DZ20220117

 

*Key points

 

Industrial Economy

*Jiushi magazine published major article by president Xi on expanding and stronger digital economy which pointed out to strengthen key breakthrough of key technology, accelerate construction of new type infrastructure and integrated development of digital economy and real economy.

*NDRC issued notice to promote consumption with 10 measures pointed out, including consumption demand on festival, ice, leisure, smart retail, green and housing.

 

Financials

*The Central Political and Legal Work Conference held suggested reinforcing the execution of legislation in fields of anti-monopoly, anti-speculation and anti-inappropriate competition with related laws and regulations to be optimized.

*The CSRC solicited public comments on the Interim Provisions on the Supervision of Important Money Market Funds with scope, standards and procedures clarified. Single fund meets the conditions of a net asset size greater than cny 200 bn or the number of investors greater than 50 mio shall be included in the assessment. Additional supervision requirement has been strengthened for risk prevention and control.

*CSRC officially started Delivery Versus Payment reform which to enhance safety of settlement system, attract entry of foreign capital and improve efficiency of fund use via cut of min payment of settlement fund provision.

*MIIT and other departments jointly issued guidance in promoting transfer of manufacturing industry in order with policy environment to be further optimized by 2025 and regional coordination to be strengthened.

*CBIRC issued administrative method on affiliated transaction of bank and insurance institutions with supervision to be strengthened to prevent risk of benefit transfer.

 

Co Focus

*Longi adjusted up official offering on single crystal silicon wafers by 2.4%-5.1%.

 

*Block Trade Info

 

*Discount

-CITIC Securities (600030 CH) saw 2 block trade worth 12mn at 25.03yuan per share, 0.00pct premium from last closing.

- Supcon Tech (688777 CH) saw 4 block trade worth 39mn at 66.58yuan per share, 6.44pct discount from last closing.

- Sunrise New Energy (002256 CH) saw 3 block trade worth 75mn at 3.97yuan per share, 7.03pct discount from last closing.

- Nce Power (605111 CH) saw 2 block trade worth 95mn at 158.09yuan per share, 1.5pct discount from last closing.

- Shinry Tech (300745 CH) saw 1 block trade worth 20mn at 65.8uan per share,1.5pct discount from last closing.

- Contemporary Amperex (300750 CH) saw 1 block trade worth 60mn at 565yuan per share, 2.15pct discount from last closing.
- Lianchuang Electronic (002036 CH) saw 2 block trade worth 74mn at 23.2yuan per share, 2.48pct 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 2.62%, quoted at $84.27/barrel, and the March contract of Brent surged by 2.19%, closed at $86.32/barrel. For the past week, the WTI Feb contract and Brent March contract shifted higher by 6.81% and 5.57% respectively.

* According to market analysis, there’s still great uncertainty in the trend of global crude oil prices due to the Covid-19 epidemic. Driven by the Omicron virus, global crude oil prices have not rebounded to the level in October 2021 yet.

* For the night session on January 14, commodity market mostly closed down with black series leading the downside, coke and coking coal futures dropped by 2.97% and 1.88% respectively. Iron ore shifted 1.59% lower and steel rebar fell slightly by 0.75%. Likewise, chemical and energy sector went downward as well, including LPG shrank by 3.05%, TSR 20 and natural rubber quoted lower by 1.62% and 1.23% respectively. In terms of agricultural products, rapeseed oil closed down with 1.25% decline, while cotton shifted higher with 0.75% increase.

* LME metals closed mixed with LME copper fell by 2.28% to $9,731.5/ton, LME zinc down by 0.79% to $3,535.5/ton, LME nickel went up by 0.22% to $22,225 ton, LME aluminum rose by 1.19% to $2,987/ton, LME tin shifted 0.2% lower to $40,430/ ton, while LME lead closed up with 0.7% increase at $2,374.5/ton.

 

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.