DZ20220715
*Key points
Macro
*Premier Li Keqiang held forum in discussion of economic trend with specialists and entrepreneurs which suggest plenty of space left for policy implementation given short period of issuance. Sustainability of macro policy to be maintained and inflation to be prevented with food harvest, stable power supply and product price to be ensured.
Financials
*Former vice head of MoC suggest foreign trade in 2H to extend the growth trend with 2-digit growth to be realized and Chinese economy to realize 5.5% growth target set and may even reach to 6%.
*CBIRC suggests guiding market participation of financial institutions in risk disposal of real estate sectors with joint efforts to be enhanced in coordination with housing dept and PBoC to support building delivery and stability of society.
Industrial Economy
*Premier Li Keqiang pointed out on the 2022 national medical reform conference that construction of regional medical centers and complex to be enhanced with centralized procurement on drugs and valued medical supplies carried forward to ease civil burden.
Data
*National Energy Administration issued data showing social electricity consumption in June of 745.1 kWh, up 4.7% y/y with daily avg use up 14.7% m/m.
July 14th Block Trade
*Block Trade Info
*Discount
- Salt lake (00792 CH) saw 4 block trades worth 106mn at 30.19yuan per share, 0.84 discount from last closing.
- China National Gold (600916 CH) saw 3 block trades worth 23mn at 11.56 yuan per share, 12.82 discount from last closing.
- Yunda Holding Co. (002120 CH) saw 13 block trades worth 508mn at 15.13yuan per share, 6.49 discount from last closing.
- Trina Solar Co. (688599 CH) saw 4 block trades worth 148mn at 7.42 yuan per share, 1.5 discount from last closing.
- Shanxi Road & Bridge (000755 CH) saw 2 block trades worth 64mn at 66 yuan per share, 6.55 discount from last closing.
- Leader Harmonious (688017 CH) saw 2 block trades worth 99mn at 152.39yuan per share, 2.00 discount from last closing.
- Pharmaron (300759 CH) saw 3 block trades worth 50mn at 99.48 yuan per share, 0.50 discount from last closing.
- HMT(Xiamen) New Tech (603306 CH) saw 11 block trades worth 86mn at 24.99yuan per share,13.09 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
|
Total Margin Balance |
1.5246 trillion |
Total Short Selling Balance |
94.1 billion |
|
SH Margin Balance |
0.8165 trillion |
SH Short Selling Balance |
61.7 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
603799 |
919mio |
600169 |
18.13mio |
|
600036 |
432mio |
601162 |
8.78mio |
|
601166 |
308mio |
601377 |
7.33mio |
|
601318 |
252mio |
600010 |
6.07mio |
|
600438 |
235mio |
601108 |
5.55mio |
|
SZ Margin Balance |
0.7098 trillion |
SZ Short Selling Balance |
34.3 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300750 |
1492mio |
002939 |
3.26mio |
|
000001 |
241mio |
000709 |
2.26mio |
|
300014 |
173mio |
000767 |
1.37mio |
|
000629 |
155mio |
300316 |
1.34mio |
|
002407 |
116mio |
300498 |
1.13mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
-2.9 |
Northbound Net Cash Flow |
+1.9 |
||
|
Southbound Net Cash Flow |
+0.3 |
Southbound Net Cash Flow |
+0.3 |
||
|
Top 5 Northbound Inflow |
Top 5 Northbound Outflow |
||||
|
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
|
300760 |
305 |
0.8 |
600036 |
1001 |
1.28 |
|
300751 |
252 |
4.54 |
000001 |
642 |
2.37 |
|
002594 |
241 |
0.67 |
601166 |
613 |
1.59 |
|
600011 |
233 |
2.6 |
601288 |
494 |
0.55 |
|
601668 |
229 |
1.01 |
601318 |
423 |
0.87 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2207 |
78,615 |
-12,609 |
24,408 |
-15,858 |
24,659 |
-16,560 |
|
IF2208 |
71,049 |
39,182 |
37,729 |
18,708 |
39,275 |
19,113 |
|
IF2209 |
42,774 |
5,196 |
60,940 |
222 |
72,441 |
283 |
|
IF2212 |
8,258 |
1,156 |
21,519 |
-82 |
23,452 |
-527 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2207 |
43,581 |
-1,833 |
16,040 |
-7,116 |
18,393 |
-7,643 |
|
IH2208 |
32,250 |
18,909 |
19,397 |
9,906 |
21,110 |
10,158 |
|
IH2209 |
27,403 |
9,429 |
26,579 |
2,989 |
36,154 |
3,456 |
|
IH2212 |
6,011 |
-302 |
12,969 |
-170 |
13,873 |
-199 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2207 |
84,607 |
-13,945 |
24,088 |
-20,155 |
24,133 |
-20,200 |
|
IC2208 |
81,302 |
34,224 |
60,805 |
19,615 |
62,374 |
18,695 |
|
IC2209 |
47,079 |
1,967 |
107,019 |
2,065 |
112,241 |
2,301 |
|
IC2212 |
13,534 |
-5,218 |
75,036 |
-391 |
73,593 |
-351 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2207 |
188617 |
-3161 |
52824 |
-2782 |
62043 |
-3086 |
|
IO2208 |
53532 |
4660 |
40794 |
4084 |
42109 |
4253 |
|
IO2209 |
10916 |
-1173 |
31439 |
802 |
35748 |
1424 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2209 |
53,211 |
3,836 |
41,606 |
978 |
44,910 |
1,144 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2209 |
59,784 |
115 |
80,686 |
-294 |
85,537 |
-579 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2209 |
103,477 |
8,132 |
136,537 |
830 |
142,353 |
350 |
|
T2212 |
7,810 |
2,263 |
17,752 |
236 |
18,542 |
559 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Soybean Oil |
Y2209 |
9,008.0 |
+1.97% |
565,360 |
292,236 |
|
Rapeseed Oil |
OI209 |
10,990.0 |
+1.8% |
253,530 |
141,222 |
|
No.1 Soybeans |
A2209 |
5,840.0 |
+0.97% |
56,321 |
124,670 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Nickel |
NI2208 |
149,640.0 |
-8.03% |
90,718 |
83,410 |
|
Cotton |
CF209 |
13,805.0 |
-7.13% |
360,541 |
294,241 |
|
Iron Ore |
I2209 |
669.0 |
-6.69% |
361,695 |
625,717 |
Commodities (night session):
* Global crude oil price closed mixed. August NYMEX crude oil contract up 0.18% to closed at $96.47/b, September Brent contract up 0.14% to closed at $99.71/b. INE crude oil active contract down 1.09% to 643.5 yuan/b. Investors focused on the expectation of market movement before interest rate hike of FED this month.
* Precious metals closed down collectively. COMEX gold active contract down 1.58% to closed at $1708.0/oz, SHFE gold active contract down 0.86% to closed at 373.64 yuan/gram.
* Metals closed down collectively. LME nickel down 9.27%, LME leads down 6.47%, LME tin down 4.12%, LME zinc down 3.35%, LME copper down 3.02%. SHFE nickel down 8.03%, SHFE tin down 2.77%, SHFE leads down 2.16%, SHFE copper down 1.65%.
* Commodity futures closed down mostly, energy & chemistry futures showed a weak performance, fuel oil down 6.59%, bitumen down 3.93%, PTA down 3.69%, PVC down 3.16%, EB down 2.34%. Black series down mostly, iron ore down 6.69%, hot-rolled coil down 4.95%, coke down 4.16%, steel rebar down 4.01%. Thermal coal up 0.95% on the contrast. Agriculture futures closed mixed, cotton down 7.13%, cotton yarn down 4.62%, RBD palm olein down 1.57%. Soy bean oil up 1.97%, rapeseed oil up 1.8%.
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.
