DZ20220531

 

*Key points

Shanghai

*Shanghai lifts access restrictions for residential compounds, taxi service and vehicle access from June 1st.

 

Policy

*The work conference to stabilize economic fundamental via fiscal supports was held, which pointed out to prioritize stable growth and to ensure reasonable growth of economy in Q2 with declining unemployment rate. Deduction and refund of VAT to be enhanced, fiscal expenditure to speed up and multiple measures released to support poverty alleviation of medium-small firms in difficulties. Issuance of local government special bonds to accelerate and to be basically used by end-Aug with range of supports widened.

 

Industrial Economy

*NDRC and National Energy Administration issued plan to promote high-quality development of new energy, aiming to achieve wind and solar power installment over 1.2bn kWh by 2030 with clean, low carbon and safe energy stem built up and 21 detailed measures raised from 7 aspects.

*MoF issued opinions on fiscal supports of carbon peak and neutral which pointed out to optimize government green purchase with standard to set up. NEV shall be purchased in priority for business purpose, new-type energy storage to be developed in qualified regions in trial and green low-carbon transformation in key fields is supported.

 

Co Focus

*SAIC Motor (600104 CH) said its vehicle production base has completed production over 10k units since stress test and recovered back to 80% of full capacity, China Securities Journal reported.

 

May 30th Block Trade

*Block Trade Info

*Discount

- SMIC (688981 CH) saw 2 block trades worth 74mn at 37.4yuan per share, 2.90 discount from last closing.

- Supcon Tech (688777 CH) saw 3 block trades worth 60mn at 70yuan per share, 6.23 discount from last closing.

- Salt lake (000792 CH) saw 4 block trades worth 109mn at 31.23 yuan per share, 0.95 discount from last closing.

- S.F. Holding (002352 CH) saw 1 block trade worth 20mn at 51.13yuan per share, 0.85 discount from last closing.

- Pharmaron(300759 CH) saw 2 block trades worth 68mn at 113.15yuan per share, 0.7 discount from last closing.

- Hongyuan Electronic Tech (603267 CH) saw 17 block trades worth 192mn at 114.08yuan per share, 7.95 discount from last closing.

- Lakala Payment (300773 CH) saw 3 block trades worth 35mn at 17.63yuan per share, 3.34 discount from last closing.

 

*Flat

- Cnpc Capital (000617 CH) saw 3 block trades worth 288mn at 4.76yuan 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 1.82%, quoted at $117.17/barrel and closed with gains for 4 consecutive days. The August contract of Brent shifted higher by 1.85%, closed at $117.7/barrel.

* COMEX gold futures went flat at $1,857.3 per ounce, while COMEX silver futures settled at $21.97 per ounce, down by 0.57%.

* For the night session of May 31, commodity market mostly closed up for black series leading the upside. Coking coal and iron ore shifted up by 2.9% and 2.46% respectively, while iron ore dropped by 3.6%. Regarding chemical and energy sector, EG inched up over 2%, both PVC and soda ash quoted by more than 1% higher, while paper pulp slumped over 3% and fuel oil down by 2.81%. In terms of agricultural products, rapeseed meal moved upward by 1.88%.

* LME metals mostly closed up with LME copper rose by 0.7% to $9,525/ton, LME zinc up by 1.6% to $3,905/ton, LME nickel rallied by 2.97% to $29,125/ton, LME aluminum up by 0.3% to $2,880/ton. LME tin shifted 0.28% higher to $34,200/ ton, and LME lead quoted 0.95% higher at $2,179.5 ton.

 

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