DZ20220124
*Key points
Financials
*Premier Li Keqiang suggests maintaining continuity and stability of macro policies, enforce policy strength with interval and targeted regulation emphasized. Combined large-scale tax and fee reduction policy will be implemented with no flooding to maintain reasonable and sufficient liquidity and to reduce the financing costs of enterprises for supports of real economy.
*PBoC announced to cut three types of SLF rate by 10bp from Jan 17th.
*China new investors in Dec 2021 of 1.37mio, up 2.71% m/m, according to CSDCC.
Industrial Economy
*NDRC issued guidance to accelerate system construction of waste recycling use which aims to build up waste recycling network and over 1k green sorting centers by 2025 in 60 cities.
*Gong Zheng, mayor of Shanghai said to form up NEV development highland in accelerated pace with opinions to be issued recently to promote construction of charging facilities, technique development and standard formulation.
Co Focus
*BYD announced to adjust up official guidance price of some NEV types by 1k-7k yuan respectively for rising cost of raw materials and subsidy falloff, to take effect from Feb 1st.
*Block Trade Info
*Discount
- Apptec Co. (603259 CH) saw 1 block trade worth 20mn at 107.69 yuan per share, 0.00pct discount from last closing.
- Yijiahe Tech (603666 CH) saw 3 block trade worth 130mn at 67.57yuan per share, 5pctdiscount from last closing.
- Pylon Tech (688063 CH) saw 3 block trade worth 62mn at 120 yuan per share, 21.31pct discount from last closing.
- Midea Group (000333 CH) saw 2 block trade worth 21mn at 77.41yuan per share, 0.00 discount from last closing.
- Luxshare Precision (600363 CH) saw 1 block trade worth 24mn at 47.19 yuan per share, 3.67pct discount from last closing.
- Asymchem Laboratories (002821 CH) saw 1 block trade worth 8.5mn at 313.65 yuan per share, 9.27pct discount from last closing.
- Hengyi Petrochemical (000703 CH) saw 1 block trade worth 6mn at 10.38yuan per share, 0.00pct discount from last closing.
- Haitian Flavouring and Food (603288 CH) saw 2 block trade worth 71mn at 94.64yuan per share, 12.44pct discount from last closing.
Premium
- Zijin Mining (601899 CH) saw 2 block trade worth 16mn at 10.27 yuan per share, 1.48pct premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.6765 trillion |
Total Short Selling Balance |
105.4billion |
|
SH Margin Balance |
0.8814 trillion |
SH Short Selling Balance |
66.8billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
601669 |
492mio |
601929 |
8.66mio |
|
601958 |
105mio |
600157 |
1.92mio |
|
600446 |
78.65mio |
601288 |
2.5mio |
|
600000 |
75.75mio |
601668 |
1.3mio |
|
600048 |
75.26mio |
601398 |
1.25mio |
|
SZ Margin Balance |
0.7952 trillion |
SZ Short Selling Balance |
38.6 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300003 |
440mio |
300059 |
3.08mio |
|
300377 |
247mio |
000166 |
1.84mio |
|
000665 |
173mio |
000725 |
1.82mio |
|
301089 |
143mio |
002939 |
1.51mio |
|
000792 |
137mio |
000901 |
1.5mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
+4.3 |
Northbound Net Cash Flow |
+4.4 |
||
|
Southbound Net Cash Flow |
+0.55 |
Southbound Net Cash Flow |
+1.5 |
||
|
Top 5 Northbound Inflow |
Top 5 Northbound Outflow |
||||
|
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
|
000858 |
120 |
1.45 |
600031 |
499 |
2.42 |
|
600036 |
109 |
1.03 |
603259 |
393 |
1.39 |
|
601318 |
97 |
1.68 |
000100 |
222 |
2.71 |
|
600519 |
57.3 |
0.23 |
002475 |
196 |
0.57 |
|
000001 |
40.3 |
1.2 |
002714 |
190 |
0.93 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2201 |
27,835 |
-33,526 |
0 |
-10,783 |
0 |
-9,559 |
|
IF2202 |
82,532 |
20,106 |
42,912 |
8,137 |
46,252 |
9,642 |
|
IF2203 |
36,961 |
-6,384 |
56,895 |
-680 |
75,088 |
-1,745 |
|
IF2206 |
12,082 |
1,456 |
31,180 |
559 |
41,102 |
1,223 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2201 |
20,385 |
-17,933 |
0 |
-7,424 |
0 |
-8,518 |
|
IH2202 |
48,610 |
6,362 |
26,351 |
4,293 |
30,294 |
4,266 |
|
IH2203 |
23,258 |
-3,934 |
32,532 |
318 |
41,798 |
407 |
|
IH2206 |
6,051 |
-2,068 |
13,746 |
-890 |
21,489 |
-562 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2201 |
26,204 |
-26,070 |
0 |
-9,342 |
0 |
-9,930 |
|
IC2202 |
73,208 |
15,434 |
62,112 |
10,999 |
58,163 |
9,691 |
|
IC2203 |
36,654 |
-2,843 |
76,063 |
2,553 |
93,319 |
2,811 |
|
IC2206 |
20,666 |
2,201 |
65,902 |
2,141 |
83,256 |
1,347 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2201 |
167983 |
-49978 |
0 |
-36257 |
0 |
-38568 |
|
IO2202 |
92255 |
7885 |
59630 |
6587 |
58841 |
7098 |
|
IO2203 |
16219 |
2490 |
24916 |
1862 |
27309 |
1999 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2203 |
22,235 |
3,188 |
42,029 |
914 |
46,870 |
1,361 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2203 |
51,563 |
960 |
71,870 |
1,851 |
81,072 |
1,082 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2203 |
84,481 |
7,937 |
111,991 |
-1,083 |
125,987 |
780 |
|
T2206 |
12079 |
2063 |
16247 |
560 |
15530 |
706 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Nickel |
NI2202 |
180,780.0 |
+2.3% |
225,153 |
93,298 |
|
Rapeseed Meal |
RM205 |
3,041.0 |
+1.81% |
235,324 |
523,877 |
|
Soda Ash |
SA205 |
2,709.0 |
+1.73% |
301,134 |
449,364 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
TSR 20 |
NR2204 |
11,555.0 |
-2.86% |
11,545 |
33,418 |
|
Natural Rubber |
RU2205 |
14,405.0 |
-2.17% |
125,032 |
268,169 |
|
Aluminum |
AL2203 |
21,220.0 |
-1.42% |
154,374 |
214,783 |
* Global oil prices mostly went down with March contract of WTI fell by 0.84%, quoted at $84.83/barrel, and the March contract of Brent down by 0.74%, closed at $87.73/barrel.
* Comparing to previous trading day, the gold holding position of SPDR came to 1008.45 tons, increased by 3.30%.
* Last week, China’s central bank cut the 1-yr LPR by 10 bps from 3.8% to 3.7%, the 5-yr LPR was reduced by 5 bps from 4.65% to 4.6%, the first cut since April 2020. The rate cuts continue the PBOC’s efforts to push down borrowing costs, and mortgages will now be slightly cheaper that would potentially shore up housing demand.
* For the night session on January 21, commodity market mostly closed up with chemical and energy sector leading the upside, soda ash surged the most with 1.73% increase, EG and methanol shifted up by 1.51% and 1.33% respectively. Likewise, black series went strongly as well for iron ore rose by 1.26%, thermal coal went up more than 1% and steel rebar rose slightly with 0.25% increase. In terms agricultural products, rapeseed meal and palm oil both went upward more than 1%.
* LME metals closed mixed with LME copper fell by 0.57% to $9,933.5/ton, LME zinc went flat at $3,649.5/ton, LME nickel went up by 1.53% to $24,160 ton, LME aluminum down by 2.84% to $3,022.5/ton, LME tin shifted 0.34% lower to $43,350/ ton, while LME lead closed down with 0.23% decline at $2,355/ton.
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.
