DZ20220714

 

*Key points

Financials

*Key points on PBoC 1H financial statistics: 1) market liquidity remains stable; 2) will guide banks to lower real lending rates; 3) to use policy tools flexibly at appropriate time; 4) credit and social financing to growth stable in 2H and maintain economic operation within reasonable range; 5) 99% of China's bank assets are within safe limits; 6) will continue to replenish capital for small banks; 7) three new structural monetary policy tools will be issued in quarter; 8) aims to cut the number of high-risk banks from 316 to less than 200 by 2025; 9) will step up support for pandemic-hit sectors.

 

Policy

*Premier Li Keqiang held State Council general conference urging for consumption promotion and measures in support of green smart appliances were confirmed. Besides, policies to be issued to stabilize employment.

 

Industrial Economy

*Nationwide solar power new installment in Jan-May period of 23.71mio kWh, up 139% y/y and total installed capacity around 327.89mio kWh, up 24% y/y, according to data by National Energy Administration.

*Ministry of Agriculture suggest there is no solid fundamental conditions to support continuous gains of hog price given abundant capacity of sows.

 

July 13th Block Trade

*Block Trade Info

*Discount

- Salt lake (00792 CH) saw 3 block trades worth 110mn at 31.37yuan per share, 0.8 discount from last closing.

- Trina Solar Co (688599 CH) saw 4 block trades worth 136mn at 68.17 yuan per share, 2.20 discount from last closing.

- Tianshan Aluminum (002532 CH) saw 3 block trades worth 211mn at 7.04yuan per share, 3.03 discount from last closing.

- Shenzhen Universe(000023 CH) saw 1 block trade worth 70mn at 10.5 yuan per share, 7.00 discount from last closing.

- Nanomicro Tech (688690 CH) saw 20 block trades worth 216mn at 66 yuan per share, 5.16 discount from last closing.

 

*Flat

- Wangfujing (600859 CH) saw 2 block trades worth 79mn at 23.68 yuan per share, 0.00 discount from last closing.

- Bank of Ningbo Co (002142 CH) saw 2 block trades worth 31mn at 32.9yuan 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)

 

Commodities (night session):

 

* Global crude oil price closed mixed. August NYMEX crude oil contract down 0.58% to closed at $96.40/b, September Brent contract up 0.36% to closed at $99.85/b. INE crude oil active contract down 0.08% to 651.6 yuan/b. Oil price rebounded slightly after oversold.

* Precious metals closed up collectively. COMEX gold active contract up 0.52% to closed at $1733.8/oz, SHFE gold active contract up 0.51% to closed at 378.76 yuan/gram.

* Metals closed down mostly. LME zinc down 2.72%, LME nickel down 1.75%, LME leads down 0.36%, LME copper up 0.63% on the contrast. SHFE zinc down 3.74%, SHFE nickel down 2.94%, SHFE leads down 0.17%. SHFE tin and SHFE copper up 0.55% and 0.43% on the contrast.

* Commodity futures closed up mostly, energy & chemistry futures showed a strong performance, LPG up 3.57%, bleached softwood kraft pulp up 1.83%, soda ash up 1.59%, methanol up 1.12%. Black series closed mixed, iron ore up 1.68%, thermal coal down 1.18%. Agriculture futures closed up mostly, rapeseed oil up 2.58%, rapeseed meal up 1.57%, soybean meal up 1.52%, No.1 soybeans up 1.33%, white sugar up 1.15%..

 

 

 

 

Download PDF

 

 

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.