DZ20220121

 

*Key points

 

Financials

*Premier Li Keqiang held the 6th group meeting and said to well carry out work in Q1 for a good start of the year with supports to be enhanced for poverty alleviation and construction of major projects to be promoted.

 

Industrial Economy

*The State Council issued development plan of tourism industry during the 14th FY which suggest optimizing modern tourism system and consumption demand to be better satisfied with effective supply. Inbound tourism will be promoted at appropriate time under premise of safe pandemic prevention.

*Vice premier Han Zheng said to consolidate fundamental of high quality development with construction of large wind/ PV bases and clean utilization of coal to be promoted to ensure stable coal and power supply.

*The Ministry of Housing and Urban-Rural Development deploys key tasks in 2022 which emphasized to strengthen the regulation of the real estate market, maintain policy continuity and stability with coordination and accuracy to be enhanced for long-term effective mechanism. Delayed delivery of individual leading property firms to be regulated. Long-term house rental market to be developed with carbon peak plan in urban and rural construction fields to be issued.

*CBIRC formulated guidance on digital transformation of bank and insurance industry which pointed out to realize achievement by 2025 with widespread use of digital financial products and service.

 

Co Focus

*People inside Salt Lake (000792 CH) responded to rumors saying its withhold on sales that sales is relatively lower than capacity but within range of expectation, Securities Journal reported.

 

*Block Trade Info

 

*Discount

- Ping An Bank (000001 CH) saw 2 block trade worth 257mn at 15.3 yuan per share, 11.71pct discount from last closing.

- Cambricon Tech (688256 CH) saw 1 block trade worth 6mn at 85.92 yuan per share, 4.9pct discount from last closing.

- Juli Sling (002342 CH) saw 1 block trade worth 60mn at 30.55 yuan per share, 4.64pct discount from last closing.

- Haitian Flavouring (603288 CH) saw 3 block trade worth 76mn at 93.57yuan per share, 10pct discount from last closing.

- Pientzehuang (600436 CH) saw 1 block trade worth 8mn at 386.99uan per share,0.00pct discount from last closing.

- Chengtun Mining (600711 CH) saw 2 block trade worth 24mn at 9.12 yuan per share, 12.89pct discount from last closing.

- Wuxi Apptec Co (603259 CH) saw 1 block trade worth 21mn at 391yuan per share, 0.89pct discount from last closing.

- Arctech Solar Holding (688408 CH) saw 1 block trade worth 82mn at 103yuan per share, 12.44pct discount from last closing.

Premium

- Longi Green Energy (601012 CH) saw 1 block trade worth 22mn at 78.51yuan per share, 0.4pct 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 oil prices mostly went down with March contract of WTI fell by 1.54%, quoted at $84.48/barrel, and the March contract of Brent down by 1.31%, closed at $87.28/barrel. According to latest EIA report, the US SPR stock was reduced by 1.348 million barrels to 592 million barrels, declined 0.23% for the past week.

* COMEX gold futures closed lower at $1,839.8 per ounce, with 0.18% decline, while COMEX silver shifted 1.23% higher to $24.53 per ounce. Comparing to previous trading day, the gold holding position of SPDR came to 980.86 tons, decreased by 0.06%.

* For the night session on January 20, commodity market mostly closed up with black series leading the upside, iron ore closed 2.84% higher, coke and steel rebar went up by 1.05% and 0.85% respectively. With regards to chemical and energy sector, both soda ash and LPG rose more than 3%, fuel oil shifted 1.18% higher as well. In terms of agricultural products, soybean oil and rapeseed meal both closed up with more than 1% increase, while cotton fell slightly with 0.09% decrease.

* LME metals closed up with LME copper rose by 2.01% to $10,039/ton, LME zinc up by 2.53% to $3,672/ton, LME nickel went up by 3.01% to $23,850 ton, LME aluminum rose by 2.11% to $3,115/ton, LME tin shifted 1.85% higher to $43,690/ ton, and LME lead closed up with 0.47% increase at $2,374/ton.

 

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