DZ20220419
*Key points
Financials
*PBoC and SAFE issued 23 measures amid covid outbreak and aim to improve financial service for key consumption fields as well as new citizen groups. Relending supports to be provided for elderly care, consumption credit product and service to develop in order and financial products of commodity consumption, auto for instance are encouraged to be enriched to satisfy reasonable demand. Differentiated housing credit policy will be adopted to promote stable and healthy development of local property market.
*PBoC has transferred cny 600bn to the Ministry of Finance as of mid-April, equivalent to cny 600bn base money supply, which has the same effect as 25bp cut in RRR.
*Supervisory department raised new requirement on issuance of special bonds and local cities shall complete majority of incremental issuance by end of June with balance to complete in Q3, 21st century economy reported.
Co Focus
*Tian Huiyu, president and board member of China Merchants Bank has stepped down to take another assignment.
*Tesla Shanghai plant may have resumed production on April 18th and to work in close cycle until the Labor’s day holiday, according to someone familiar with this matter.
*Block Trade Info
*Discount
- Zijin Mining (601899 CH) saw 15 block trades worth 209mn at 10.83 yuan per share, 0.12pct discount from last closing.
- Guoxin Microelectronics (002049 CH) saw 3 block trades worth 18mn at 188.54 yuan per share, 0.3pct discount from last closing.
- Central China Securities (601375 CH) saw 4 block trades worth 31mn at 4.78 yuan per share, 9.41pct discount from last closing.
- BOC International (601696 CH) saw 25 block trades worth 600mn at 11.4 yuan per share, 7.81pct discount from last closing.
- ZTE Corporation (000063 CH) saw 8 block trades worth 60mn at 27.77yuan per share, 0.93 discount from last closing.
- Hla Group (600398 CH) saw 34 block trades worth 776mn at 5.1yuan per share, 6.14 discount from last closing.
*Flat
- Chongqing Brewery（600132 CH）saw 5 block trades worth 52mn at 121.46yuan per share, 0.00pct discount from last closing.
- Advanced Micro-Fabrication Equip (688012 CH) saw 2 block trades worth 67mn at 117.76 yuan per share, 0.00pct discount from last closing.
*Margin Trade
|
Total Margin Balance |
1.5589 trillion |
Total Short Selling Balance |
87.1billion |
|
SH Margin Balance |
0.8185 trillion |
SH Short Selling Balance |
57 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600036 |
740mio |
601988 |
2.38mio |
|
600062 |
167mio |
601198 |
1.71mio |
|
601166 |
157mio |
688538 |
1.33mio |
|
600622 |
81mio |
600016 |
1.32mio |
|
601658 |
78mio |
601668 |
1.1mio |
|
SZ Margin Balance |
0.7226 trillion |
SZ Short Selling Balance |
31.6 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300274 |
159mio |
300498 |
3.67mio |
|
300059 |
155mio |
300433 |
2.32mio |
|
002466 |
96mio |
002926 |
1.46mio |
|
002268 |
85mio |
000630 |
1.28mio |
|
002709 |
82mio |
002500 |
1.15mio |
*Connection Trade
- Northbound and southbound trading was suspended on Apr 18th.
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2205 |
110,282 |
6,920 |
54,582 |
517 |
56,138 |
-458 |
|
IF2206 |
37,438 |
561 |
57,164 |
-207 |
69,352 |
-450 |
|
IF2209 |
16,255 |
5,665 |
30,334 |
2,740 |
38,022 |
2,578 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2205 |
57,036 |
10,972 |
25,512 |
2,177 |
27,771 |
1,635 |
|
IH2206 |
23,622 |
4,150 |
26,105 |
1,215 |
34,028 |
1,297 |
|
IH2209 |
12,766 |
2,241 |
18,818 |
1,320 |
25,202 |
1,948 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2205 |
102,060 |
-2,574 |
77,445 |
-2,378 |
73,967 |
-2,528 |
|
IC2206 |
39,516 |
37 |
91,907 |
-476 |
106,478 |
-446 |
|
IC2209 |
17,482 |
1,964 |
81,430 |
324 |
89,701 |
356 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2205 |
116905 |
24866 |
58811 |
4939 |
60023 |
4651 |
|
IO2206 |
14572 |
8217 |
26816 |
1493 |
31747 |
1764 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2206 |
32,357 |
-10,243 |
42,138 |
652 |
44,868 |
479 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2206 |
71,835 |
2,012 |
84,473 |
-2,430 |
90,709 |
-4,776 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2206 |
128,406 |
20,223 |
130,076 |
159 |
136,176 |
-2,228 |
|
T2209 |
8,561 |
2,969 |
17,333 |
284 |
17,977 |
498 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Nickel |
ni2205 |
244,100.0 |
+5.28% |
70,715 |
50,130 |
|
Stainless Steel |
ss2205 |
20,425.0 |
+3.76% |
69,560 |
44,890 |
|
Zinc |
zn2205 |
28,855.0 |
+2.74% |
93,573 |
104,278 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Low Sulfur Fuel Oil |
lu2207 |
5,186.0 |
-1.74% |
26,010 |
32,270 |
|
Fuel Oil |
fu2209 |
4,136.0 |
-1.19% |
356,049 |
302,883 |
|
Rapeseed Oil |
oi209 |
13,300.0 |
-0.92% |
94,522 |
158,713 |
Commodities (night session):
* Global crude oil price rose collectively. June NYMEX crude oil contract up 0.6% to closed at $107.02/b, June Brent contract up 0.88% to closed at $112.68/b. INE crude oil active contract rose 0.75% to 702.7 yuan/b.
* The rise of inflation added demand for safe-haven asset. COMEX gold active contract rose 0.36% to closed at $1982/oz to 5-week high, SHFE gold active contract closed at 405.28 yuan/gram (down 0.44%).
* Metals mostly closed up. LME aluminum up 1.94%, copper up 0.14%. SHFE aluminum up 1.54%, copper up 0.15%, bonded copper up 0.31%.
* Commodity futures mostly closed up, Energy & chemistry futures saw strong performance, methanol up 2.55%, soda ash up 2.4%, PP up 2.13%. Black series closed up collectively, coke up 1.9%, iron ore up 1.15%, coking coal up 1.09%. Agriculture futures performed mixed, No2. soybean up 1.28%, rapeseed oil down 0.92%.
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.
