DZ20220415

 

*Key points

Financials

*PBoC held Q1 financial statistics press conference and mentioned plan for the next step, monetary policy tool like RRR cut to be used at proper time with financial supports on real economy to be enhanced and comprehensive financing cost to be lowered.

*Sun Tianqi, head of PBoC financial stability dept suggest China saw financial risk under control and fund for security of financial stability to set up as back-up fund under control by central govt in coping with major financial risk as significant part of China financial safety network with other related industrial fund.

 

Property

*Head of financial market dept of PBoC suggest mortgage loan cut mainly happened at bank sides and banks in over 100 cities adjusted down mortgage rate by 20-60 bps since March. Besides, lower limit of down payment and rate was adjusted down by discipline mechanism of market rate pricing in some provinces. National development loan increased by cny 150bn in Q1 with balance remains at high level.

*Nanjing saw new supervisory policy on pre-sale fund of commercial housings and 60% supervisory fund can be disbursed at maximum with review complete within 5 working days.

 

Industrial Economy

*Ministry of Water Resources said to promote REITs in trial in water resource fields and participation of social capital on construction of water conservancy projects to be encouraged.

*Nanjing saw new supervisory policy on pre-sale fund of commercial housings and 60% supervisory fund can be disbursed at maximum with review complete within 5 working days.

 

*Block Trade Info

*Discount

- Yintai Gold (000975 CH) saw 1 block trade worth 132mn at 9.42 yuan per share, 10.96pct discount from last closing.

- Sinovatio Tec (002912 CH) saw 4 block trades worth 16mn at 21.34 yuan per share, 10.75pct discount from last closing.

- Wuhan Fingu（002914 CH）saw 2 block trades worth 27mn at 9.26yuan per share, 1.8pct discount from last closing.

- 37 Entertainment (002555 CH) saw 9 block trades worth 36mn at 21.24 yuan per share, 6.43pct discount from last closing.

- Humanwell Healthcare (600079 CH) saw 6 block trades worth 26mn at 13.54 yuan per share, 8.02pct discount from last closing.

- Pharmaron (300759 CH) saw 2 block trade worth 102mn at 115.38yuan per share, 0.45 discount from last closing.

*Flat

- China Shipbuilding (601989 CH) saw 2 block trades worth 103mn at 3.83 yuan per share, 0.00pct discount from last closing.

- Pengdu Agriculture (002505 CH) saw 2 block trade worth 149mn at 3yuan per share, 0.00 discount 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 up as May contract of WTI rose by 2.2%, quoted at $106.54/barrel, settled with gain for 3 days. Likewise, June contract of Brent shifted up by 2.44%, closed at $111.43/barrel.

* COMEX gold futures closed lower to $1,977.1 per ounce with 0.38% decline, added 1.62% WoW. COMEX silver futures settled at $25.855 per ounce with 0.67% decrease, shifted 4.16% higher WoW. Stronger USD plus the rising US treasury yield has put pressure on gold prices, but the demand for hedging still drove the price to move upward.

* For the night session on March 15, commodity market mostly closed up for black series leading the upside. Iron ore and coking coal both shifted over 2% higher, coke and thermal coal settled with gains and steel rebar rose by more than 1%. Regarding chemical and energy series, paper pulp and soda ash rose by 1.48% and 1.21% respectively, while EB and bitumen both dropped close to 2%. In terms of agricultural products, rapeseed oil and palm oil both inched up over 1%, while soybean meal slipped 0.41% lower and closed down.

* LME metals mostly closed up with LME copper rose by 0.32% to $10,332/ton, LME zinc down by 0.72% to $4,429.5/ton, LME nickel rose by 0.5% to $33,145/ton, and LME aluminum up by 1.95% to $3,299/ton, LME tin shifted 0.18% higher to $43,400/ ton and LME lead quoted 0.64% higher at $2,488 ton.

 

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