DZ20211214
*Key points
Macro
*The National Development and Reform Work Conference was held on Dec 13th which emphasized development as major task with progress achieved in stability and to maintain economic operation within reasonable range. Construction of 102 major projects will be promoted and infrastructure investment to be carried out in advance at moderate level with social capital encouraged participating in project construction in transportation, logistics, bio-environment and social businesses. The supply, storage and sales system of energy will be strengthened with structural optimization under progress. Wind power and PV base stations will be construction and the supply insurance role of traditional energy will be played.
Industrial Economy
*As data shown by CAICT that domestic mobile phone delivery in Nov of 35.25mio units, up 19.2% y/y with 5G mobile phones accounts for 82.2% by 28.97mio units, up 43.9%.
Financials
*PBoC: personal mortgage loan balance of cny 38.1tn as of end-Nov with monthly gains of cny 401.3bn and up cny 53.2bn vs Oct gains.
Co Focus
*Sany Heavy Industry (600031 CH) saw Jan-Nov overseas sale of excavators exceeded 20k units with accumulated sales over cny 10bn, new record for domestic engineering machinery industry and it saw top market shares in 15 countries, Securities Journal reported.
*Reorganization details of Unisplendour group have been disclosed on Dec 13th and joint party by Beijing Zhilu and Beijing Jianguang asset management made the most cash contribution by cny 60bn as strategic investors, which to be used for debt payment, according to someone familiar with this matter.
*IPO application of China Mobile has been approved by CSRC with around cny 56bn to be raised, top 5 in A-shr mkt.
Dec 13th Block Trade
*Block Trade Info
*Discount
-Imeik Tech (300896 CH) saw 4 block trade worth 125mn at 585/597.79yuan per share, 4.1/2pct discount from last closing.
-Baoshan Iron & Steel (600019 CH) saw 1 block trade worth 9.5mn at 6.32 yuan per share, 10.73pct discount from last closing.
-Poly Developments (600048 CH) saw 1 block trade worth 5.6mn at 14.5 yuan per share, 0.00pct discount from last closing.
-Changshan Biochemical (300255 CH) saw 7 block trade worth 23mn at 5.87yuan per share, 19.48pct discount from last closing.
-Orient Gene Biotech (688298 CH) saw 3 block trade worth 34mn at 169.47yuan per share, 1.2pct discount from last closing.
-Goertek (002241 CH) saw 4 block trade worth 152mn at 54.53/54.83yuan per share, 5.00/4.49pct discount from last closing.
-Bloomage Biotech (688363 CH) saw 2 block trade worth 118mn at 156.3yuan per share, 11.19pct discount from last closing.
Premium
-Changchun High-Tech (000661 CH) saw 2 block trade worth 25mn at 303.76 yuan per share, 0.68pct premium from last closing.
-Wuliangye (000858 CH) saw 2 block trade worth 23.6mn at 251yuan per share, 0.51pct premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.7290trillion |
Total Short Selling Balance |
118.5billion |
|
SH Margin Balance |
0.9140trillion |
SH Short Selling Balance |
77.8billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600887 |
241mio |
601669 |
2.6mio |
|
600559 |
239mio |
601878 |
1.9mio |
|
603259 |
206mio |
601212 |
1.5mio |
|
600519 |
184mio |
688981 |
1.4mio |
|
600905 |
178mio |
601991 |
1.3mio |
|
SZ Margin Balance |
0.8150trillion |
SZ Short Selling Balance |
40.7billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
000723 |
233mio |
000425 |
1.6mio |
|
002756 |
213mio |
002434 |
1.3mio |
|
002594 |
163mio |
000728 |
658k |
|
002268 |
146mio |
000933 |
652k |
|
002466 |
112mio |
000967 |
534k |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
3.96 |
Northbound Net Cash Flow |
1.41 |
||
|
Southbound Net Cash Flow |
1.20 |
Southbound Net Cash Flow |
2.13 |
||
|
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 |
|
300059 |
1765 |
4.63 |
600519 |
463 |
0.18 |
|
601318 |
704 |
0.75 |
300750 |
358 |
0.24 |
|
600031 |
543 |
2.76 |
000001 |
347 |
0.97 |
|
000858 |
417 |
0.44 |
603288 |
303 |
0.64 |
|
600036 |
409 |
0.30 |
000723 |
291 |
4.69 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2112 |
105,794 |
20,272 |
59,959 |
-4,088 |
66,150 |
-3,067 |
|
IF2201 |
23,648 |
6,663 |
18,940 |
4,346 |
20,806 |
4,728 |
|
IF2203 |
39,158 |
10,918 |
52,929 |
3,076 |
64,888 |
3,295 |
|
IF2206 |
10,789 |
4,304 |
14,074 |
2,326 |
17,250 |
2,309 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2112 |
67,364 |
12,942 |
36,565 |
-1,991 |
39,872 |
-1,769 |
|
IH2201 |
13,675 |
5,889 |
9,756 |
2,872 |
10,540 |
3,278 |
|
IH2203 |
20,833 |
6,503 |
22,000 |
1,899 |
28,643 |
1,843 |
|
IH2206 |
7,213 |
3,651 |
8,886 |
1,185 |
12,350 |
1,375 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2112 |
71,918 |
6,343 |
59,122 |
-7,514 |
63,287 |
-8,312 |
|
IC2201 |
20,612 |
8,453 |
24,611 |
4,116 |
23,789 |
3,458 |
|
IC2203 |
22,453 |
1,454 |
62,291 |
950 |
77,729 |
1,138 |
|
IC2206 |
12,999 |
119 |
45,737 |
1,993 |
55,812 |
2,392 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2112 |
215091 |
70486 |
63345 |
-2810 |
69027 |
-3184 |
|
IO2201 |
75101 |
27596 |
44431 |
5626 |
41863 |
4589 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2203 |
21,873 |
-6,622 |
31,413 |
744 |
33,935 |
1,022 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2203 |
52,567 |
20,377 |
59,405 |
799 |
65,903 |
1,319 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2203 |
118,651 |
33,720 |
110,119 |
2,228 |
117,902 |
578 |
*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 |
2,047.0 |
+4.68% |
22,200 |
35,215 |
|
Coke |
j2205 |
2,989.5 |
+2.84% |
13,299 |
31,073 |
|
PVC |
v2205 |
8,321.0 |
+2.84% |
403,147 |
270,849 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
No.2 Soybeans |
b2201 |
4,159.0 |
-1.38% |
9,061 |
19,431 |
|
Fuel Oil |
fu2205 |
2,658.0 |
-1.12% |
169,980 |
264,230 |
|
Rapeseed Oil |
oi205 |
11,933.0 |
-1.09% |
117,840 |
174,579 |
Commodities (night session):
* Global crude oil price declined collectively. January NYMEX crude oil contract down 0.75% to closed at $71.13/b, February Brent contract down 1.16% to closed at $74.28/b, INE crude oil active contract down 0.97% to closed at 469.5 yuan/b.
* COMEX gold active contract closed at $1787.4/oz (up 0.15%). SHFE gold active contract closed at 368.84 yuan/gram (up 0.27%).
* Metals mostly closed up. LME aluminum up 1.98%, copper down 0.44%. SHFE aluminum up 2.01%, copper down 0.66%.
* Commodity futures mostly closed up. Energy & chemistry sector saw diverge performance, PVC rose 2.84%, LLDPE went up 2.39%, fuel oil down 1.12%, bleached softwood kraft pulp down 1.02%. Black series rose collectively, coking coal up 4.68%, coke up 2.84%, iron ore up 2.29%. Agriculture commodity futures mostly closed down, No.2 soybeans down 1.38%, rapeseed oil down 1.09%.
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.
