DZ20220518

 

*Key points

Financials

*As article published on Qiushi magazine suggests the basic framework of financial stability security fund been established with cny 64.6bn raised. Deposit insurance system was enhanced with administrative method of insurance and trust funds to be optimized, Shanghai Securities Journal reported.

*MoF: accumulated stamp tax income of securities trading was cny 125bn in Jan-April, up 21.9% y/y.

 

Industrial Economy

*CPPCC held special conference in promoting sustainable healthy development of digital economy and as pointed out by vice premier Liu He that government to support development of platform and private economy as well as listing of digital companies in both domestic and overseas capital market.

*The automobile go-to-countryside policy likely to be issued in early June, according to someone familiar with this matter and vehicles priced under cny 150k are encouraged with subsidy of cny 3k-5k per unit. As predicted by industrial experts, sales of fuel consuming vehicles and NEV to be driven by 200k-300k and 300k-500k units respectively, China Securities Journal reported.

 

*Block Trade Info

*Discount

- Industrial Bank (601166 CH) saw 1 block trade worth 50mn at 17.41yuan per share, 11.13 discount from last closing.

- SMIC (688981 CH) saw 2 block trades worth 62mn at 41.35yuan per share, 2.91 discount from last closing.

- Tapai Group (002233 CH) saw 1 block trade worth 20mn at 8.65yuan per share, 1.03 discount from last closing.

- Cybrid Tech (603212 CH) saw 5 block trades worth 25mn at 20.41 yuan per share, 10.36 discount from last closing.

- Pingdingshan Coal (601666 CH) saw 2 block trades worth 42mn at 13.84yuan per share, 4.02 discount from last closing.\

- Dynanonic Co (300769 CH) saw 21 block trades worth 331mn at 246.95yuan per share, 9.82pct discount from last closing.

- Greenland Holdings (300769 CH) saw 2 block trades worth 191mn at 4 yuan per share, 5.88pct discount from last closing.

*Flat

- Chongqing Brewery (600132 CH) saw 2 block trades worth 39mn at 118.8yuan per share, 0.00 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 down as June contract of WTI fell by 0.47%, quoted at $113.66/barrel. July contract of Brent shifted lower by 1.3%, closed at $112.75/barrel.

* COMEX gold futures closed lower to $1,813.6 per ounce with 0.02% decline, while COMEX silver futures settled at $21.64 per ounce, added by 0.41%%. US stocks rose sharply weakened the demand of golds, while a weaker dollar limited the decline in gold prices.

* For the night session of May 18, commodity market closed mixed for fuel oil rose the most, added by 1.59%, while methanol fell by 1.8% and closed down. Regarding black series, thermal coal and coking coal fell by 1.73% and 1.03% respectively. Iron ore slipped 0.96% lower as well. In terms of agricultural products, rapeseed meal inched up by 0.83% and palm oil rose by 0.71%.

* LME metals mostly closed up with LME copper rose by 1.06% to $9,336/ton, LME zinc up by 2.48% to $3,652/ton, LME nickel fell by 0.47% to $26,425/ton, while LME aluminum rose by 1.77% to $2,882/ton. LME tin shifted 0.84% higher to $34,150/ ton, and LME lead quoted 0.02% higher at $2,095.5 ton.

 

 

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