DZ20220630

 

*Key points

*Post-COVID

*Shanghai will gradually open museums, art galleries and tourist attractions starting July 1 based on the current Covid situation in the city, and will also gradually open cinemas, performance venues from July 8, CCTV reports.

 

Financials

*AMAC: as of end-May, in total of 139 fund management companies are registered in China and accumulated NAV under management by around cny 26.26tn.

 

Industrial Economy

*Vice premier Han Zheng emphasized during investigation in Taiyuan, Shanxi province that clean and high efficient utilization of coal to be promoted with medium-long term contracts of coal power enforced. Digital and smart renovation of traditional industries to be promoted and green construction to be developed.

*Shenzhen housing and urban-rural development dept issued plan of housing development in 2022 which plans to provide 215 hectare land for commercial housings and around 60k units of commercial housings will be approved for sale.

*The adjustment plan of medical insurance drug list for the 5th round was announced which optimized application range, entry methods, contract extension rules and work procedure. Official declaration to be launched on July 1st with result to be announced in Nov 2022 and executed on Jan 1st, 2023.

*China will not raise fuel prices when international crude price exceeds cap of usd130 per barrel and will offer subsidies to refiners, according to NDRC.

*CAPA Auto issued weekly report for June 20-26 and estimated NEV sales in June would be close to 500,000 vehicles.

 

Co Focus

*Luzhoulaojiao (000568 CH) held 2021 shareholder meeting which suggest baijiu market to gradually recover in 2H with cooperation between market participants in market exploration. Breakthrough of sales scale and management efficiency to be accelerated for the top 3, China Securities Journal reported.

 

June 28th Block Trade

*Block Trade Info

*Discount

- Circuit Fabology Microelectronics (688630 CH) saw 4 block trades worth 30mn at 60.98yuan per share, 6.75 discount from last closing.

- Wanhua Chemical (600309 CH) saw 3 block trades worth 297mn at 87.25yuan per share, 7.64 discount from last closing.

- National Silicon Industry (688126 CH) saw 3 block trades worth 54mn at 20.68yuan per share, 9.18 discount from last closing.

- Salt Lake (000792 CH) saw 3 block trades worth 104mn at 29.63 yuan per share, 0.9 discount from last closing.

- Inovance Tech (300124 CH) saw 5 block trades worth 226mn at 62.85 yuan per share, 3.79 discount from last closing.

- Monalisa Group (002918 CH) saw 8 block trades worth 52mn at 15.93 yuan per share, 12.81 discount from last closing.

- Trina Solar Co (688599 CH) saw 6 block trades worth 290mn at 62.01yuan per share, 6.82 discount from last closing.

 

*Premium

- Eastern Shenghong (000301 CH) saw 2 block trades worth 355mn at 16.73yuan per share, 0.45 premium from last closing.

- Tibet Summit Resources (600338 CH) saw 1 block trade worth 44mn at 29.92yuan 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)

 

Commodities (night session):

 

* Global crude oil price closed down collectively. August NYMEX crude oil contract down 1.91% to closed at $109.63/b, August Brent contract down 1.32% to closed at $112.30/b. INE crude oil active contract down 0.59% to 724.0 yuan/b. EIA report put a damper on the oil market with increase in gasoline and distillate storage and US production.

* Precious metals closed down collectively. COMEX gold active contract down 0.11% to closed at $1819.2/oz, SHFE gold active contract down 0.16% to closed at 393.38 yuan/gram. Higher USDX and US bong yield lowered the gold price. Gold price fluctuated due to anxious of the depression pressure of US economy and Fed anti-inflation policies.

* Metals closed mixed. LME nickel up 3.16%, LME copper up 0.53%, LME aluminum down 0.74%, LME lead down 2.13%. SHFE nickel up 2.73%, SHFE copper up 0.39%, SHFE aluminum down 0.62%.

* Commodity futures closed up mostly, energy & chemistry futures showed a strong performance, bitumen up 1.65%, EG up 1.64%, LPG up 1.18%. Black series went up mostly, iron ore up 0.74%, steel rebar up 0.66%, coking coal down 1.1%. Agriculture futures closed mixed, cotton up 3.31%, cotton yarn up 2.71%, corn down 0.64%.

 

 

 

 

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