DZ20220510

 

*Key points

Financials

*PBoC issued 2022 Q1 China monetary policy execution report which introduced policies for the next stage including 1) maintain stable growth of monetary credit, social financing and abundant liquidity; 2) well play the role of structural monetary policy tool; 3) build up mechanism to support real economy and insist “housing is for living rather than speculation” rather than stimulus in the short term; 4) optimize market reform of interest and exchange rate, promote globalization of yuan and develop offshore yuan market; 5) deepen financial reform, accelerate system construction and enhance law execution; 6) optimize financial risk prevention, alert and disposal system.

*PBoC Shenzhen branch issued notice to promote financial supports on pandemic control and social development with 14 detailed measures raised to enhance credit support, stable growth and employment.

 

Policy

*MIIT issued notice on poverty alleviation of medium-small enterprises and to increase preferential loans by cny 1.6tn, ensure supply of commodity raw material with stable price and strengthen supervision of spot and futures market. Average fee of broadband and wires to be cut by 10% with market construction of green smart home appliance, materials and agriculture products encouraged.

*Teleconference in promoting stable development of foreign trade and capital was held which emphasized to insist “dynamic zero” pandemic policy and to stabilize fundamental of foreign trade and capital.

 

Industrial Economy

*China weighs broader crackdown on China chipmakers, Information reported.

 

*Block Trade Info

*Discount

- Sinofibers Tech (300777 CH) saw 1 block trade worth 50mn at 38.8yuan per share, 19.74 discount from last closing.

- Merchants Bank (600036 CH) saw 3 block trades worth 211mn at 35.74yuan per share, 2.01 discount from last closing.

- Lead Intelligent Equip (300450 CH) saw 1 block trade worth 23mn at 42.89yuan per share, 0.00 discount from last closing.

*Flat

- Zijin Mining (601899 CH) saw 2 block trades worth 118mn at 9.8yuan per share, 0.00pct discount from last closing.

- Lead Intelligent Equip (300450 CH) saw 1 block trade worth 23mn at 42.89yuan per share, 0.00 discount from last closing.

- Huatian Tech (002185 CH) saw 7 block trades worth 166mn at 8.25yuan per share, 0.00 discount from last closing.

*Premium

- Yaoji Tech (002605 CH) saw 1 block trades worth 55mn at 15.03 yuan per share 0.07 premium from last closing.

- Contemporary Amperex (300750 CH) saw 3 block trades worth 61mn at 368.8 yuan per share 0.08 premium from last closing.

 

*Margin Trade

*Connection Trade

-Nouthbound and Southbound trading was suspended on May 9th.

*Index Futures

*Index Options

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

 

Commodities (night session):

 

* Dragged by the slump of financial market, Global crude oil price fell collectively. June NYMEX crude oil contract down 6.76% to closed at $102.35/b, July Brent contract down 6.35% to closed at $105.25/b. INE crude oil active contract down 5.35% to 667.1 yuan/b.

* COMEX gold active contract fell 1.55% to closed at $1853.7/oz, SHFE gold active contract closed at 402.76 yuan/gram (down 0.59%).

* Metals all closed down. LME aluminum down 3.27%, copper down 1.53%. SHFE aluminum down 0.08%, copper down 0.25%, bonded copper down 0.47%.

* Commodity futures mostly closed down, Energy & chemistry futures saw weak performance, soda ash down 5.23%, fuel oil down 4.15%, glass down 3.98%. Black series all declined, iron ore down 4.62%, hot-rolled coil down 2.03%, steel rebar down 1.84%, coke down 1.69%, coking coal down 1.52%. Agriculture futures most went down as well, No.2 soybean down 2.49%, rapeseed meal down 2.04%.

 

 

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