DZ20220216

 

*Key points

 

Article by President Xi

*Qiushi magazine published article by President Xi that legislation in key fields like national security and digital economy will be accelerated with regulation of anti-sanction and anti-intervention to be further optimized.

 

Financials

*Premier Li Keqiang chaired State Council general conference and clarified measures to promote the steady growth of industrial economy and industries in difficulties including 1) more income tax reduction on industrial and service industries, extend the tax deferral policy for small and medium-sized enterprises in manufacturing industry; 2) incentive funds provided by PBoC to support preferential small and micro loans for decline of comprehensive financing costs; 3) promote reconstruction of industrial base and construction of new infrastructure; 4) increase support for industries in difficulties such as catering, retail, tourism and transportation via tax reductions and social security premium deferrals.; 5) supply of commodities to be ensured with price stabilized.

*China end-Jan yuan forex positions rise cny 33.3bn m/m to cny 21.3tn.

 

Industrial Economy

*Administrative method of housings in common property in Ningbo will officially take effect from Feb 26th which clarified requirement and fund contribution by purchase family shall between 60% to 80% capped.

 

*Block Trade Info

*Discount

- Unisplendour Corporation (000938 CH) saw 1 block trade worth 201mn at 20.14 yuan per share, 2.47pct discount from last closing.

- China Shenhua (601088 CH) saw 2 block trade worth 8mn at 24.99yuan per share, 0.44pct discount from last closing.

- Merchants Shekou (001979 CH) saw 1 block trade worth 15mn at 12.5yuan per share, 8.89 discount from last closing.

- ESUN Display (002751 CH) saw 1 block trade worth 12mn at 15.85 yuan per share, 9.38pct discount from last closing.

- Tztek Tech (688003 CH) saw 1 block trade worth 22mn at 30.74yuan per share, 3.49pct discount from last closing.

- Sany Industry (600031 CH) saw 1 block trade worth 34mn at 20.54yuan per share, 1.01pct discount from last closing.

- Runyang New Material (300920 CH) saw 2 block trade worth 21mn at 26.95 yuan per share, 10.26pct discount from last closing.

 

*Margin Trade

Total Margin Balance

1.6217 trillion

Total Short Selling Balance

96.4 billion

SH Margin Balance

0.8536 trillion

SH Short Selling Balance

62 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

600036

266mio

688126

2.95mio

601166

262mio

600029

2.36mio

601318

186mio

688283

2.27mio

603606

110mio

600036

1.74mio

688809

96.85mio

600900

1.41mio

SZ Margin Balance

0.7681 trillion

SZ Short Selling Balance

34.5billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

000002

229mio

002610

3.56mio

002594

204mio

300059

2.54mio

300363

125mio

000901

1.89mio

000001

90.24mio

000671

1.61mio

000651

76.56mio

000825

1.43mio

*Connection Trade

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

-1.1

Northbound Net Cash Flow

-2.5

Southbound Net Cash Flow

-2.2

Southbound Net Cash Flow

+0.6

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

300059

388

1.64

601318

728

1.25

002594

342

1.28

600519

530

0.23

688012

318

8.69

000858

396

0.52

300124

311

2.25

300015

302

2.03

300274

307

2.93

300347

250

4.77

*Index Futures

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2202

71,524

-8,394

33,024

-2,944

33,029

-4,063

IF2203

47,205

-606

63,253

1,413

79,366

1,829

IF2206

13,200

744

33,489

847

41,378

548

IF2209

4,716

-507

10,339

458

13,045

378

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2202

38,806

-7,665

19,881

-3,026

22,336

-3,354

IH2203

25,975

2,913

33,300

979

41,723

824

IH2206

8,067

-2,295

13,365

-393

18,189

-453

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2202

59,882

-7,020

39,972

-8,591

37,232

-6,903

IC2203

43,424

-2,290

82,634

2,242

94,550

1,110

IC2206

12,502

-1,730

65,791

-247

81,349

152

IC2209

8,805

-2,349

32,769

662

34,352

643

*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2202

137,175

-33,081

60,561

-2,420

68,855

-2,670

IO2203

42,136

-9,168

50,812

3,316

53,696

2,455

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2203

21,103

-3,878

28,917

-1,640

30,316

-2,107

TS2206

8,550

-1,050

12,781

1,532

13,357

1,514

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2203

62,519

11,991

36,173

-6,541

37,233

-8,810

TF2206

44,624

13,052

61,638

8,637

62,885

8,312

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2203

103,617

8,232

53,388

-13,197

55,394

-14,200

T2206

87,167

19,700

76,072

13,537

84,798

13,839

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

Top 3 Gainers (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Stainless Steel

SS2203

19,135.0

+2.49%

40,931

50,689

Tin

SN2203

332,900.0

+1.41%

18,719

30,038

Glass

FG205

2,187.0

+0.92%

253,264

233,300

Top 3 Loser (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

PTA

TA205

5,438.0

-3.96%

914,783

1,036,423

Low Sulfur Fuel Oil

LU2205

4,204.0

-3.64%

37,124

60,945

Polyester Staple Fiber

PF205

7,420.0

-3.21%

109,790

120,662

* Global oil prices mostly closed down with March contract of WTI dropped by 3.52%, quoted at $92.1/barrel, and the April contract of Brent went down by 3.12%, closed at $93.47/barrel. As of February 11, the weekly API crude oil stock decreased by 1.076 million barrels, estimated of 1.769 million barrels.

* COMEX gold futures closed lower to $1,855.1 per ounce with a 0.76% decline, COMEX silver futures settle at $23.375 per ounce with 1.98% decline. Comparing to previous trading day, the gold holding position of SPDR went flat at 1,019.44 tons.

* For the night session on February 15, commodity market mostly closed down for chemical and energy sector leading the downside, PTA slumped close to 4%, fuel oil and bitumen went downward by 2.94% and 2.64% respectively. Black series continued its sluggish performance for iron ore fell by 2.68%, thermal coal shifted close to 2% lower, while coke rose slightly with 0.19% increase. In terms of agricultural products, palm oil closed 1.92% lower, soybean oil and No.2 soybean fell by 1.74% and 1.14% respectively.

* LME metals mostly closed up with LME copper rose by 0.54% to $9,974/ton, LME zinc up by 0.69% to $3,599/ton, and LME nickel went up by 0.86% to $23,370 ton, while LME aluminum down by 0.64% to $3,194/ton, LME tin shifted 0.55% higher to $43,505/ ton, and LME lead closed up with 0.92% increase at $2,308.5/ton.

 

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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.