DZ20220613

 

*Key points

Macro

*PBoC: May newly added social financing of cny 2.79tn, up cny 839.9bn y/y. M2 balance of cny 252.7tn, up 11.1% y/y and M1 balance of cny 64.51tn, up 4.6% y/y. New yuan loan increased by cny 1.89tn, cny 392bn more vs last year.

 

Financials

*New A-shr investors in May of 1.2mio, down 4.3% y/y while exceed 1mio for 7 consecutive month with total investors close to 205mio, according to CSDCC.

*AMAC issued guidance on performance assessment and salary management of fund management companies which raised specific requirements to be adjusted by Dec 20th 2022. Fund managers shall purchase self-managed public fund products by no less than 30% of salary of the year.

*Discussion and research to issue stock investment consulting business in trial been conducted by CSRC, while no clear expectation on official introduction.

 

Industrial Economy

*China May public charging equipment increased by 87k units vs last month and up 60.5% y/y, according to China Charging Union.

*Ministry of Agriculture issued plan to expand effective investment of agriculture in rural regions and to disburse funds to support food and oil production with fiscal supporting policies to be carried forward.

*National Energy Administration held meeting on project development of water pumping and energy storage with target clarified during the 14th FY. Manufacturing capacity of unit equipment to be improved to satisfy demand of massive project construction.

 

Co Focus

*Sokon Industry Group signed strategic cooperation contract with Commercial Bank Chongqing Branch, the latter granted cny 6bn credit on co for related financing of auto consumption and supply chain.

*As revealed by president of Kerry Arawana that Q2 to outperform vs Q1 with better capacity utilization and stable growth of order. Co is considering to lift up product price for the 3rd time within the year.

 

June 10th Block Trade

*Block Trade Info

*Discount

- Zijin Mining (601899 CH) saw 3 block trades worth 43mn at 10.02yuan per share, 1.7 discount from last closing.

- Supcon Tech (688777 CH) saw 3 block trades worth 34mn at 75.88yuan per share, 6.49 discount from last closing.

- China Shenhua (601088 CH) saw 2 block trades worth 39mn at 34.53yuan per share, 0.8 discount from last closing.

- iRay Tech (688301 CH) saw 5 block trades worth 29mn at 411.84yuan per share, 1.00 discount from last closing.

- Salt Lake (000792 CH) saw 6 block trades worth 204mn at 31.94yuan per share, 0.41 discount from last closing.

- Oriental Yuhong (002271 CH) saw 3 block trades worth 154mn at 45yuan per share, 3.93 discount from last closing.

- Chengxin Lithium (002240 CH) saw 3 block trades worth 127mn at 55.59yuan per share, 6.27 discount from last closing.

 

*Flat

- Cnpc Capital (000617 CH) saw 2 block trades worth 196mn at 4.9yuan 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 0.86%, quoted at $120.47/barrel. The August contract of Brent shifted lower by 0.93%, closed at $121.93/barrel. For the week ending on June 10, WTI and Brent shifted up by 1.35% and 1.85% respectively.

* COMEX gold futures closed higher to $1,875.2 per ounce with 1.21% increase, COMEX silver futures settled at $21.925 per ounce, up by 0.5%.

* For the night session of June 13, commodity market mostly closed down with Chemical and energy sectors remained weak for PTA suffered the most, dropped 3.15%. EG and TSR 20 quoted 1.54% and 1.46% lower respectively. Black series mostly closed down with iron ore and coking coal both shifted down by more than 1%, excluding thermal coal up by 0.16%. In terms of agricultural products, palm oil fell by 2.18%, both soybean oil and No.2 soybean slipped over 1% and closed down.

* LME metals all closed down with LME copper fell by 1.87% to $9,435/ton, LME zinc down by 1.66% to $3,699.5/ton, LME nickel slumped by 2.76% to $27,250/ton, LME aluminum down by 2.84% to $2,682.5/ton. LME tin shifted 4.74% lower to $35,000/ ton, and LME lead quoted 2.46% lower at $2,142 ton.

 

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