DZ20220428

 

*Key points

Policy

*Premier Li Keqiang held State Council general meeting and stressed keeping employment stable and logistics smooth. Value added tax will be exempted on qualified express deliveries from May 1st to the end of 2022 with cny 100bn refinancing issued to support logistics and storage firms. Delayed payment of automobile purchase loan will be supported.

*Shenzhen to issue cny 500bn consumption coupon to residents through platform like meituan and JD to boost domestic demand and consumption, according to local commerce dept.

 

Financials

*China reported a current account surplus of cny 568.5bn in Q1 with trade in goods contributed cny 920.5mio and trade in service saw deficit of cny 115.6bn, as disclosed by State Administration of Foreign Exchange.

*State Administration of Taxation disclosed alleviation of tax and fee burden for enterprises and cash flow injection by over cny 1tn as of April 20th.

 

Property

*Rumors saying Nanjing has eased house purchase and mortgage restrictions, though no official document been received by local housing administration, new house purchase certificate been acquired by someone own 2 houses already, China Securities Net reported.

 

Co Focus

*Longi adjusted up price of silicon wafer for the 6th time within the year with its monocrystalline wafer P type M6160 μm up 3.06% vs last time.

 

*Block Trade Info

*Discount

- Jolly Pharmaceutical (300181 CH) saw 1 block trade worth 133mn at 11.12 yuan per share, 3.89pct discount from last closing.

- Zijin Bank (601860 CH) saw 6 block trades worth 24mn at 3.03 yuan per share, 8.81discount from last closing.

- Unigroup Microelectronics (002049 CH) saw 3 block trades worth 18mn at 188.54 yuan per share, 0.3pct discount from last closing.

- Unisplendour Corporation (000938 CH) saw 4 block trades worth 365mn at 20.16yuan per share, 2.56 discount from last closing.

- Col Digital Publishing (002032 CH) saw 6 block trades worth 151mn at 9.48 yuan per share, 19.58pct discount from last closing.

- Central China Securities (601888 CH) saw 14 block trades worth 245mn at 6.7 yuan per share, 14.38pct 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.

 

*Premium

- Zijin Mining Group (601899 CH) saw 21 block trades worth 289mn at 10.34yuan per share, 0.16 premium 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 0.38%, quoted at $102.09/barrel, and July contract of Brent shifted up by 0.14%, closed at $104.76/barrel.

* COMEX gold futures closed lower to $1,886.6 per ounce with 0.92% decline. COMEX silver futures settled at $23.375 per ounce with 0.91% decrease. Gold prices hit the new 2-month low as US dollar surged sharply.

* For the night session of April 28, commodity market closed mixed for chemical and energy series leading the upside. Paper pulp and bitumen shifted up by 3.51% and 2.45% respectively. Fuel oil and low sulfur fuel oil both rose over 1% and closed up. Regarding black series, coking coal and coke fell by 1.4% and 0.78%, while iron ore rebounded by 2.25% and closed up. In terms of agricultural products, palm oil continued to rise by 2.81%, rapeseed oil inched up by 1.72% while soybean meal slipped 0.57% lower.

* LME metals closed mixed with LME copper fell by 0.05% to $9,855/ton, LME zinc up by 1.1% to $4,229.5/ton, LME nickel rose by 1.84% to $33,685/ton, and LME aluminum inched up by 1.68% to $3,116/ton, while LME tin shifted 0.85% lower to $40,200/ ton, and LME lead quoted 0.59% lower at $2,283 ton.

 

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