DZ20220228

 

*Key points

 

Macro

*China Politburo held meeting on Feb 25th which vows unified leadership of communist party over financial work, stronger macro policies to support economy and prevent major financial risks. Abnormal ties between officials to be crack down.

 

Financials

*CSRC is seeking for public opinions on supervision of listed companies after market exit and qualified firms will be allowed for financing and major asset reorganization or even application of relisting and boarding in national stake transfer system.

*Stock Exchanges and CSDCC jointly seeking for opinions on implementation of market exit with boarding requirement of market exited companies on stake transfer system simplified and standard of investor qualification clarified.

 

Industrial Economy

*CSRC issued notice to expand pension wealth product pilot from March, to take effect from March 1st.

*CBIRC and Ministry of Housing jointly issued guidance in supporting development of government backed rental housing for banks and insurers which required enhancing medium-long term credit support under premise of controllable risk and related loans will not be included in concentrated administration of property loans.

*Ministry of Agriculture held work conference on fishery industry and required to stabilize supply of aquatic products, enhance technique breakthrough and implement 10-year closed fishing season in Yangtze River for protection of aquatic organisms.

*5 commercial banks adjusted down payment ratio of housings in Nantong, Jiangsu from 30% to 20%.

 

Data

*CSDCC: number of China A-shr stock market investors has exceeded 200mio as of Feb 25th 2022 since 150mio in March 2019.

 

*Block Trade Info

*Discount

- Sinofibers Tech (300777 CH) saw 1 block trade worth 30mn at 40.6 yuan per share, 21.79pct discount from last closing.

- Yaoji Tech (002605 CH) saw 2 block trades worth 44mn at 18.57yuan per share, 13.10pct discount from last closing.

- Asia—Potash International (000893 CH) saw 2 block trades worth 56mn at 11.2yuan per share, 0.00 discount from last closing.

- Kingsemi Co (688037 CH) saw 1 block trade worth 32mn at 159.57yuan per share, 1.5pct discount from last closing.

- Tianfeng Securities（601162 CH) saw 21 block trades worth 219mn at 3.39yuan per share, 6.09pct discount from last closing.

- Gan & Lee Pharmaceuticals. (603087 CH) saw 8 block trades worth 31mn at 51.08yuan per share, 11.95pct discount from last closing.

- Haitian Flavoring (603288 CH) saw 1 block trade worth 43mn at 86 yuan per share, 11.73pct 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 closed down with April contract of WTI fell by 0.94%, quoted at $91.94/barrel, and the May contract of Brent went down by 0.84%, closed at $94.62/barrel. For the week ending on February 25, WTI April contract inched up by 1.92%, and Brent May contract added 1.15%.

* COMEX gold futures closed lower to $1,890.1 per ounce with 1.88% decline, COMEX silver futures settle at $24.31 per ounce with 1.53% decline. As of February 28, the gold holding positions of SPDR decreased by 0.23% to 1,026.99 tons.

* For the night session on February 25, commodity market closed down with chemical and energy sector leading the downside. Fuel oil dropped by 5.26%, soda ash and PTA slumped by 4.02% and 3.92% respectively. With regards to black series, iron ore inched up by 1.09%, while thermal coal and coke slipped lower by more than 1%. In terms of agricultural products, rapeseed oil shrank by 6.18%, rapeseed meal shifted approximately 6% lower, and palm oil settled with 4.47% decline.

* LME metals mostly closed down with LME copper fell by 0.04% to $9,860/ton, LME zinc down by 0.44% to $3,625/ton, LME nickel went down by 2.03% to $24,215ton, LME aluminum down by 0.43% to $3,380/ton, LME tin shifted 1.57% lower to $44,480/ ton, while LME lead closed up with 1.37% increase at $2,375.5/ton.

 

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