DZ20220222

 

*Key points
 

Policy

*CSRC said to expand exclusive commercial pension insurance trial program nationwide from March 1st, 2022 and participation of pension insurers is allowed.

*The State Council issued plan on development of elderly care service and related business during the 14th FY with framework in coping with population aging to be set up and overall service system to be optimized. Development of silver hair economy to be promoted, which is mentioned the first time in FY development plan.

 

Industrial Economy

*Rumor suggests China will not grant new game approval and issuance in 2022 in 2022, according to someone familiar with this matter, STAR Board Daily reported. An official from China Audio-video and Digital Publishing Association and Tencent’s Zhang Jun denied later.

*NDRC approved three coal mine projects in Shaanxi and Inner Mongolia in total investment of cny 24.1bn.

 

Property

*6 major banks including big four banks, BoComm and PSBC adjusted down mortgage rate in Guangzhou by 20bps on both first and second homes.

 

Co Focus

*Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial exposure and other links to Ant Group Co., renewing scrutiny of billionaire Jack Ma’s financial empire, according to people familiar with the matter, Bloomberg reported.

 

*Block Trade Info

*Discount

- Maxscend Microelectronics (300782 CH) saw 1 block trade worth 12mn at 264 yuan per share, 1.97pct premium from last closing.

- Advanced Micro-Fabrication (688012 CH) saw 1 block trade worth 48mn at 120.8yuan per share, 0.00pct discount from last closing.

- Zhongnan Industries (002445 CH) saw 1 block trade worth 112mn at 2.5yuan per share, 4.94 discount from last closing.

- Jolywood (300393 CH) saw 1 block trade worth 37mn at 16.43yuan per share, 2.2pct discount from last closing.

- Sinomine Resource （002738 CH) saw 2 block trade worth 32mn at 67.85yuan per share, 16.64pct discount from last closing.

- China Railway Materials (000927 CH) saw 2 block trade worth 39mn at 3.43yuan per share, 1.44pct discount from last closing.

- National Gold (600916 CH) saw 1 block trade worth 10mn at 12.16 yuan per share, 6.46pct 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 closed up with April contract of WTI rose by 2.9%, quoted at $92.83/barrel, and the April contract of Brent went up by 3.53%, closed at $96.84/barrel, the first time hit $97/barrel since September 2014.

* COMEX gold futures closed higher to $1,906.2 per ounce with a 0.34% increase, COMEX silver futures settle at $23.965 per ounce with 0.11% decline. The gold holding position of SPDR was now reached 1,024.09 tons, which was below 1000 tons in January.

* For the night session on February 21, commodity market mostly closed up for black series leading the upside, iron ore rose the most, added 4.01% and closed up. Coke inched up more than 2%, thermal coal and coking coal climbed by 1.9% and 1.53% respectively. Steel rebar went upward over 1% as well. With regards to chemical and energy sector, bitumen surged over 5%, fuel oil shifted 4.14% higher. Soda ash and methanol closed up with 3.04% and 2.39% increase respectively.

* LME metals closed mixed with LME copper fell by 0.81% to $9,875/ton, LME zinc down by 0.6% to $3,554/ton, while LME nickel went up by 1.45% to $24,495 ton, LME aluminum up by 0.84% to $3,290/ton, LME tin shifted 0.20% higher to $44,230/ ton, while LME lead closed down with 1.11% decline at $2,322.5/ton.

 

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