DZ20220427

 

*Key points

Industrial Economy

*President Xi chaired the 11th meeting of central finance and economy committee which emphasized to enhance infrastructure construction and to boost fiscal spending on related projects.

*The research white paper of energy storage industry 2022 was issued which suggest the equipment installment of power energy storage projects in China increased over 10GW in 2021 after over 300 policies issued and investment plan on the industrial chain exceeded cny 1.2tn, Shanghai Securities Journal reported.

*State Tobacco Monopoly Bureau issued guideline of overseas public listing of e-cigarette firms with pre-examination and prudent supervision to be carried out.

 

Financials

*Rumors suggest the “national team” cut stake holding on A-shr from cny 3.2tn since last Dec to cny 60bn until this March, which has been clarified by someone close to be supervisory office as untrue and related institutions maintain stable holdings and no stake cut.

*State-owned banks cut regular 2 and 3-year fixed deposit rate by 10 bps to 2.25% and 2.75% respectively, as the declining deposit rate as trend with other banks to follow up, Shanghai Securities Journal reported.

*CSRC issued opinions to promote high quality development of public fund industry with professional asset management institutions to be cultivated. Qualified financial institutions like commercial banks, insurers and securities companies are supported to set up fund management companies.

 

Apr 26th Block Trade

*Block Trade Info

*Discount

-China Pacific Insurance (601601 CH) saw 1 block trade worth 25mn at 18.73 yuan per share, 7.78pct discount from last closing.

- Yongjin Metal (603995 CH) saw 2 block trades worth 26mn at 43.5 yuan per share, 1.72 discount from last closing.

- Yifeng Pharmacy (603939 CH) saw 14 block trades worth 74mn at 29.86yuan per share, 8.52 discount from last closing.

- NHU Company (002001 CH) saw 3 block trades worth 31mn at 25.59 yuan per share, 1.01pct discount from last closing.

- Walvax Biotechnology (300142 CH) saw 1 block trade worth 64mn at 45yuan per share, 11.05 discount from last closing.

- Supor Co (002032 CH) saw 1 block trade worth 40mn at 55.09 yuan per share, 0.00pct discount from last closing.

 

*Flat

- China Duty Free (601888 CH) saw 2 block trades worth 15mn at 180.02 yuan per share, 0.00pct discount from last closing.

- Wuliangye (000858 CH) saw 7 block trades worth 30mn at 158.5 yuan per share, 0.00pct 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 June contract of WTI rose by 3.22%, quoted at $101.71/barrel, and July contract of Brent shifted up by 2.82%, closed at $105.04/barrel. For the week ending on April 22, the API crude oil stocks added by 4.78 million barrels, estimation was 2.17 million barrels.

* COMEX gold futures closed higher to $1,906.4 per ounce with 0.55% increase. COMEX silver futures settled at $23.59 per ounce with 0.59% decrease. Gold prices tend to rebound as the market still concerns about inflation and economic growth.

* For the night session of April 27, commodity market mostly closed up for chemical and energy series leading the upside. Fuel oil rose the most, surged by 4.6%. Low sulfur fuel oil and PTA added by 1.69% and 1.5% respectively. Black series went up as well, iron ore climbed by 2.86%, coking coal shifted up by approximately 2%, while thermal coal slipped by 0.47%. In terms of agricultural products, palm oil rebounded by 3.18%, soybean oil closed more than 2% higher and closed up.

* LME metals mostly closed up with LME copper rose by 0.32% to $9,800/ton, LME zinc up by 0.61% to $4,194/ton, LME nickel rose by 1.27% to $33,050/ton, while LME aluminum slipped by 0.34% to $3,080/ton, LME tin shifted 1.47% higher to $40,445/ ton, and LME lead quoted 0.73% higher at $2,344 ton.

 

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