DZ20220610

 

*Key points

Policy

*President Xi Jinping emphasized during investigation in Sichuan that overall tone of progress in stability shall be adhere to and calls for employment of college graduates. Application and promotion of modern agricultural technology shall be enhanced with trainings to develop green and high-efficient agriculture. As for covid, “zero pandemic case managed in dynamic” to be insisted.

*CBIRC held micro-finance special work conference and focus on incremental credit supply with target set for the year to be realized. State-owned banks shall ensure new preferential loans to small-micro firms of cny 1.6tn in 2022 with more credit injection required for shareholding banks.

 

Industrial Economy

*PCA: China May retail NEV sales up 111.5% y/y and up 49.8% m/m. Retail passenger vehicle sales down 16.9% y/y while rises 29.7% m/m. It expects passenger vehicle sales in June to grow above 10% y/y.

 

Co Focus

*Market rumors saying China considers reviving IPO of Ant Group and its financing holding licenses close to be approved, according to someone familiar with this matter. Though CSRC responded saying no related review or research was carried forward, listing of qualified platform firms in both domestic and overseas still under support.

*Li Bing, president of Nio said to equip 800V HV fast charging battery package on cars of the next generation in 2024 with new battery package launched into production in 2H 2024 and manufacturing strategy to be self-made plus external purchase, Securities Journal reported.

 

*Block Trade Info

*Discount

- Chengxin Lithium (002240 CH) saw 11 block trades worth 233mn at 54.06yuan per share, 8.59 discount from last closing.

- Supcon Tech (688777 CH) saw 7 block trades worth 95mn at 75.66yuan per share, 6.59 discount from last closing.

- Joinn Laboratories (603127 CH) saw 3 block trades worth 72mn at 110.72yuan per share, 6.00 discount from last closing.

- iRay Tech (688301 CH) saw 6 block trades worth 62mn at 413.65yuan per share, 1.00 discount from last closing.

- Salt Lake (000792 CH) saw 1 block trade worth 519mn at 29.24yuan per share, 8.77 discount from last closing.

- Pharmaron (300759 CH) saw 2 block trades worth 79mn at 132.18yuan per share, 0.5 discount from last closing.

- Imeik Tech (300896 CH) saw 2 block trades worth 104mn at 518.52yuan per share, 2.00 discount from last closing.

 

*Flat

- Cofco Capital (002423 CH) saw 1 block trade worth 70mn at 7.01yuan 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 down as July contract of WTI fell by 0.58%, quoted at $121.40/barrel. The August contract of Brent shifted lower by 0.53%, closed at $122.93/barrel. Rumors stated that the decrease was mainly due to US stocks slumped that further dragged oil prices, but the downward scope is limited.

* COMEX gold futures closed lower to $1,850.7 per ounce with 0.31% decline, COMEX silver futures settled at $21.695 per ounce, down by 1.81%.

* For the night session of June 10, commodity market mostly closed down. Chemical and energy sectors suffered the most with soda ash and glass both dropped over 2%, LPG and PVC slipped by 1.68% and 1.65% as well. Regarding black series, iron ore and coking coal settled with approximately 1% decline. In terms of agricultural products, rapeseed meal and soybean meal both went up, while palm oil closed 1.76% lower.

* LME metals all closed down with LME copper fell by 1.25% to $9,608.5/ton, LME zinc down by 1.2% to $3,775.5/ton, LME nickel slumped by 3.21% to $27,930/ton, LME aluminum down by 2.09% to $2,760/ton. LME tin shifted 0.67% lower to $36,850/ ton, and LME lead quoted 1.59% lower at $2,179 ton.

 

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