DZ20220321
*Key points
China-US Relationship
*President Xi and U.S. President Joe Biden held video talk on March 18th with key information released, including 1) increasing demand of communication between mutual parties; 2) proper management of divergence remain to be the key in the relations; 3) efforts been made for peace by China.
Covid
*Positive progress has been made in the development of monovalent and multivalent vaccines against the Omicron variants, a senior Chinese health official told a press conference on March 19th.
Financials
*The 1 and 5-year LPR will be issued by PBoC at 9:15 March 21st.
*PBoC and 3 other departs jointly issued opinions with Zhejiang provincial govt on financial support of high quality development and in construction of demonstration zone for common prosperity which said to enhance supervision of anti-monopoly and inappropriate competition in finance fields, prevent disorder expansion of capital and improve ability of tech innovation.
*Special debt quota of local government for year 2022 been approved by the NPC with detailed distribution under calculation by MoF.
*Article of “Public fund REITs in trial and benign cycle of investment and financing to be further promoted”was released by CSRC which suggested rules under formulation and projects to be implemented.
Industrial Economy
*State-owned commercial banks adjusted down mortgage loan rate in 2 local cities in Hubei province by 40-45bp vs Feb.
*Related departments held talks with some lithium salt companies to promote reasonable and stable operation of price with benign development of industrial chains to be promoted jointly with upstream enterprises.
*Block Trade Info
*Discount
-Chongqing Dept Store （600729 CH）saw 13block trades worth 144mn at 25yuan per share, 7.48pct discount from last closing.
- China Gold (600489CH) saw 1 block trade worth 100mn at 6.95yuan per share, 9.97pct discount from last closing.
- Vantone Development (600246 CH) saw 1 block trade worth 26mn at 9.24yuan per share, 3.55pct discount from last closing.
- Wanbangde (002082 CH) saw 5 block trades worth 30mn at 9.84yuan per share, 1.6 discount from last closing.
- Trina Solar (688599 CH) saw 7 block trades worth 98mn at 63.94yuan per share, 6.92pct discount from last closing.
- Bgi Genomics (300676 CH) saw 4 block trades worth 16mn at 80.42yuan per share, 10.94pct discount from last closing.
*Flat
- Zijin Mining (601899 CH) saw 2 block trades worth 12mn at 10.63yuan per share, 0.00pct discount from last closing.
*Margin Trade
|
Total Margin Balance |
1.5867 trillion |
Total Short Selling Balance |
92.6 billion |
|
SH Margin Balance |
0.8375 trillion |
SH Short Selling Balance |
60.2 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600048 |
161mio |
510500 |
45.23mio |
|
688180 |
105mio |
512100 |
11.49mio |
|
600196 |
92.42mio |
512800 |
9.1mio |
|
511380 |
79.74mio |
588380 |
3.49mio |
|
600660 |
70.73mio |
510050 |
3.12mio |
|
SZ Margin Balance |
0.7492 trillion |
SZ Short Selling Balance |
32.4 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300059 |
253mio |
002670 |
2.22mio |
|
002537 |
155mio |
002500 |
1.71mio |
|
002594 |
129mio |
002797 |
1.05mio |
|
300142 |
116mio |
002100 |
0.91mio |
|
300750 |
98.5mio |
000027 |
0.88mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
+8.3 |
Northbound Net Cash Flow |
+0.16 |
||
|
Southbound Net Cash Flow |
+3.0 |
Southbound Net Cash Flow |
-0.12 |
||
|
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 |
|
600036 |
1194 |
1.3 |
300750 |
780 |
0.73 |
|
600030 |
577 |
2.45 |
600519 |
552 |
0.26 |
|
601012 |
525 |
1.2 |
600660 |
360 |
4.74 |
|
601318 |
479 |
0.97 |
000651 |
282 |
1.5 |
|
000333 |
378 |
0.94 |
601668 |
261 |
1.3 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2203 |
34,436 |
-55,353 |
0 |
-12,927 |
0 |
-11,846 |
|
IF2204 |
134,242 |
31,159 |
68,352 |
9,304 |
73,798 |
10,565 |
|
IF2206 |
45,338 |
-7,795 |
51,823 |
987 |
65,796 |
1,704 |
|
IF2209 |
10,838 |
-2,671 |
20,127 |
275 |
26,011 |
477 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2203 |
22,361 |
-25,376 |
0 |
-7,501 |
0 |
-6,834 |
|
IH2204 |
64,090 |
18,934 |
29,619 |
6,851 |
32,029 |
8,141 |
|
IH2206 |
24,785 |
-7,467 |
23,903 |
-867 |
31,275 |
-1,471 |
|
IH2209 |
8,542 |
-2,941 |
12,597 |
-141 |
17,763 |
-544 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2203 |
31,738 |
-47,075 |
0 |
-10,976 |
0 |
-10,558 |
|
IC2204 |
101,253 |
9,930 |
81,869 |
6,876 |
77,782 |
5,208 |
|
IC2206 |
37,077 |
-8,843 |
84,017 |
468 |
100,050 |
444 |
|
IC2209 |
16,924 |
-11,669 |
69,126 |
178 |
77,145 |
576 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2203 |
159623 |
-71575 |
0 |
-35817 |
0 |
-37300 |
|
IO2204 |
109045 |
-17940 |
61935 |
5712 |
65671 |
6301 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2206 |
27,517 |
6,442 |
35,801 |
1,198 |
37,120 |
197 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2206 |
52,948 |
-4,569 |
81,198 |
-1,043 |
83,310 |
1,020 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2206 |
99,530 |
-8,303 |
130,473 |
2,596 |
140,249 |
1,470 |
|
T2209 |
7,506 |
116 |
10,656 |
687 |
10,950 |
634 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Tin |
sn2205 |
343,700.0 |
+3.05% |
31,454 |
33,032 |
|
Coking Coal |
jm2205 |
3,060.0 |
+2.39% |
21,221 |
49,469 |
|
Soda Ash |
sa205 |
2,529.0 |
+2.26% |
271,456 |
309,348 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
RBD Palm Olein |
p2205 |
10,628.0 |
-4.7% |
327,378 |
309,189 |
|
Soybean Oil |
y2205 |
10,250.0 |
-2.01% |
138,434 |
278,702 |
|
Ethenylbenzene |
eb2205 |
9,498.0 |
-1.51% |
69,473 |
117,009 |
Commodities (night session):
* Global crude oil price rose collectively. May NYMEX crude oil contract rose 1.6% to closed at $103.28/b, June Brent contract rose 1.31% to closed at $104.92/b. INE crude oil active contract rose 1.25% to closed at 665.7 yuan/b.
* COMEX gold active contract closed at $1921.5/oz (down 1.12%), SHFE gold active contract closed at 395.14 yuan/gram (down 0.5%).
* Metals mostly closed up. LME nickel slumped 11.99%, aluminum up 0.1%, copper up 0.62%. SHFE aluminum up 1.53%, copper up 0.77%, bonded copper up 0.80%.
* Commodity futures performed mixed, Energy & chemistry futures saw diverge performance, soda ash rose 2.26%, PTA rose 2%, ethenylbenzene down 1.51%. Black series mostly went up, coking coal up 2.39%, iron ore up 2.24%. Agriculture futures mostly closed down, RBD palm olein down 4.7%, soybean down 2.01%.
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.
