DZ20220607

 

*Key points

Policy

*Shenzhen local government issued opinions on development of strategic emerging industrial cluster and cultivation of future industries which suggested promoting construction of 12-inch chip production line and 3rd generation semiconductor with added value of strategic emerging industry to exceed cny 1.5tn by 2025.

*Hangzhou issued notice to support housing accumulation funds, which adjusted up withdrawal quota by 25% on current standard per month.

 

Financials

*China Banking Association proposed to enhance credit injection with sustainable growth of credit balance to be realized in hotel, catering, retail, culture, tourism and transportation industries. Lending rate to be cut and debt cost management to be enhanced.

*CBIRC issued opinions to guide financial asset management firms to focus on main business and to actively participate in reform of medium-small financial institutions, which prohibits concealment of actual risk via structural design and fake tables of non-performing asset to prevent loss of state-owned asset.

 

June 6th Block Trade

*Block Trade Info

*Discount

- SMIC (688981 CH) saw 29 block trades worth 913mn at 42.56yuan per share, 2.23 discount from last closing.

- CITIC Securities (600030 CH) saw 6 block trades worth 66mn at 22.3yuan per share, 1.65 discount from last closing.

- Cnpc Capital (000617 CH) saw 5 block trades worth 336mn at 4.75yuan per share, 0.72 discount from last closing.

- Unisplendour Corporation (000938 CH) saw 4 block trades worth 365mn at 20.16yuan per share, 2.55 discount from last closing.

- Anjoy Foods (603345 CH) saw 12 block trade worth 595mn at 121.63yuan per share, 8.29 discount from last closing.

- Annada (002136 CH) saw 2 block trades worth 50mn at 15.98yuan per share, 1.84 discount from last closing.

- Oriental Yuhong (002271 CH) saw 65 block trades worth 2641mn at 47.07yuan per share, 0.22 discount from last clos

 

*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 0.45%, quoted at $119.40/barrel. The August contract of Brent shifted higher by 0.48%, closed at $120.30/barrel.

* COMEX gold futures closed lower to $1,843.9 per ounce with 0.34% decline, while COMEX silver futures settled at $22.09 per ounce, up by 0.83%.

* For the night session of June 7, commodity market closed mixed. Regarding chemical and energy sector, PTA rose the most with 1.67% increase, while fuel oil and natural rubber closed 2.82% and 0.52% respectively. Likewise, black series closed mixed as coking coal, coke slightly went up, while iron ore and steel rebar slipped by 0.05% and 0.25% respectively. In terms of agricultural products, sugar closed 0.66% higher, while rapeseed meal and soybean meal both dropped close to 1%.

* LME metals mostly closed up with LME copper rose by 2.56% to $9,743/ton, LME zinc up by 0.22% to $3,873/ton, LME nickel rallied by 4.91% to $29,500/ton, LME aluminum up by 2.31% to $2,789/ton. LME tin shifted 2.28% higher to $35,725/ ton, and LME lead quoted 2.24% higher at $2,217.5 ton.

 

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