DZ20220330

 

*Key points

Financials

*The central office and State Council issued opinions to promote high quality development of social credit system for new pattern which mentioned to enhance construction of credibility, carry out forced market exit rules and build up benign cycle of natural selection.

 

Property

*6 local cities have completed first round of centralized land supply as of March 29th with barriers lowered, trading passion heated up, premium rate improved and less auction failure case, 21st century economy reported.

*Shenzhen responds to the rumor that the city will raise reference price for second-hand home by 3%-5% that it will make proper adjustment based on market situation and will announce the result shortly, Cailian Press reported.

 

Industrial Economy

*The State Council issued development plan for traditional Chinese medicine during the 14th FY which aims to enhance health service ability of TCM by 2025 with policy and system to be further optimized. Qualified TCM will be included in medical insurance and market pricing mechanism to be formulated under quality guidance.

*National Energy Administration issued guidance on energy work in 2022 which sees total energy consumption at 4.41bn of standard coal and natural gas of 214bn cubic meters of natural gas. Share of non-fossil fuel consumption in total energy mix will be boosted to 17.3% and coal consumption to decline.

 

Co Focus

*CSRC denied rumors saying IPO restrictions on enterprises of Xiaomi supply chain with no special inspection been carried out.

*Yunnan Baiyao (000538 CH) said the co will gradually lower investment in securities and phase out at proper time, according to the meeting minutes the co disclosed.

 

*Block Trade Info

*Discount

- Trina Solar (300450 CH) saw 6 block trades worth 1647mn at 54.9yuan per share, 9.99 pct discount from last closing.

- Tianfeng Securities (000671 CH) saw 6 block trades worth 99mn at 3.31yuan per share, 0.9 discount from last closing.

- Jinpan Smart Tech（688676 CH）saw 7 block trades worth 33mn at 18.3yuan per share, 8.04pct discount from last closing.

- Hla Group (600398 CH) saw 31 block trades worth 697mn at 5.1yuan per share, 5.03pct discount from last closing.

- Pharmaron (300759 CH) saw 1 block trade worth 116mn at 115.74yuan per share, 0.65pct discount from last closing.

 

*Premium

- Silan Microelectronics (600460 CH) saw 4 block trades worth 29mn at 52.25yuan per share, 2.04pct discount from last closing.

- Magic Design (002856 CH) saw 3 block trades worth 75mn at 11.39yuan per share, 5.3pct discount from last closing.

 

*Margin Trade

*Connection Trade

*Index Futures

*Index Options

*Treasury Futures

*Night Session Commodities Market (As of 02:30 am)

Commodities (night session):

* The progress of Ukraine and Russia negotiation has brought downward pressure on crude oil price. Global crude oil price fell collectively. May NYMEX crude oil contract declined 0.76% to closed at $105.16/b. June Brent contract fell 0.85% to closed at $108.56/b. INE crude oil active contract declined 1.49% to closed at 675.2 yuan/b.

* The ease of Ukraine and Russia tension has driven gold price down. COMEX gold active contract fell 1.1% to closed at $1918.4/oz, down for 3-consucutive days to the lowest level over the past weeks., SHFE gold active contract closed at 394.28 yuan/gram (down 0.71%).

* Metals mostly closed down. LME aluminum down 4.45%, copper up 0.1%. SHFE aluminum down 1.76%, copper down 0.39%, bonded copper down 0.18%.

* Commodity futures mostly closed down, Energy & chemistry futures saw diverge performance, fuel oil fell 4.28%, low sulfur fuel oil declined 2.69%, whereas soda ash rose 2.39%. Black series mostly went down, hot-rolled coil down 1.36%, steel rebar down 1.25%, coke up 1.23%. Agriculture futures mostly declined, rapeseed meal down 3.82%, soybean meal down 3.06%.

 

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