DZ20220107

 

*Key points

Financials

*The State Council issued plan on comprehensive reform of factor market allocation which aimed to realize major breakthrough in key factors like land, labor, capital and technique. 1) Cash dividend is encouraged and to be guided on listed companies with right protection system to be optimized for investors. 2) Digital RMB is supported in multiple scenes. 3) Listing and financing of qualified tech firms is supported. 4) Market trading mechanism of power to be optimized under supports.

 

Industrial Economy

*CSRC: end-Nov property loan rise 8.4% y/y with reasonable housing purchase demand further satisfied.

*CPCAAUTO: total retail data of passenger vehicle in Dec reached 2.16mio units and around 69k units on daily basis, down 6% y/y and up 19% m/m, according to internal statistics.

*Ministry of Agriculture and Rural Affairs issued development plan of fishing industry during the 14th 5-year plan period which pointed out to achieve production of aquatic products of 69mio ton, marine capture yield under 10mio ton and output value of fishery of cny 1.5bn with output proportion of second-third industry over 54%.

*Cyberspace Administration of China emphasized to build up comprehensive administration system of network for high-quality development of information with national network security to be consolidated.

 

Co Focus

*Tongwei (600438 CH) said on the interactive platform that current capacity of battery slice has exceeded 40GW with total scale to over 55GW by end 2022.

 

*Block Trade Info

*Discount

- Zhengzhou Coal Industry (600121 CH) saw 1 block trade worth 13mn at 4.4yuan per share, 9.84pct premium from last closing.

- Yintai Gold (000975 CH) saw 5 block trade worth 28mn at 7.96yuan per share, 1.36pct discount from last closing.

- Industrial Bank (601166 CH) saw 1 block trade worth 10mn at 18.09yuan per share, 9.37pct discount from last closing.

- Wangfujing (600859 CH) saw 6 block trade worth 32mn at 25.38yuan per share, 9pct discount from last closing.

- Taiji Industry (600129 CH) saw 2 block trade worth 100mn at 22.91yuan per share, 13.74 pct discount from last closing.

- Sany Heavy Industry (600031 CH) saw 1 block trade worth 31mn at 22.66yuan per share, 4.99pct discount from last closing.

- Focused Photonics (300203 CH) saw 2 block trade worth 22mn at 24.66yuan per share, 7.85pct discount from last closing.

 

Premium

- Tianyu Eco-Environment (603717 CH) saw 1 block trade worth10mn at 13yuan per share, 1.88pct premium from last closing.

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

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

 

Commodities (night session):

 

* Global crude oil price continued to rise for 4-consecutive days, hitting new 7-weeks high. The turmoil in Kazakhstan and disruption of oil production in Libya boosted crude oil price. February NYMEX crude oil contract up 2.31%, to closed at $79.65/b, March Brent contract up 1.55% to closed at $82.05/b, INE crude oil active contract up 1.62% to closed at 513.1 yuan/b.

* Gold price saw largest decline in past 6 weeks, the FED’s hawkish stance on monetary policy imposed pressure on gold price. COMEX gold active contract closed at $1790.9/oz (down 1.87%), SHFE gold active contract closed at 368.86 yuan/gram (down 1.22%).

* Metals performed mixed. LME aluminum rose 0.27%, copper down 1.4%. SHFE aluminum up 1.02%, copper down 0.96%, bonded copper down 1.44%.

* Commodity futures saw diverge performance. Energy & chemistry sector performed strong, fuel oil rose 2.66%, bitumen up 2.65%, glass up 2.49%, EG rose 2.44%, soda ash up 2.25%. Black series mostly went down, coking coal declined 3.25%, coke down 1.18%, whereas iron ore rose 0.28%. Agriculture commodity futures mostly closed down as well, corn declined 0.52%, rapeseed meal down 0.44%.

 

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