |
2,801.0 |
-1.99% |
261,736 |
192,866 |
|
Crude Oil |
sc2201 |
490.1 |
-1.96% |
137,897 |
33,102 |
Commodities (night session):
* Global crude oil price went down collectively. December NYMEX crude oil contract down 3.48% to closed at $75.68/b, January Brent contract down 3.43% to closed at $78.45/b, INE crude oil active contract quoted 1.96% lower to closed at 490.1 yuan/b.
* COMEX gold futures closed at $1851.60/oz (down 0.5%). SHFE gold active contract closed at 381.5 yuan/gram (down 0.47%).
* Metals mostly went up. LME aluminum up 2.56%, copper up 2.22%, zinc up 2.18%. SHFE aluminum up 3.36%, bond up 1.70%, bonded copper up 2.02%, zinc up 2.19%.
* Commodity futures mostly closed up. Energy & chemistry sector saw strong performance, with methanol rose 3.63%, natural rubber up 2.98%, soda ash up 2.94%, EG up 2.9%, glass up 2.76%. Black series all closed up, coke surged 4.65%, hot-rolled coil rose 4.31%, thermal coal up 4.01%, iron ore up 4%, steel rebar up 3.97%. Agriculture commodity futures mostly closed down, No.1 soybeans wen down 1.04%, white sugar down 0.82%.
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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
