DZ20220805
*Key Points
Industrial Economy
*PBoC Shanghai headquarter held 2H2022 work conference which required to enhance credit supports on key fields including infrastructure, loans for small-micro parties, green development, tech innovation and transportation. Cross-border use of RMB to be promoted, innovation of digital RMB in trial to be enhanced and prudent financial administration of property to be carried forward.
*China July major projects launch of 3876 units with total investment reached cny 2.39tn and infrastructure investment to reach peak level in Q3, Securities Journal reported.
*The pilot range of digital RMB saw steady expansion with issuance of supporting regulation on agenda and tech standard to be optimized.
*MIIT held forum in discussion of 1H petrochemical industry and required to ensure stable operation of petrochemical industry and related supply chain with major projects construction and tech modification of old equip to be accelerated.
Co Focus
*Alibaba issued financial results of 2Q2022 with cny 205.56bn operation income realized (cny 141.9bn contributed by Chinese market), basically hold flat y/y, vs estimate of cny 203.97bn and net profit of cny 20.3bn, down 53% y/y.
Aug 4th Block Trade
*Block Trade Info
*Discount
- Jolly Pharmaceutical Co (300181 CH) saw 1 block trade worth 133mn at 11.12 yuan per share, 3.89 discount from last closing.
- Zuojiang Tech (300799 CH) saw 2 block trades worth 30mn at 60 yuan per share, 7.83 discount from last closing.
- Palm Eco-Town (002431 CH) saw 6 block trades worth 86mn at 4.02 yuan per share, 0.36 discount from last closing.
- Zijin Rural Commercial Bank. (601860 CH) saw 13 block trades worth 67mn at 2.78yuan per share, 9.04 discount from last closing.
- Zijin Mining (601899 CH) saw 63 block trades worth 896mn at 10.03 yuan per share, 0.87 discount from last closing.
- Eazytec Co. (688258 CH) saw 6 block trades worth 67mn at 37.61yuan per share, 4.50 discount from last closing.
Premium
- Palm Eco-Town (002431 CH) saw 6 block trades worth 86mn at 4.02 yuan per share, 0.36 premium from last closing.
- Unigroup Guoxin Microelectronics (002049 CH) saw 7 block trades worth 35mn at 188.12 yuan per share, 0.08 premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.5178 trillion |
Total Short Selling Balance |
101 billion |
|
SH Margin Balance |
0.8137 trillion |
SH Short Selling Balance |
64.5 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600418 |
180mio |
600418 |
2.71mio |
|
600522 |
133mio |
601326 |
2.02mio |
|
600809 |
118mio |
600022 |
1.68mio |
|
601012 |
95.1mio |
600256 |
1.41mio |
|
600702 |
75.15mio |
600199 |
1.36mio |
|
SZ Margin Balance |
0.7040 trillion |
SZ Short Selling Balance |
36.5 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300750 |
325mio |
300027 |
14mio |
|
000629 |
138mio |
002204 |
2.97mio |
|
002594 |
116mio |
000100 |
0.84mio |
|
300118 |
91.57mio |
002065 |
0.75mio |
|
002812 |
88.3mio |
002183 |
0.71mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
-1.0 |
Northbound Net Cash Flow |
-2.2 |
||
|
Southbound Net Cash Flow |
+0.3 |
Southbound Net Cash Flow |
+0.6 |
||
|
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 |
|
600036 |
309 |
0.45 |
300750 |
389 |
0.38 |
|
600522 |
240 |
3.13 |
600089 |
294 |
3.35 |
|
002466 |
222 |
1.23 |
000733 |
238 |
3.80 |
|
600276 |
222 |
1.00 |
600009 |
226 |
3.71 |
|
002240 |
217 |
4.71 |
002475 |
204 |
0.86 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2208 |
87,881 |
-15,936 |
47,226 |
-3,248 |
49,086 |
-3,320 |
|
IF2209 |
32,700 |
-5,495 |
56,806 |
-1,019 |
66,216 |
-1,025 |
|
IF2212 |
9,668 |
-2,979 |
26,314 |
-115 |
30,833 |
-187 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2208 |
55,391 |
4,178 |
28,300 |
1,280 |
30,962 |
1,408 |
|
IH2209 |
23,253 |
934 |
27,019 |
-68 |
36,718 |
708 |
|
IH2212 |
9,426 |
1,598 |
13,519 |
270 |
16,364 |
416 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2208 |
101,423 |
-8,278 |
64,988 |
-1,019 |
65,232 |
-1,094 |
|
IC2209 |
48,240 |
-2,942 |
103,136 |
-954 |
105,552 |
438 |
|
IC2212 |
17,378 |
-1,015 |
82,805 |
206 |
80,930 |
-294 |
|
IC2303 |
11,049 |
-105 |
18,374 |
1,909 |
17,667 |
1,689 |
|
CSI 1000 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IM2208 |
53,816 |
4,093 |
23,389 |
1,474 |
24,114 |
2,011 |
|
IM2209 |
19,148 |
1,514 |
13,818 |
2,190 |
14,883 |
2,105 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2208 |
130572 |
-31125 |
68537 |
-2027 |
70917 |
-1566 |
|
IO2209 |
26033 |
-3070 |
40690 |
1416 |
48184 |
1631 |
|
CSI 1000 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
MO2208 |
72399 |
12625 |
16480 |
52 |
19598 |
848 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2209 |
50,213 |
6,516 |
40,600 |
-364 |
41,641 |
-1,905 |
|
TS2212 |
8,771 |
-1,746 |
14,541 |
1,872 |
14,731 |
1,538 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2209 |
110,496 |
42,798 |
83,742 |
-6,103 |
88,171 |
-8,510 |
|
TF2212 |
27,149 |
12,519 |
26,706 |
5,844 |
28,141 |
6,271 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2209 |
128,727 |
24,658 |
137,514 |
-2,482 |
142,572 |
-4,656 |
|
T2212 |
32,295 |
2,442 |
43,708 |
4,361 |
46,977 |
4,280 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Zinc |
ZN2209 |
24,485.0 |
+3.57% |
213,020 |
128,123 |
|
Rapeseed Meal |
RM301 |
2,783.0 |
+2.24% |
230,897 |
287,759 |
|
Soybean Meal |
M2209 |
4,013.0 |
+1.7% |
261,974 |
793,812 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Soda Ash |
SA301 |
2,242.0 |
-4.23% |
436,785 |
360,039 |
|
Low Sulfur Fuel Oil |
LU2209 |
4,898.0 |
-3.51% |
49,054 |
35,541 |
|
Crude Oil |
SC2209 |
648.4 |
-3.28% |
117,711 |
32,782 |
Commodities (night session):
* Global crude oil price closed down collectively. September NYMEX crude oil contract down 3.15% to closed at $87.80/b, October Brent contract down 3.58% to closed at $93.32/b. INE crude oil active contract down 3.28% to 648.4 yuan/b.
* Precious metals closed up collectively. COMEX gold active contract up 1.77% to closed at $1807.9/oz, SHFE gold active contract up 1.18% to closed at 391.22 yuan/gram.
* Metals closed up collectively, LME zinc up 5.72%, LME aluminum up 1.05%, LME lead up 0.89%, LME copper up 0.85%. SHFE zinc up 3.57%, SHFE aluminum up 1.40%, SHFE tin up 1.20%.
* Commodity futures closed down mostly. Energy & chemistry futures showed a weak performance, soda ash down 4.23%, polyester staple fiber down 2.62%, fuel oil down 2.25%, LPG down 2.23%, EB down 1.99%. Black series went down mostly, Coking coal down 2.02%, iron ore down 1.56%, steel rebar down 0.99%. Thermal coal up 1.16% on the contrast. Agricultural products closed mixed, rapeseed meal up 2.24%, soybean meal up 1.7%, soybean oil down 2.87%, cotton down 1.62%, rapeseed oil down 1.5%, RBD palm olein down 1.03%.
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.
