DZ20220524

 

*Key points

Policy

*Premier Li Keqiang held State Council general meeting with 33 measures to be released from 6 aspects to further stabilize economy, including 1) tax deduction and refund in more industries, cny 2.64tn in total for the year as well as delaying payment of social insurance fees; 2) quota and ratio of preferential micro loan support to be doubled; 3) stabilize industrial and supply chain with smooth transportation to be ensured and more domestic flights; 4) promote consumption and effective investment with cny 60bn purchase tax of vehicles to be reduced, housing demand to be supported and new water conservancy projects to be launched; 5) energy safety to be ensured; 6) unemployment insurance and poverty assistance to be emphasized.

*Action plan of rural construction was issued which aimed to achieve substantial progress by 2025. Clean energy construction projects are required to be implemented with distributive low carbon energy network to be built up. Facilities of cold chain logistics to be built up and construction of information infrastructure to be enhanced.

Property

*Harbin city announced to repeal notice issued in 2018 on further adjustment of property market that trading of second hand housings to be fully eased and destocking of commercial houses built promoted.

 

Co Focus

*BOE Tech (000725 CH) said in response to news saying its orders been cancelled by Apple for tampering design of iPhone OLED panels that it stays close cooperation with clients worldwide with annual target unchanged in OLED field and business been promoted in order.

 

May 23rd Block Trade

*Block Trade Info

*Discount

- Ping An Insurance (601318 CH) saw 1 block trades worth 19mn at 40yuan per share, 8.86 discount from last closing.

- Zhejiang Construction (002761 CH) saw 1 block trade worth 65mn at 32.4yuan per share, 3.31 discount from last closing.

- Salt Lake (000792 CH) saw 2 block trades worth 16mn at 31.77yuan per share, 0.59 discount from last closing.

- Nce Power (605111 CH) saw 1 block trade worth 33mn at 109.43yuan per share, 1.5 discount from last closing.

- Sansure Biotech (688289 CH) saw 7 block trades worth 37mn at 45yuan per share, 12.11 discount from last closing.

- Foxconn Industrial Internet (601138 CH) saw 6 block trades worth 129mn at 9.05 yuan per share, 4.03 discount from last closing.

 

*Flat

- S.F. Holding (002352 CH) saw 6 block trades worth 87mn at 50.17yuan per share, 0.00 discount from last closing.

- Guilin Fuda (603166 CH) saw 3 block trade worth 153mn at 9.15yuan 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 up as July contract of WTI rose by 0.28%, quoted at $110.59/barrel. July contract of Brent shifted higher by 0.79%, closed at $113.44/barrel.

* COMEX gold futures closed higher to $1,852.1 per ounce with 0.54% increase, COMEX silver futures settled at $21.775 per ounce, up by 0.47%. Gold prices rebounded as US dollar went downward.

* For the night session of May 24, commodity market mostly closed down for chemical and energy sector remained sluggish. LPG and fuel oil dropped by 2.81% and 1.92% respectively. Glass fell by approximately 2% as well. Regarding black series, coking coal and coke both slipped more than 2% lower. Iron ore settled with more than 1% decline. In terms of agricultural products, rapeseed meal fell the most with 3.69% decline.

* LME metals mostly closed up with LME copper rose by 1.16% to $9,531/ton, LME zinc up by 1.83% to $3,775/ton, LME nickel fell by 0.69% to $27,780/ton, while LME aluminum rose by 0.31% to $2,955/ton. LME tin shifted 0.35% lower to $34,545/ ton, and LME lead quoted 1.6% higher at $2,194.5 ton.

 

 

 

 

 

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