DZ20211223

*Key points

Financials

*Premier Li Keqiang pointed out to consolidate position of Hong Kong as global finance, trade and shipping centers for broader space of development. Construction of deepen cooperation zone in Hengqin-Guangdong-Macau to be promoted.

 

Industrial Economy

*The effective duration of sales price reduction of non-residential pipeline natural gas by Guangzhou development and reform committee to end earlier on Nov 30th, instead of planned Dec 31st, 2021 given tighten supply and surging energy price, according to announcement by Guangzhou Development.

*2021 Jan-Nov software income in total of cny 8.53tn, up 18.3% y/y with total revenue of cny 1.02bn, up 8.2% y/y, as data shown by MIIT.

*CPCAAUTO: daily retail sales of special passenger vehicles during the 3rd week in Dec of 67k units, down 8% y/y.

*MoC: retail price of pork in 6 major cities in Nov up 26.7% m/m and down 40% y/y.

Local News

*Shaoxing Shangyu city issued opinions in promoting work and production resumption of industrial enterprises with 62 firms resumed trading on Dec 22nd.

 

Co Focus

*CATL investigated two sites in Poland and is considering to build up battery plant worth euro 2bn, reported by Puls Biznesu.

*China Jushi (600176 CH): decline of electronic cloth in 2H 2021 is normal with overall co inventory remains at low level.

 

Dec 22th Block Trade

*Block Trade Info

*Discount

-Micro-Fabrication Equipment (688012 CH) saw 1 block trade worth 3mn at 105.54yuan per share, 19pct discount from last closing.

-Sinofibers Tech (300777 CH) saw 2 block trade worth 17mn at 45.07yuan per share, 20.54pct discount from last closing.

-Ping An Insurance (601318 CH) saw 4 block trade worth 27mn at 45.76yuan per share, 9,99 pct discount from last closing.

-Yango Group (000671 CH) saw 2 block trade worth 15mn at 3.3 yuan per share, 4.9 pct discount from last closing.

-Kingsemi Co (688037 CH) saw 1 block trade worth 33.6mn at 188.67 yuan per share, 1.5pct discount from last closing.

-Weichai Power (000338 CH) saw 1 block trade worth 20mn at 18.25yuan per share, 0.00pct discount from last closing.

-Sunlord Electronics (002138 CH) saw 1 block trade worth 67mn at 35yuan per share, 5.38pct discount from last closing.

-SAIC (600104 CH) saw 1 block trade worth 20mn at 20.65 yuan per share, 0.00pct discount from last closing.

 

Premium

- S.F. Holding (002352 CH) saw 3 block trade worth 184mn at 66.75 yuan per share, 0.00pct premium from last closing.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

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

* Global oil prices mostly went up with February contract of WTI rose by 2.69%, quoted at $73.03/barrel, and the March contract of Brent up by 2.24%, closed at $75.64/barrel. According to European central bank president, the tendency of energy prices is not favorable for economic recovery, inflation is expected to decline in 2022 and will be likely below 2% in 2023 and 2024.

* COMEX gold futures closed 0.89% higher at $1,804.7 per ounce. Likewise, COMEX silver shifted 1.38% higher to $22.84 per ounce. Specifically, the gold holding position of SPDR Gold Trust came to 973.63 tons, declined 4.94 tons (0.5%) compared to last trading day.

* For the night session on December 22, commodity market mostly closed up with black series leading the downside, iron ore and steel rebar fell by 2.51% and 0.83% respectively, thermal coal, coking coal and coke futures all closed down slightly. For chemical and energy sector, paper pulp fell by 2.52%, and methanol shifted 1.05% lower. In terms of agriculture, palm oil went up by 1.98%.

* LME metals mostly closed up with LME copper rose by 1.13% to $9,642/ton, LME zinc went up by 3.34% to $3,545/ton, and LME nickel went up by 1.76% to $19,960/ ton, LME aluminum rose by 2.47% to $2,822/ton, while LME tin fell by 0.22% to $38,600/ ton, lead shifted 1.18% higher to $2,322.5/ton.

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