DZ20220426

 

*Key points

Financials

*PBoC cut forex RRR of financial institutions by 1% to 8% from May 15th.

*The State Council issued opinions on further release of consumption potentials and continuous recovery with poverty alleviation to be enhanced and policies on tax and fee reduction implemented. Subsidies will be distributed to firms in need to stabilized market entities. Commodity consumption like automobiles will be steadily increased with no additional purchase restriction measures allowed.

 

Property

*PBoC held discussion with 12 distressed property developers on disposal of non-performing asset which loosen restrictions on a range of financing, from lending for property acquisitions to extending maturities on debt, according to someone familiar with matter and confirmed by someone inside the developers.

 

Industrial Economy

*The State Tobacco Monopoly Administration issued measures to promote legalization and standardization of e-cigarette industry with industrial structure to be optimized and capacity under control. Domestic sales will be under unified management to realize balance of supply and demand. Foreign investment in distribution and retail of e-cigarette products is prohibited with examination to be carried out.

 

Co Focus

*Kuaishou e-commerce launched plan to support Kuai-brands with over 23bn flow to be provided for brand growth and around 500 brands to be developed in 2022.

 

*Block Trade Info

*Discount

- Greenland Holdings (600606 CH) saw 1 block trade worth 45mn at 4.28 yuan per share, 3.82pct discount from last closing.

- Longi Green Energy (601012 CH) saw 1 block trades worth 14mn at 68 yuan per share, 20.12 premium from last closing.

 

*Flat

- Zheshang Bank (601916 CH) saw 2 block trade worth 40mn at 38.83 yuan per share, 0.00pct discount from last closing.

- Yisheng Livestock (002458 CH) saw 1 block trade worth 28mn at 9.52yuan per share, 0.00 discount from last closing.

- Eve Energy Co (300014 CH) saw 1 block trade worth 76mn at 56.45 yuan per share, 0.00pct discount from last closing.

- Supor Co (002032 CH) saw 1 block trade worth 32mn at 52.58 yuan per share, 0.00pct discount from last closing.

- Century Huatong (002602 CH) saw 1 block trade worth 34mn at 4.8yuan per share, 0.00 discount from last closing.

 

*Premium

- Longi Green Energy (601012 CH) saw 1 block trades worth 14mn at 68 yuan per share, 20.12 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 3.38% to closed at $98.62/b to 2-week low, July Brent contract down 3.7% to closed at $102.22/b. INE crude oil active contract down 3.77% to 633.7 yuan/b.

* The rise of USD index imposed pressure on gold price. COMEX gold active contract fell 1.82% to closed at $1899.1/oz, SHFE gold active contract closed at 400.62 yuan/gram (down 1.13%).

* Metals mostly closed down. LME nickel down 1.62%, aluminum down 5.04%, copper down 2.71%. SHFE nickel down 5.63%, aluminum down 3.53%, copper down 1.78%, bonded copper down 2.17%.

* Commodity futures mostly closed down, Energy & chemistry futures saw weak performance, glass down 5.01%, EG down 4.85%, soda ash down 4.6%. Black series mostly went down, iron ore down 4.22%, coke down 3.67%, coking coal down 2.64%. Agriculture futures most declined as well, RBD palm olein down 5.25%, soybean oil down 3.8%.

 

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