DZ20211206
*Key points
Macro
*Premier Li Keqiang held video conference with Kristalina Georgieva, CEO of IMF and said to implement stable macro policy, maintain reasonable/abundant liquidity and carry out RRR cut at appropriate time with support on real economy to be strengthened.
China-U.S. Relationship
*Lowering tariffs imposed by the former Trump administration on Chinese goods could help ease some inflationary pressures, US Treasury Secretary Janet Yellen has said.
Industrial Economy
*Fang Xinghai, vice chairman of CSRC said to support expansion of financing channels of futures companies with listing of qualified leading firms encouraged.
*CSRC: related policies in promoting standard development of platform economy has no necessary connection with overseas listing of enterprises.
Co Focus
*PBoC said the Evergrande risk was due to inappropriate operation and blind expansion with no impact on market normal financing in the mid-long term.
*CATL new energy industry project hold grand-breaking ceremony on Dec 4th in total investment of cny 32bn and plans on phase 1 product launch in 2023 with full production to be realized in 2025 and to supply battery positive materials for over 4mio units of NEV.
*Block Trade Info
*Discount
-Supcon Technology (688777 CH) saw 1 block trade worth 32.6mn at 65.16 yuan per share, 19.35pct discount from last closing
-SMIC (688981 CH) saw 1 block trade worth 59mn at 53.93yuan per share, 2pct discount from last closing.
-Gigadevice Semiconductor (603986 CH) saw 4 block trade worth 190mn at 169.43yuan per share, 4pct discount from last closing.
-Weichai Power (000338 CH) saw 1 block trade worth 20mn at 17.55 yuan per share, 0.00pct discount from last closing.
-Cnano Technology (688116 CH) saw 5 block trade worth 65mn at 155 yuan per share, 5.48pct discount from last closing.
Premium
-Ping An Insurance (601318 CH) saw 1 block trade worth 8mn at 52yuan per share, 6.14pct premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.7231trillion |
Total Short Selling Balance |
121.1billion |
|
SH Margin Balance |
0.9074trillion |
SH Short Selling Balance |
78.7billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
601669 |
272mio |
510300 |
5.74mio |
|
601919 |
237mio |
600900 |
2.98mio |
|
603799 |
138mio |
512660 |
2.85mio |
|
600711 |
126mio |
512800 |
2.64mio |
|
600905 |
110mio |
512170 |
2.55mio |
|
SZ Margin Balance |
0.8157trillion |
SZ Short Selling Balance |
42.4billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
000591 |
251mio |
000783 |
2.6mio |
|
002600 |
223mio |
002249 |
1.94mio |
|
300623 |
195mio |
000708 |
1.71mio |
|
002326 |
162mio |
300017 |
1.42mio |
|
300274 |
131mio |
002195 |
1.34mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
6.23 |
Northbound Net Cash Flow |
3 |
||
|
Southbound Net Cash Flow |
0.76 |
Southbound Net Cash Flow |
0.26 |
||
|
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 |
|
603986 |
941 |
8.98 |
600522 |
412 |
7.58 |
|
600436 |
378 |
1.41 |
002594 |
327 |
0.92 |
|
000568 |
356 |
1.03 |
600438 |
225 |
1.09 |
|
603501 |
353 |
1.53 |
300059 |
177 |
0.59 |
|
300750 |
325 |
0.23 |
600276 |
155 |
0.5 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2112 |
90,819 |
15,453 |
71,085 |
-2,065 |
79,898 |
-2,514 |
|
IF2203 |
16,920 |
3,626 |
42,487 |
768 |
49,119 |
705 |
|
IF2206 |
4,054 |
694 |
9,855 |
-2 |
11,749 |
85 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2112 |
55,602 |
4,758 |
42,493 |
-2,589 |
48,683 |
-1,889 |
|
IH2203 |
10,735 |
385 |
16,341 |
133 |
20,511 |
168 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2112 |
72,335 |
-3,510 |
86,363 |
-4,671 |
96,435 |
-4,896 |
|
IC2201 |
6,472 |
-1,840 |
11,415 |
531 |
10,610 |
824 |
|
IC2203 |
15,753 |
-2,847 |
60,100 |
-457 |
73,744 |
86 |
|
IC2206 |
13,109 |
2,328 |
37,444 |
675 |
45,586 |
1,987 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2112 |
142216 |
42900 |
77790 |
-729 |
83224 |
-1240 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
90 |
-74 |
745 |
-6 |
745 |
-6 |
|
TS2203 |
15858 |
-6884 |
26649 |
-144 |
28412 |
-325 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
172 |
-24 |
3,746 |
-792 |
3,746 |
-792 |
|
TF2203 |
41147 |
194 |
58948 |
-1268 |
64395 |
-3537 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
294 |
91 |
490 |
-34 |
490 |
-34 |
|
T2203 |
108452 |
2125 |
115172 |
-4050 |
125041 |
-1591 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Coking Coal |
JM2205 |
1,986.0 |
+4.22% |
17,771 |
26,571 |
|
Coke |
J2205 |
2,860.0 |
+3.7% |
11,020 |
24,149 |
|
Iron Ore |
I2205 |
628.0 |
+3.63% |
382,901 |
466,031 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Lead |
PB2201 |
14,920.0 |
-1.91% |
52,107 |
46,729 |
|
Glass |
FG201 |
1,933.0 |
-1.18% |
155,569 |
193,463 |
|
TSR 20 |
NR2202 |
11,375.0 |
-1.13% |
11,566 |
25,451 |
* Global oil prices closed mixed with January contract of WTI fell slightly by 0.42%, quoted at $66.22/barrel, while the February contract of Brent went up by 0.26%, closed at $69.85/barrel. Overall, main contracts of WTI and Brent shifted 2.83% and 2.43% lower respectively.
* Last week, SPDR gold positions decreased by 0.85% to 984.38 tons, a decrease of 1.79 tons from the previous trading day, the cumulative decrease for the week was 8.47 tons or 0.85%.
* For the night session on December 3, commodity market mostly closed up with chemical and energy sector rose strongly, methanol rose by 3.44%, fuel oil shifted 3.16% higher and PVC rose over 2%. Likewise, black series all went up includes coking coal rose over 4%, coke and iron ore both closed up with more than 3% increase. In addition, palm oil closed up as well and quoted 3.36% higher.
* LME metals mostly closed up with LME zinc rose by 0.37% to $3,157.5/ton, LME nickel went up by 0.61% to $20,075/ ton, and LME aluminum went up by 0.62% quoted at $2,616/ton, LME tin rose by 0.55% to $39,200/ ton, while copper and lead fell by 0.86% and 2.66% to $9,417/ton and $2,196.5/ton respectively.
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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.
