DZ20220525

 

*Key points

Policy

*PBoC and CBIRC analyzed monetary credit trend of financial institutions and plan on more credit injection. It is emphasized that all kinds of policy tools will be used from incremental expansion to stock stabilization in major regions and fields, green development, tech innovation, energy security and water conservancy for instance.

*Ministry of Housing and 2 other depts jointly issued supporting policy on house accumulation funds and enterprises under pandemic impact can apply for delayed payment.

 

International Relationship

*Air force of China and Russia organized regular joint strategic aircruise on May 24th.

 

Property

*Xiamen city allows families with two or more children to buy third home.

 

Industrial Economy

*As report issued by CINNO Research pointed out domestic smart phone sales in April of 17.6mio units, down 21.6% y/y and 12.2% m/m, the worst April monthly sales since 2015. It is predicted that the annual sales to decline by 7-8% y/y.

*The pricing of domestic covid oral medicine would be lower than imported medicines, may even below 200yuan, Securities Journal reported.

 

*Block Trade Info

*Discount

- CITIC Securities (600030 CH) saw 1 block trades worth 36mn at 18.1yuan per share, 5.93 discount from last closing.

- Ping An Insurance (601318 CH) saw 1 block trade worth 12mn at 40yuan per share, 7.28 discount from last closing.

- Infosec Tech (688201 CH) saw 1 block trade worth 43mn at 45.71yuan per share, 3.4discount from last closing.

- Milkyway Chemical (603713 CH) saw 2 block trades worth 55mn at 109.67 yuan per share, 6.29 discount from last closing.

- Jinke Property (000656 CH) saw 3 block trade worth 93mn at 3.09yuan per share, 3.13 discount from last closing.

 

*Flat

- Humanwell Healthcare (600079 CH) saw 2 block trades worth 36mn at 16.58yuan per share, 0.00 discount from last closing.

- Longi Green Energy (601012 CH) saw 1 block trade worth 19mn at 73.43yuan 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 closed mixed as July contract of WTI fell by 0.03%, quoted at $110.26/barrel. While July contract of Brent shifted higher by 0.37%, closed at $113.84/barrel. In the past two weeks, oil prices have fluctuated within a narrow range around $110/barrel as investors weighed the impact of the Russia-Ukraine conflict, including Hungary's opposition to the EU embargo on Russia oil and the global economic growth prospects.

* COMEX gold futures closed higher to $1,865.5 per ounce with 0.96% increase, COMEX silver futures settled at $22.115 per ounce, up by 1.8%.

* For the night session of May 25, commodity market mostly closed down for black series leading the downside. Coking coal and steel rebar slipped by 1.72% and 1.12% lower respectively. Both coke and thermal coal fell close to 1%. Regarding chemical and energy sector, bitumen rose the most with 3.12% increase, while methanol shifted 1.41% lower. In terms of agricultural products, palm oil rose by 0.83%, while corn down by 1.21%.

* LME metals mostly closed down with LME copper fell by 0.67% to $9,484/ton, LME zinc down by 0.46% to $3,768.5/ton, LME nickel fell by 4.5% to $26,485/ton, LME aluminum down by 2.67% to $2,877/ton. LME tin shifted 0.33% lower to $34,500/ ton, and LME lead quoted 0.84% lower at $2,173.5 ton.

 

 

 

 

 

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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.