DZ20211124

*Key points

Financial News

*The State Council approved the high quality development plan for foreign trade during the 14th 5-year plan period and plans to promote high-level opening-up following the mainstream of deepen structural reform at the supply side.

*Credit Agricole said in prospect of 2022 that inflation to rise in short of investment in traditional economic fields, position of Chinese asset will move up in world portfolios and RMB shall become a store of value.

Industrial Economy

*CPCAAUTO: China automobile manufacturing sector saw operation income in Jan-Sept of cny 6.2tn, up 11.3% y/y and profit of cny 379.97bn, up 1.2% y/y with revenue margin of 6.2%.

*The price ratio between pork and grain was 6.69:1 during Nov 15th to 19th and above 6:1 for 3 weeks in a row, according to NDRC and has exited alert range for excessive decline.

Co Focus

*MIIT and MPS have talks with Ali Cloud and Baidu Cloud on large access of fraud-related websites and requested rectification of related issues.

*Block Trade Info

*Discount

-iMeike (300896,CH)saw 1 block trade worth 46.96 mn at 30.40 yuan per share, 20.06 discount from last closing.

-TF Securities (601162,CH) saw 1 block trade worth 17.95 mn at 3.96 yuan per share, 9.34 discount from last closing.

-SF Holdings (002352,CH) saw 1lock trade worth 81.00 mn at 60.00 yuan per share, 8.54 discount from last closing.

-XCMG (000425,CH) saw 3 block trade worth 13.00 mn at 5.57 yuan per share, 8.39 discount from last closing.

-Transsion Holdings (688036,CH) saw 10 block trade worth 180.71 mn at 164.28 yuan per share, 5.56 discount from last closing.

-Inovance Tech (300124,CH) saw 1 block trade worth 40.70 mn at 65.65 yuan per share, 5.01 discount from last closing.

-SMIC (688981,CH) saw 4 block trade worth 143.44 mn at 53.32 yuan per share, 2.90 discount from last closing.

-National Silicon Industry Group (688126,CH)saw 1 block trade worth 58.16 mn at 29.08 yuan per share, 1.49 discount from last closing.

*Flat

-Seazen Holdings (601155,CH) saw 1 block trade worth 15.60 mn at 33.21 yuan per share, flat from last closing.

 

-LONGI (601012,CH) saw 1 block trade worth 16.70 mn at 92.78 yuan per share, flat from last closing.

-CATL (300750,CH) saw 2 block trade worth 53.42 mn at 672.00 yuan per share, flat from last closing.

-BAIC BluePark New Energy Technology (600733,CH) saw 1 block trade worth 63.65 mn at 12.73 yuan per share, flat from last closing.

 

*Premium

-Centre Testing International Group (300012,CH) saw 2 block trade woorth 65.35 mn at 31.12 yuan per share, 23.25 premium from last closing.

*Margin Trade

Total Margin Balance

1.7149trillion

Total Short Selling Balance

134.9billion

SH Margin Balance

0.9041 trillion

SH Short Selling Balance

84.3 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

600010

342mio

600010

5.06mio

600418

254mio

601162

4.46mio

600031

222mio

601989

3.37mio

600499

162mio

600016

3.16mio

600900

135mio

601005

1.79mio

SZ Margin Balance

0.8107trillion

SZ Short Selling Balance

50.5billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

000831

266mio

000425

2.13mio

300014

199mio

002736

1.91mio

002460

138mio

000629

1.89mio

002415

130mio

301089

1.02mio

002304

129mio

300433

0.98mio

*Connection Trade

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

2.59

Northbound Net Cash Flow

2.62

Southbound Net Cash Flow

-0.80

Southbound Net Cash Flow

-0.76

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

1056

0.67

600887

670

2.74

600519

991

0.43

600010

456

3.84

002709

365

2.84

002271

328

3.10

300059

304

0.82

300014

272

1.03

603799

302

1.89

601600

247

2.73

*Index Futures

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2112

66,468

-10,220

73,508

39

87,095

-347

IF2203

12,779

-76

38,769

917

42,015

935

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2112

50,633

2,969

47,643

58

53,375

-631

IH2203

9,128

1,182

13,343

971

17,385

1,088

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2112

53,652

-11,627

101,406

-2,172

113,204

-2,925

IC2203

12,831

-2,717

59,550

-351

70,202

-31

IC2206

6,497

-1,121

30,317

399

34,673

549

*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2112

87925

-15696

70841

1677

73973

1815

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2112

2,523

-2,873

9,253

-596

9,327

-651

TS2203

11059

-347

20926

489

23479

460

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2112

14,895

-7,042

19,967

-1,874

20,306

-2,257

TF2203

49323

5270

55489

1738

61349

-4

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2112

23,861

-12,517

29,118

-4,121

28,876

-4,481

T2203

99769

2106

107476

1075

115115

-654

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

Top 3 Gainers (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Coking Coal

JM2201

2,008.5

+5.05%

14,980

33,344

Crude Oil

SC2201

512.3

+4.3%

121,717

35,447

Low Sulfur Fuel Oil

LU2202

3,696.0

+3.07%

38,724

45,472

Top 3 Loser (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Silver

AG2112

4,842.0

-3.45%

377,181

244,529

LPG

PG2201

4,541.0

-2.45%

52,424

73,866

Ethenylbenzene

EB2201

8,050.0

-2.32%

136,072

133,316

* The December contract of WTI rose by 2.28%, quoted at $78.5/barrel. Likewise, Brent Oil went 3.21% higher to $82.26/barrel. For the week of November 19, the weekly API crude oil inventory increased 2.3 million barrels, decreased 950 thousand barrels than expected, while the last added 655 thousand barrels.

* COMEX gold futures closed 0.93%% lower at $1,789.5 per ounce. Likewise, COMEX silver closed down as well with a 2.64% decline, quoted at $23.655 per ounce. Gold and sliver plummeted again on Tuesday (November 23), selling dominates with gold fell below $1,800 per ounce, and the market is awaiting a long signal at this point.

* For the night session on Nov 23, black series rallied with coking coal went up by 5.05%, iron ore increased 1.97%, coke and thermal coal shifted 1.49% and 1.31% higher respectively. Regarding chemical and energy sector, fuel oil added 2.9%, methanol increased more than 2%, while LPG closed down with 2.45% decline. In addition, palm oil quoted 1.95% lower, fell the most within the agriculture sector.

* LME metals closed mixed with LME copper rose 0.03% to $9,729/ton, LME zinc down by 1.42% to $3,301/ton, LME nickel up by 0.36% to $20,410/ ton, while LME aluminum went down by 0.63% quoted at $2,672.5/ton, LME tin went up by 0.37% to $38,960/ ton, while lead fell by 0.29% to $2,253/ton.

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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