DZ20220303

 

*Key points

Macro

*Guo Shuqing, chairman of the CBIRC said at a briefing Wed that 1) financial risks in some key industries have been well controlled and macro leverage went down by 8 pcts; 2) China will take some vigorous measures to offset the negative effect brought by pandemic and other factors on domestic consumption and investment; 3) there have been some adjustments in property prices, and changes in the structure of demand and China don’t expect the adjustments to be too drastic; 4) Ant Group Co. and 13 other fintech platforms have yet to complete rectifications ordered by the government, but overall progress has been “smooth.”

 

Index Adjustment

*FTSE Russell announced quarterly review result of FTSE China A50 index with 002142, 601668 and 601658 added in while 300015, 601628 and 300014 been deleted. Meanwhile, 600585, 601998, 002493, 603501 and 002812 been listed in the back-up list of the new season.

 

Industrial Economy

*Vice premier Han Zheng said to promote carbon peak and neutral in solid pace with development of renewable energy under research and absorptive system of new energy supply constructed. Power pricing mechanism and carbon emission trading market to be optimized.

*As disclosed by China Steel Association that the “cornerstone plan” has been submitted for review by NDRC which proposed to change structure of steel resource using 2-3 “FY plan” to solve the short board issue of steel with external dependency lowered.

*The 106th National Food & Drinks Fair scheduled on March 24th to 26th will be delayed into April with details to be announced.

*Cyberspace Administration of China is seeking for public opinions on administration of internet popup service which prohibits algo misuse, network flow hijacking and malicious drainage.

 

*Block Trade Info

*Discount

- Yoozoo Interactive (002174 CH) saw 1 block trade worth 11mn at 10.89 yuan per share, 10.81pct discount from last closing.

- Xilinmen (603008 CH) saw 1 block trade worth 42mn at 31.44yuan per share, 6.84pct discount from last closing.

- Seamild Foods (002956 CH) saw 4 block trades worth 18mn at 14.86yuan per share, 11.65 discount from last closing.

- Tianli Tech (300399 CH) saw 1 block trade worth 25mn at 10.66yuan per share, 22.59pct discount from last closing.

- Sansure Biotech（688289 CH) saw 10 block trades worth 64mn at 44.54yuan per share, 8.52pct discount from last closing.

- Shagang Co (002075 CH) saw 3 block trades worth 114mn at 6.17yuan per share, 2.99pct 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 have been rising for 3 consecutive days. April contract of WTI surged by 6.95%, quoted at $110.60/barrel, recorded the new high since May 2011. Likewise, May contract of Brent went up sharply by 7.58%, closed at $112.93/barrel, the new high since June 2014.

* COMEX gold futures closed lower to $1,930.8 per ounce with 0.67% decline, COMEX silver futures settle at $25.415 per ounce with 0.49% decline. As of March 2, the gold holding positions of SPDR added by 7.84 tons to 1,050.22 tons. Although there’s uncertainty regarding the conflict between Russia and Ukraine with global prices rising sharply, Powell stated that the Fed is still on the track to implement interest rate hike in March to constrain the current high inflation in the US.

* For the night session on March 2, commodity market mostly closed up for chemical and energy sector leading the upside, LPG and PTA shifted 2.78% and 1.7% respectively. Regarding black series, iron ore and thermal coal both quoted more than 2% higher. Coking coal and coke both rose slightly and closed up.

* LME metals mostly closed up with LME copper rose by 1.92% to $10,255/ton, LME zinc up by 3.84% to $3,890/ton, LME nickel went up by 3.57% to $26,000ton, LME aluminum up by 2.82% to $3,576/ton, while LME tin shifted 0.05% lower to $45,760/ ton, LME lead closed up with 0.25% increase at $2,415/ton.

 

Download PDF

 

 

 

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.