DZ20220105

 

*Key points

Financials

*State Administration of Foreign Exchange to carry out cross-border trade investment in trial with high-level opening-up and to widen channels of corporate investment and financing. Self-borrowing of foreign debt is supported on medium small-micro high-tech enterprises within certain quota with QFLP and QDLP in trial to be carried out. Cross-border asset transfer business will be opened with caution.

 

Industrial Economy

*PBoC issued development plan of FinTech 2022-2025 which said to strengthen administration of FinTech with mutual-promoting digital biology to be constructed. Through supervision will be carried out with risk firewall to be consolidated.

*MIIT and 4 other departments issued action plan on innovative development of smart PV industry 2021-2025 which mentioned to promote roof smart PV system in qualified regions and solar roof system is encouraged on public buildings. Demonstration of distributed application of regional PV to be promoted in core of PV system and in response of energy storage and power demand.

*Gong Zheng, mayor of Shanghai held general conference today which pointed out to promote construction of charging facilities in Shanghai in joint force of social capital.

 

Co Focus

*China Mobile announced plan of H-shr repurchase by no more than 2.05bn shares, accounting for no more than 10% of total share outstanding.

 

*Block Trade Info

*Discount

- Zijin Mining (601899 CH) saw 1 block trade worth 16mn at 8.73yuan per share, 11.1pct premium from last closing.

- Zhengzhou Coal Industry (600121 CH) saw 3 block trade worth 39mn at 4.3yuan per share, 14.85pct discount from last closing.

- Changchun High-Tech (000661 CH) saw 1 block trade worth 6mn at 244.26yuan per share, 9.76pct discount from last closing.

- Century Huatong (002602 CH) saw 1 block trade worth 25mn at 8.5yuan per share, 0.35pct discount from last closing.

- Shandong Gold (600547 CH) saw 1 block trade worth 2.4mn at 16.94yuan per share, 10.42 pct discount from last closing.

- Sanqi Interactive Entertainment (002555 CH) saw 2 block trade worth 28mn at 26.21yuan per share, 6.89pct discount from last closing.

- Longi Green Energy (601012 CH) saw 1 block trade worth 7mn at 77.58yuan per share, 8.58pct discount from last closing.

- Giant Network (002558 CH) saw 4 block trade worth 21mn at 10.77 yuan per share, 17.15pct discount 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 1.49%, quoted at $77.21/barrel, and the March contract of Brent up by 1.60%, closed at $80.24/barrel. For the week of December 31, the API crude oil inventory decreased 6.43 million barrels, estimated 3.4 million barrels.

* According to statistics, 48 main futures products rose and 16 fell as of October 2021. Metals rose for 3 consecutive years, tin, aluminum and nickel all hit new highs since listing. Specifically, tin added 93.86%, compared to last year, leading the upside. While live hog dropped the most with 49.14% decline throughout the year.

* For the night session on January 4, commodity market mostly closed up with chemical and energy sector leading the upside, PTA rose by 3.34%, TSR 20 and soda ash quoted 1.94% and 1.54% higher respectively. Likewise, black series went up strongly for iron ore rose over 2%, and steel rebar shifted close to 2% higher. For agriculture, palm oil rose by 1.55%, while rapeseed meal closed down slightly with 0.17% decrease.

* LME metals mostly closed up with LME copper rose by 0.75% to $9,793/ton, LME zinc up by 1.25% to $3,578/ton, LME nickel went up by 1.39% to $21,045 ton, LME aluminum rose by 1% to $2,835.5/ton, LME tin shifted 0.87% higher to $39,200/ ton, while LME lead closed down with 0.26% decline at $2,298/ton.

 

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