DZ20220317
*Key points
Breaking
*China will not expand its property tax trial this year in lack of market conditions after full consideration, said by MoF.
Messages Delivered from Central Office
*CSRC said to encourage share repurchase of listed companies, guide stake purchase of fund companies and encourage long-term value investment with mechanism optimized for participation of long-term institutional investors. Agreement will be tried to reach on cooperation of audit and supervision between China and U.S. Besides, reform of registration system of stock issuance will be promoted and development of venture capital encouraged. Real estate risk will be solved in cooperation with other departments.
*CBIRC said to fully support development of real economy, satisfy reasonable financing demand of market entity and insist “housing is for living rather than speculation”. Insurance companies are supported to increase capital market investment via direct, entrusted investment and public fund. Issuance of equity type asset management products to be enhanced and hot issues under mkt attention will be promptly responded to stabilize market expectation.
*PBoC said to focus on economic construction, insist deepen reform and expand opening up with proactive monetary policy and appropriate growth of new loan. Medium small and micro enterprises will be supported and market risk of property sector to be resolved. Rectification of large platform companies to be promoted.
*SAFE said to steadily promote high level opening-up of capital projects, further promote facilitation of cross-border trade investment, strengthen supervision of foreign exchange market and to actively resolve external shock. Healthy and stable development of property and platform economy will be promoted in cooperation with other departments.
Financials
*Related departments are working on measures to against malicious shorting institutions with opinions listened on risk resolve of listed property firms, according to someone familiar with this matter.
*Premier Li Keqiang said to place stable growth at a more prominent position and to maintain economic operation within reasonable range.
*Block Trade Info
*Discount
- Sinofibers Tech (300777 CH) saw 2 block trades worth 60mn at 48.94yuan per share, 16.18pct discount from last closing.
- Vantone Neo Development (600246 CH) saw 5 block trades worth 53mn at 8.77yuan per share, 8.36pct discount from last closing.
- Contemporary Amperex (300750 CH) saw 3 block trades worth 36mn at 467.23 yuan per share, 7.13pct discount from last closing.
*Flat
- Chongqing Brewery (601696 CH) saw 2 block trades worth 39mn at 116.72yuan per share, 0.00pct discount from last closing.
- China Pacific (601601 CH) saw 10 block trades worth 53mn at 22.56yuan per share, 0.00pct discount from last closing.
- China Chemical (601117 CH) saw 2 block trades worth 16mn at 8.34yuan per share, 0.00pct discount from last closing.
- Lead Intelligent (300450 CH) saw 3 block trades worth 15mn at 58.61yuan per share, 0.00pct discount from last closing.
- Tongwei Co (600438 CH) saw 2 block trades worth 79mn at 45.6yuan per share, 0.00pct discount from last closing.
*Margin Trade
|
Total Margin Balance |
1.5980 trillion |
Total Short Selling Balance |
90.4 billion |
|
SH Margin Balance |
0.8462 trillion |
SH Short Selling Balance |
58.7 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600056 |
337mio |
601888 |
136mio |
|
601127 |
299mio |
601919 |
126mio |
|
600703 |
207mio |
603260 |
105mio |
|
601012 |
138mio |
601155 |
104mio |
|
600499 |
114mio |
603799 |
100mio |
|
SZ Margin Balance |
0.7518 trillion |
SZ Short Selling Balance |
31.7 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
002594 |
348mio |
002939 |
6.36mio |
|
300014 |
294mio |
002797 |
3.26mio |
|
002176 |
215mio |
300059 |
2.52mio |
|
300059 |
172mio |
002555 |
2.06mio |
|
002460 |
126mio |
002185 |
1.21mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
+0.003 |
Northbound Net Cash Flow |
-0.085 |
||
|
Southbound Net Cash Flow |
+3.1 |
Southbound Net Cash Flow |
+4.7 |
||
|
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 |
|
000333 |
978 |
2.63 |
002812 |
744 |
4.5 |
|
601919 |
321 |
1.7 |
300059 |
622 |
2.95 |
|
002475 |
265 |
1.11 |
300274 |
408 |
3.07 |
|
601669 |
221 |
2.88 |
600519 |
385 |
0.19 |
|
002027 |
208 |
2.54 |
601318 |
345 |
2.87 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2203 |
161,506 |
-10,944 |
44,661 |
-15,945 |
45,073 |
-19,104 |
|
IF2204 |
86,046 |
29,720 |
44,537 |
11,598 |
48,618 |
12,916 |
|
IF2206 |
63,052 |
6,471 |
49,073 |
1,503 |
62,833 |
1,438 |
|
IF2209 |
19,237 |
2,356 |
19,943 |
692 |
25,470 |
2 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2203 |
83,360 |
-4,185 |
24,560 |
-8,706 |
26,829 |
-9,004 |
|
IH2204 |
37,284 |
13,174 |
17,340 |
5,619 |
19,024 |
6,135 |
|
IH2206 |
34,237 |
-2,667 |
22,974 |
-1,310 |
29,698 |
-2,194 |
|
IH2209 |
12,541 |
-941 |
12,547 |
-5 |
17,602 |
-361 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2203 |
135,629 |
-4,803 |
45,304 |
-12,582 |
45,820 |
-11,639 |
|
IC2204 |
74,919 |
23,626 |
59,668 |
11,710 |
57,245 |
11,666 |
|
IC2206 |
63,074 |
6,350 |
86,064 |
2,166 |
102,137 |
3,082 |
|
IC2209 |
31,179 |
1,281 |
64,708 |
2,479 |
72,243 |
3,079 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2203 |
329070 |
-7525 |
69384 |
-3981 |
81269 |
-7170 |
|
IO2204 |
145460 |
25084 |
52826 |
5718 |
55966 |
5530 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2206 |
39,531 |
5,037 |
34,367 |
1,858 |
35,439 |
2,018 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2206 |
121,221 |
-9,178 |
82,778 |
471 |
83,486 |
2,488 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2206 |
202,115 |
-38,465 |
129,823 |
-3,410 |
138,709 |
-265 |
|
T2209 |
11949 |
949 |
9732 |
286 |
10016 |
184 |
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Iron Ore |
I2205 |
794.5 |
+2.65% |
219,414 |
415,380 |
|
PVC |
V2205 |
8,991.0 |
+1.59% |
421,721 |
317,812 |
|
Steel Rebar |
RB2205 |
4,878.0 |
+1.25% |
480,580 |
1,281,758 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Low Sulfur Fuel Oil |
LU2205 |
4,453.0 |
-2.33% |
37,265 |
10,376 |
|
Crude Oil |
SC2204 |
606.6 |
-2.32% |
108,896 |
25,576 |
|
RBD Palm Olein |
P2205 |
11,110.0 |
-2.2% |
402,609 |
317,172 |
*Night Session Commodities Market (As of 02:30 am)
* Global oil prices kept diving as April contract of WTI dropped by 1.12%, quoted at $95.36/barrel, declined for three consecutive days. Likewise, May contract of Brent shifted down by 1.77%, closed at $98.14/barrel. As of the week ending on March 11, the stock of EIA increased by 4.35 million barrels, estimated of 1.38 million barrels.
* COMEX gold futures closed lower to $1,928 per ounce with 0.09% decline, dropped for 4 consecutive days. COMEX silver futures settle at $25.23 per ounce with 0.29% increase. The gold holding positons of SPDR increased by 0.82% to 1,070.53 tons.
* For the night session of March 17, commodities market closed mixed for chemical and energy sector remained sluggish, fuel oil dropped by 2.2%, soda ash and bitumen went downward by 1.54% and 1.42% respectively. NSR 20 and PTA both shifted more than 1% lower as well. While black series mostly closed higher for iron ore inched up more than 2%, steel rebar went up by 1.25%. Coal products mostly closed up excluding thermal coal eased by 0.17%. In terms of agricultural products, No.1 soybean went up by 0.6%, while palm oil shrank over 2%.
* LME metals closed mixed with LME copper rose by 2.32% to $101,33.5/ton, LME zinc up by 0.33% to $3,799/ton, LME nickel down by 4.99% to $455,90/ton, LME aluminum down by 0.37% to $3,265.5/ton, LME tin shifted 2.55% lower to $42,130/ ton, and LME lead closed up with 0.36% increase to $2,250/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.
