DZ20220523

 

*Key points

Policy

*CSRC issued notice to better play the function of capital market and to support recovery in regions under pandemic impact with supports of direct financing, policy extension, supervision and institutional function to be enhanced.

 

Industrial Economy

*Civil Aviation Administration issued guaranteed measures for domestic airlines and cash subsidies to be given to flights with losses, take effect from May 21st to July 20th at max of 4.5k flights, 24.5k yuan per hour and estimated cny 13bn to be subsidized in total.

*CBIRC said to promote reform of medium-small banks in rural regions with participation of M&A encouraged for qualified banks, insurers and other qualified institutions.

*The State Council issued opinions to promote digital strategy of national culture with 8 key tasks mentioned, including consolidate digital infrastructure and construction of digital service platform of culture.

*The central finance issued cny 10bn to farmers as one-time subsidy to support production, harvest and rising cost.

 

Co Focus

*SAIC to launch dozens of NEV types in coming years and it holds sales target of 6mio unit for 2022, as said on its shareholder conference.

 

Index

*Hang Seng Indexes Company Limited announced the results of its review of the Hang Seng Family of Indexesfor the quarter ended 31 March 2022. The total number of constituents will increase from 66 to 69 with SMIC, Orient Overseas, Zhongsheng Group and China Hongqiao Group being added while AAC Technologies Holdings being deleted. All changes will take effect on 13 June 2022.

 

May 20th Block Trade

*Block Trade Info

*Discount

- Sinofibers Tech (300777 CH) saw 2 block trades worth 143mn at 40.95yuan per share, 9.00 discount from last closing.

- Yihua Connector (002897 CH) saw 6 block trades worth 25mn at 31.16yuan per share, 14.63 discount from last closing.

- Marubi Biotechnology (600887 CH) saw 16 block trades worth 134mn at 19.39yuan per share, 17.28 discount from last closing.

- S.F. Holding (002352 CH) saw 4 block trades worth 534mn at 47.71yuan per share, 5.61 discount from last closing.

 

 

*Flat

- Zijin Mining (601899 CH) saw 2 block trades worth 36mn at 10.02yuan per share, 0.00 discount from last closing.

- Yili Industrial (600887 CH) saw 1 block trade worth 19mn at 37.68yuan per share, 0.00 discount from last closing.

- Pharmaron (300759 CH) saw 2 block trades worth 51mn at 113.21 yuan per share, 0.5 discount 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 rose collectively. July NYMEX crude oil contract up 0.42% to closed at $110.35/b, July Brent contract up 0.78% to closed at $112.83/b. INE crude oil active contract up 1.55% to 701.1 yuan/b.

* COMEX gold active contract rose 0.21% to closed at $1845.1/oz, SHFE gold active contract closed at 397.32 yuan/gram (down 0.05%).

* Metals performed mixed. LME aluminum up 2.17%, copper up 0.06%. SHFE aluminum up 0.58%, copper up 0.10%, bonded copper up 0.08%.

* Commodity futures mostly went up, Energy & chemistry futures saw diverge performance, methanol up 2.49%, fuel oil up 1.46%, glass down 0.44 %. Black series mostly closed up, coke up 2.06%, iron ore up 1.93%. Agriculture futures saw strong performance, RBD palm olein up 2.48%, soybean oil up 1.53%, rapeseed oil up 1.29%.

 

 

 

 

 

Download PDF

 

 

 

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.