DZ20220407
*Key points
Financials
*The State Council general meeting held pointed out to adopt multiple monetary policy tools with flexibility to better play the function of aggregate and structure to support real economy. 1) Stable monetary policy will be enhanced to maintain reasonable and abundant liquidity; 2) measures of finance supported consumption and effective investment will be applied with financing of key project construction to be protected to promote fast growth of medium-long term loan in manufacturing sector; 3) special refinancing of tech innovation and preferential elderly care to be set up and government special bonds to be well used for capital supplementary of medium-small banks to enhance credit ability of banks.
*PBoC is seeking for public opinions on PRC Financial Stability Law which aims to build up efficient working mechanism with authority and to consolidate responsibility of financial institutions, major shareholders, local government and financial supervisory departments for risk prevention, rectification and early intervention. Security fund of financial stability was confirmed to be set up as backup fund for disposal of national major financial risk.
*Balance of special bonds quota has been delivered by MoF, earlier than past years (May for record), according to someone familiar with this matter, 21st century economy reported.
Co Focus
*BYD said on teleconference that cost optimization to be driven by scale effect and improvement of yield rate of blade battery, which to become one of the major research focuses with more competitive ones built up.
*Tesla Shanghai super plants may not resume production until April 8th and difficulties faced if lock-down extends, Electrerk reported.
Apr 6th Block Trade
*Block Trade Info
*Discount
- Zhendong Pharmaceutical (300158 CH) saw 1 block trade worth 81mn at 13.47yuan per share, 5.01 pct discount from last closing.
- Wuhan Fingu (002194 CH) saw 2 block trades worth 49mn at 10.56yuan per share, 2.67 discount from last closing.
- Shuanghuan Driveline (002473 CH) saw 3 block trades worth 39mn at 19.62 yuan per share, 2pct discount from last closing.
- Pharmaron (300759 CH) saw 3 block trades worth 92mn at 114.38 yuan per share, 3.0.54pct discount from last closing.
- Kweichow Moutai (600519 CH) saw 1 block trade worth 18mn at 1677.1yuan per share, 4.98pct discount from last closing.
*Flat
- Changchuan Tech (300604 CH) saw 1 block trade worth 50mn at 34.41yuan per share, 0.00 discount from last closing.
- TBEA Co (600089 CH) saw 1 block trade worth 56mn at 20.12yuan per share, 0.00pct discount from last closing.
- Tom Culture (300459 CH) saw 3 block trades worth 19mn at 4.45yuan per share, 0.00pct discount from last closing.
*Margin Trade
|
Total Margin Balance |
1.5700 trillion |
Total Short Selling Balance |
90.5 billion |
|
SH Margin Balance |
0.8335 trillion |
SH Short Selling Balance |
58.8 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
601668 |
352mio |
600010 |
15.21mio |
|
601888 |
344mio |
600109 |
11.72mio |
|
601012 |
185mio |
688295 |
4.38mio |
|
601318 |
172mio |
600959 |
4.24mio |
|
600056 |
119mio |
601668 |
2.66mio |
|
SZ Margin Balance |
0.7428 trillion |
SZ Short Selling Balance |
31.9 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300059 |
175mio |
000723 |
2.00mio |
|
002594 |
171mio |
002926 |
1.4mio |
|
002460 |
154mio |
002610 |
1.07mio |
|
300750 |
145mio |
000630 |
0.87mio |
|
002603 |
112mio |
000725 |
0.84mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
-2.5 |
Northbound Net Cash Flow |
-2.8 |
||
|
Southbound Net Cash Flow |
+0.5 |
Southbound Net Cash Flow |
+0.1 |
||
|
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 |
|
601398 |
321 |
0.25 |
601919 |
428 |
1.98 |
|
300274 |
312 |
2.7 |
601888 |
380 |
1.12 |
|
601288 |
183 |
0.2 |
601012 |
314 |
0.8 |
|
601668 |
156 |
0.69 |
002714 |
295 |
1.43 |
|
601318 |
146 |
0.28 |
600036 |
287 |
0.3 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2204 |
99,798 |
-16,237 |
62,374 |
-8,112 |
66,096 |
-8,291 |
|
IF2206 |
31,859 |
-3,086 |
52,052 |
-289 |
63,556 |
-1,092 |
|
IF2209 |
9,206 |
-4,310 |
23,298 |
-391 |
29,733 |
-361 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2204 |
58,848 |
-2,637 |
27,233 |
-2,733 |
29,197 |
-3,404 |
|
IH2206 |
18,628 |
-1,492 |
22,718 |
-1,046 |
29,256 |
-1,222 |
|
IH2209 |
5,846 |
-1,440 |
12,891 |
-408 |
17,976 |
-563 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2204 |
79,611 |
1,356 |
71,362 |
-2,211 |
66,790 |
-3,553 |
|
IC2206 |
24,062 |
-58 |
84,555 |
77 |
98,799 |
85 |
|
IC2209 |
13,177 |
179 |
76,396 |
157 |
84,075 |
137 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2204 |
127648 |
-43855 |
73572 |
-2474 |
84298 |
-2019 |
|
IO2205 |
26041 |
-1532 |
26583 |
1769 |
27771 |
2159 |
|
IO2206 |
5530 |
-3918 |
22290 |
-80 |
26654 |
129 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2206 |
16,475 |
-6,070 |
37,428 |
-12 |
39,756 |
-20 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2206 |
45,246 |
-4,610 |
85,413 |
-476 |
92,163 |
-1,662 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2206 |
73,716 |
-8,330 |
128,932 |
-384 |
140,651 |
559 |
|
T2209 |
9,381 |
6,504 |
16,248 |
1,376 |
16,419 |
1,504 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
RBD Palm Olein |
p2209 |
10,216.0 |
+1.94% |
218,588 |
188,387 |
|
Ethenylbenzene |
eb2205 |
10,056.0 |
+1.91% |
87,649 |
138,419 |
|
Coke |
j2205 |
4,091.0 |
+1.41% |
8,452 |
29,483 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Crude Oil |
sc2205 |
624.7 |
-7.3% |
181,099 |
29,298 |
|
Glass |
fg209 |
2,021.0 |
-3.53% |
387,925 |
578,124 |
|
Soda Ash |
sa209 |
2,914.0 |
-3.45% |
587,006 |
492,932 |
Commodities (night session):
* EIA: the US crude oil stockpile added 2,421 thousand barrels with expectation of a decrease of 2,056 thousand barrels. IEA will join the 120 million barrels crude oil collective release plan. The US will contribute half of the quota. Global crude oil price fell collectively. May NYMEX crude oil contract declined 4.89% to closed at $96.97/b, June Brent contract declined 4.62% to closed at $101.71/b, both hit 3-week low. INE crude oil active contract slump 7.3% to 624.7 yuan/b.
* The rise of US bond yield imposes pressure on gold price. COMEX gold active contract rose 0.05% to closed at $1928.4/oz. SHFE gold active contract closed at 394 yuan/gram (down 0.2%).
* Metals mostly closed down. LME aluminum down 0.97%, copper down 1.46%. SHFE aluminum down 1.81%, copper down 0.22%, bonded copper down 0.42%.
* Commodity futures performed mixed, Energy & chemistry futures saw diverge performance, EB rose 1.91%, LLDPE rose 1.28%, glass fell 3.53%, soda ash fell 3.45%. Black series mostly went down, hot-rolled coil fell 0.57%, iron ore fell 0.48%, coking coal rose 1.38%, coke rose 1.41%. Agriculture futures performed mixed, RBD palm olein up 1.94%, soybean oil up 1.02%, No.1 soybean down 1.19%, soybean meal down 1.09%.
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.d
