DZ20220425

 

*Key points

Financials

*PBoC held conference in research of measures on financial supports of stable growth which pointed out to carry out stable monetary policy, maintain abundant liquidity and reduce comprehensive financing cost. Production and supply of agriculture products, coal, petroleum and natural gas will be emphasized. Supports on real economy to be enhanced on basis of policy issued to maintain stable market and economy.

*CSRC held conference which emphasized to well promote issuance of local government special bonds and supporting financing work with construction of major infrastructure projects to speed up. Medium-long term loan of manufacturing industries will be guided to increase for better financial service on key tech and innovative firms. Long-term efficiency mechanism of property industry to be optimized with improving and rigid housing demand to be supports for benign cycle and healthy development of property sector.

*Ministry of Foreign Exchange said to further deepen reform and opening-up in foreign exchange field with facilitation of cross-border trade investment promoted and service optimized in priority of medium-small enterprises.

*Tian Huiyu, former head of China Merchants Bank (600036 CH) was reported for severe law violation with additional two senior bank officers been reported under investigation as anti-corruption promoted in financial field.

*Several shareholding banks to adjust down rate of 3-year special fixed deposit by 10bps and 2.8% at the lowest from April 25th, Cailian reported, though the 4 major state-owned banks suggest no notice been received yet.

 

Property

*Ministry of Housing said to focus on urban renewal, renovation of old communities, construction of security housings and underground pipe network. Measures with greater strength to be under research and used to release potentials of internal demand.

 

Industrial Economy

*The State Grid and Southern Grid expect accumulated grid investment to exceed cny 2.9tn during the 14th FY period with industry to upgrade and see sustainable growth.

 

Co Focus

*CATL (300750 CH) announced to delay Q1 result disclosure from April 28th to 30th to ensure quality and accurancy.

 

*Block Trade Info

*Discount

- CICC (601995 CH) saw 1 block trade worth 75mn at 35.5 yuan per share, 7.72pct discount from last closing.

- Sinofibers Tech (300777 CH) saw 1 block trade worth 50mn at 39.31yuan per share, 8.92 discount from last closing.

- Sungrow Power (300274 CH) saw 3 block trades worth 31mn at 64.93 yuan per share, 0.34pct discount from last closing.

- NHU Company (002001 CH) saw 6 block trades worth 154mn at 28.47 yuan per share, 2.00pct discount from last closing.

- Macalline (601828 CH) saw 5 block trades worth 153mn at 6.15 yuan per share, 2.36 discount from last closing.

- Huaheng Biotechnology (688639 CH) saw 4 block trades worth 93mn at 83.08 yuan per share, 9.87pct discount from last closing.

 

*Flat

- Eve Energy (300014 CH) saw 1 block trade worth 23mn at 62.2 yuan per share, 0.00 pct discount from last closing.

- Dongxing Securities (601198 CH) saw 18 block trades worth 700mn at 8.73 yuan per share, 0.00pct premium 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):

* Global crude oil price fell collectively. June NYMEX crude oil contract down 1.97% to closed at $101.75/b, July Brent contract down 2.2% to closed at $105.58/b. INE crude oil active contract down 2.91% to 661.1 yuan/b.

* COMEX gold active contract fell 0.81% to closed at $1932.5/oz, SHFE gold active contract closed at 405.36 yuan/gram (up 0.15%).

* Metals mostly closed down. LME nickel down 2.24%, aluminum down 1.62%, copper down 2.1%. SHFE nickel down 6.23%, aluminum down 1.71%, copper down 1.08%, bonded copper down 1.43%.

* Commodity futures mostly closed down, Energy & chemistry futures saw weak performance, methanol down 3.8%, glass down 2.26%, bleached softwood kraft pulp down 1.97%, PVC down 1.95%, LPG down 1.94%. Black series mostly went down, iron ore down 6.07%, coke down 4.27%, coking coal down 2.72%, steel rebar down 2.51%. Agriculture futures most declined as well, rapeseed meal down 2.26%, soybean meal down 1.22%.

 

 

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