DZ20220412

 

*Key points

Macro

*Premier Li Keqiang held forum with local senior officers and pointed out to enhance implementation of macro policies, stabilize economic fundamentals, deepen reform and opening up with economic operation to be maintained within reasonable range via stable employment and CPI. Measures like tax and fee reduction, financial support on real economy, special bond issuance and construction of major projects will be accelerated. Trend tracking to be enhanced with plan under research and more aggressive measures to be adopted.

Financials

*CSRC and 2 other depts jointly issued notice to further support healthy development of listed companies which pointed out 1) fair treatment to all kinds of market entities with no invisible barrier to be set; 2)“Housing is for living rather than speculation” to be insisted and transformation to new development is encouraged; 3) mechanism in favored to long-term institutional investors in participation of capital market will be optimized. Social security fund, pension, trust, insurance and asset management are supported to invest more funds on equity asset. 4) Share repurchase, ESOP and increasing proportion of cash dividend by listed companies are encouraged; 5) relationship management with investors will be guided with proactive response to market concerns to revitalize market confidence.

 

Industrial Economy

*Ministry of Transportation and 4 other depts jointly issued notice to push forward high-quality development of cold-chain logistics with infrastructure layout under plan and “large mile”facilities to be construction in big cities.

*Domestic-produced game version number restarted approving and issuance process after 8 months long suspension and 45 games have been approved in April.

*Suzhou has eased sales restriction of second hand housing from 5 years to 3 years, which has been confirmed by local property trading center and took effect from April 11th, Securities Journal reported.

 

*Block Trade Info

*Discount

- Silvery Dragon (603969 CH) saw 2 block trades worth 122mn at 4.85yuan per share, 7.44pct discount from last closing.

- Asia-Potash International (000893 CH) saw 1 block trade worth 41mn at 40.73yuan per share, 1.5pct discount from last closing.

- Humanwell Healthcare（600079 CH）saw 3 block trades worth 52mn at 14.07yuan per share, 2.43pct discount from last closing.

- Haitian Flavouring (603288 CH) saw 1 block trades worth 16mn at 76.77 yuan per share, 8.61pct discount from last closing.

 

*Flat

- HUADONG MEDICINE (000963 CH) saw 1 block trade worth 19mn at 30.28yuan per share, 0.00 discount from last closing.

 

*Premium

- Contemporary Amperex (300750 CH) saw 12 block trade worth 412mn at 460.07yuan per share, 0.23 premium 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 mostly closed down as May contract of WTI dropped by 3.13%, quoted at $95.18/barrel, the new low over the past month. Likewise, June contract of Brent shifted down by 3.33%, closed at $99.36/barrel. The market is concerning that the epidemic may lead to weak crude oil demand.

* COMEX gold futures closed higher to $1,957.5 per ounce with 0.61% increase, settled with gain for 4 consecutive days. COMEX silver futures settled at $25.25 per ounce, added 1.92%. Gold has been boosted by inflation concerns.

* For the night session on March 12, commodity market closed mixed for chemical and energy series leading the downside. EG, EB and bitumen all slipped over 1%, while paper pulp surged close to 4% and soda ash added 3.51%. Regarding black series, coal series mostly closed up slightly, while iron ore fell 0.23% and closed down. In terms of agricultural products, rapeseed meal dropped over 2%. Soybean meal and No.2 soybean went down by 1.15% and 0.72% respectively.

* LME metals mostly closed down with LME copper fell by 1.61% to $10,157.5/ton, LME zinc up by 0.46% to $4,274/ton, LME nickel slumped by 4.06% to $32,480/ton, and LME aluminum down by 3.64% to $3,351.5/ton, LME tin shifted 0.66% lower to $43,420/ ton.

 

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