DZ20220113

 

*Key points

 

Industrial Economy

*7 local cities have announced subsidy policy on house purchase via cash or tax reduction, mainly in less development cities under destocking pressure.

*National Health Commission issued plan of eye health during 14th FY which aims to cover over 90% on eye exams and cares among age 0-6 by 2025 with construction of eye medical service included in regional plan and to promote expansion/extended of qualified resources.

*The State Council issued development plan of digital economy during 14th FY which suggested the added value of digital economy core industry to account for 10% of GDP by 2025 with administration rules to be explored and set up.

*Senior officer in MIIT suggest measure to support accelerated development of NEV to be formulated along with exploration of lithium resource. Construction of charging facilities will be speed up and NEV proportion in public transportation will be improved.

*Brokers been required by supervision department to carry out distribution and custody business in standardized manner and to strengthen ability of risk prevention, Shanghai Securities Journal Reported.

 

*Block Trade Info

 

Discount

-Three Squirrels (300783 CH) saw 5 block trade worth 21mn cny at 35.13yuan per share, 11.04pct discount from last closing.

-CTaiji Computer (002368 CH) saw 3 block trades worth 7.1mn cny at 23.70yuan per share, 10.33pct premium from last closing.

-Hikvision (002415 CH) saw 3 block trades worth 6.5mn cny at 46yuan per share, 6.6pct discount from last closing.

-Walvax Biotechnology (300142 CH) saw 7 block trades worth 360mn cny at 60.05yuan per share, 0.56 pct discount from last closing.

 

Flat

-Midea (000333 CH) saw 1 block trade worth 9.3mn at 74.28 yuan per share, 0pct discount from last closing.

-Luzhou Laojiao (000568 CH) saw 1 block trade worth 19.8mn at 230.16 yuan per share, 0pct discount from last closing.

 

Premium

-Beijing Hezong Science&Tech (300477 CH) saw 1 block trade worth 6.9mn cny at 9.35yuan per share, 17.31pct 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):

 

* EIA: as of Jan 7, the US crude oil reserve decreased by 4550 thousand barrels, the lowest since Oct 2018. The growth of crude oil supply was lower than expectation. February NYMEX crude oil contract up 1.9%, to closed at $82.76/b, the highest in recent 2 months, March Brent contract up 1.24% to closed at $84.76/b, INE crude oil active contract up 2.16% to closed at 525.8 yuan/b.

* US December CPI rose 0.5% MoM and 7% YoY, hitting 40-yr high. COMEX gold active contract closed at $1825.7/oz (up 0.4%), SHFE gold active contract closed at 374.66 yuan/gram (up 0.55%).

* Metals mostly closed up. LME aluminum declined 0.84%, copper up 2.74%. SHFE aluminum down 0.32%, copper up 2.74%, bonded copper up 3.23%, tin rose 1.02%. Due to equipment overhaul of smelters, the approach of Spring festival and temporary production suspension led by environment protection measures, the output of refined tin declined sharply to 12,485 tons, down 21% YoY and 10% MoM respectively. The price of tin active contract continued bullish trend to stood above 320,000 yuan/ton threshold, refreshing history high.

* Commodity futures mostly closed up, Energy & chemistry futures performed strong, glass rose 3.57%, soda ash up 3.19%, EG up 2.04%. Black series rose collectively, coking coal rose 2.43%, iron ore up 2.05%. Agriculture futures mostly closed up, RBD palm olein up 1.48%, corn starch up 1.15%.

 

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