DZ20220725

 

*Key points

Macro

*Premier Li Keqiang held State Council general conference in discussion of measures to expand effective demand and enhance economic recovery which emphasized Q3 as key time window when economy has been stabilized and plenty of space left for policy release with social fund to be driven. Consumption shall play the role as major driving force of economy and flexible arrangement on personal consumption loans to be supported. Stable and healthy development of property market to be promoted via suitable policies with rigid housing demand protected. Detailed measures to support healthy development of platform economy to be issued to better play its roles to support employment and consumption. Besides, financial supports on imports and exports to be strengthened.

 

Policy

*SASAC held semi-annual work conference with local authorities which emphasized to promote tech innovation in 2H, enhance core tech breakthrough and digital transformation. Exit of non-main business in lack of advantages and asset of low efficiency shall be accelerated. Participation of major infrastructure and green low carbon development to be promoted to further lift efficiency of state-owned asset allocation.

 

Industrial Economy

*CPCAAUTO: estimated NEV retail sales in July of 450k units, up 102.5%y/y.

*National Energy Administration requires ensuring coal safety and stable supply with quota scheduling enhanced and task to increase production to be completed.

 

July 22nd Block Trade

*Block Trade Info

*Discount

- Supcon Tech (000925 CH) saw 6 block trade worth 25mn at 71.73 yuan per share, 7.5 discount from last closing.

- Salt Lake (000792 CH) saw 2 block trades worth 102mn at 29.15 yuan per share, 0.72 discount from last closing.

-Trina Solar (688599 CH) saw 11 block trades worth 172mn at 67.6 yuan per share, 7.84 discount from last closing.

-Visual China (000681 CH) saw 2 block trades worth 50mn at 12 yuan per share, 6.83 discount from last closing.

- Leader Harmonious (688017 CH) saw 2 block trades worth 64mn at 160.72yuan per share, 1.8 discount from last closing.

 

*Flat

- Chn Energy (000966 CH) saw 1 block trade worth 108mn at 5.7yuan per share, 0.00 discount from last closing.

- Changjiang Securities (000783 CH) saw 3 block trades worth 38mn at 5.47yuan per share, 0.00 discount from last closing.

- Oriental Yuhong (002271 CH) saw 3 block trades worth 99mn at 39.95 yuan 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. September NYMEX crude oil contract down 1.31% to closed at $95.09/b, September Brent contract down 0.69% to closed at $98.79/b. INE crude oil active contract up 0.23% to 652.6 yuan/b.

* Precious metals closed up collectively. COMEX gold active contract up 0.69% to closed at $1725.3/oz, SHFE gold active contract up 0.44% to closed at 376.38 yuan/gram.

* Metals closed up mostly. LME nickel up 4.06%, LME zinc up 1.91%, LME aluminum up 1.59%, LME lead down 0.1% on the contrast. SHFE nickel up 3.82%, SHFE tin up 2.70%, SHFE copper up 1.7%, SHFE zinc up 1.57%.

* Commodity futures closed up collectively, energy & chemistry futures showed a strong performance, PTA up 4.53%, natural rubber up 4.52%, fuel oil up 3.77%, PVC up 3.57%, polyester staple fiber up 3.3%. Black series closed up collectively, iron ore up 8.51%, coking coal up 4.75%, coke up 3.79%, hot-rolled coil up 1.53%. Agriculture futures closed up mostly, cotton up 3.58%, rapeseed oil up 2.53%, rapeseed meal up 2.38%, No.2 soybeans up 2.3%, cotton yarn up 1.98%.

 

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