Morning Brief 2022-08-09

DZ20220809

 

Policy

*NDRC issued policy to promote recovery of firms in service industry in difficulties with deduction policy of value added tax to be extended and tax credit range expanded. Cny 2.2tn released from RRR cut will be well guided to support industries in difficulties, small micro and private firms in specific.

 

Industrial Economy

*MIIT and 3 other depts jointly issued notice in promoting high-quality development of home appliance industry which pointed out to promote green smart home appliance products in countryside with market in third and fourth tier cities expanded. Firms are supported on innovation of sales pattern with AI empowered online and offline combined scenes built up. Besides, 15 high-level home appliance industrial cluster to be cultivated by 2025.

*Ministry of Transportation encourages use of auto-driving vehicles on taxi passenger transport business in scenes with controllable conditions.

 

Co Focus

*Haier is planning on car building with self-owned brand to be promoted with foundry pattern to be adopted, according to someone familiar with this matter.

*SMIC said on investor interactive platform that software used for production are all under normal operation.

 

Aug 8th Block Trade

*Block Trade Info

*Discount

- Advanced Micro-Fabrication Equip (688981 CH) saw 2 block trades worth 35mn at 140 yuan per share, 3.38 discount from last closing.

- Zhongtian Financial Group (000540 CH) saw 1 block trade worth 96mn at 1.47 yuan per share, 6.37 discount from last closing.

- China Gold (600916 CH) saw 3 block trades worth 29mn at 13.22 yuan per share, 11.04 discount from last closing.

- Yintai Gold Co (000975 CH) saw 2 block trades worth 43mn at 11.74yuan per share, 1.43 discount from last closing.

- Infosec Tech (688201 CH) saw 2 block trades worth 95mn at 31.48 yuan per share, 6.18 discount from last closing.

- Tianwei Electronic Co. (688511CH) saw 6 block trades worth 31mn at 36.68 yuan per share, 13.78 discount from last closing.

- Hongdou Industrial Co (600400 CH) saw 6 block trades worth 59mn at 4.31 yuan per share, 14.69 discount from last closing.

 

 

 

*Margin Trade

Total Margin Balance	1.5186 trillion	Total Short Selling Balance	106 billion
SH Margin Balance	0.8146 trillion	SH Short Selling Balance	67.3 billion
Top Five Margin Trade Net Bought (in CNY)		Top Five Short Selling Net Sold (in shares)
600418	172mio	600438	1.38mio
603005	146mio	688521	1.06mio
601225	146mio	601099	0.83mio
601318	97mio	601222	0.78mio
688599	82mio	688009	0.78mio
SZ Margin Balance	0.7040 trillion	SZ Short Selling Balance	38.6 billion
Top Five Margin Trade Net Bought (in CNY)		Top Five Short Selling Net Sold (in shares)
002156	330mio	002185	3.49mio
002176	261mio	000591	2.06mio
000301	142mio	300026	1.78mio
301269	114mio	000009	0.87mio
002129	113mio	000656	0.83mio

*Index Futures

*Index Options

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

 

Commodities (night session):

* Global crude oil price closed up collectively. September NYMEX crude oil contract up 1.66% to closed at $90.49/b, October Brent contract up 1.51% to closed at $96.35/b. INE crude oil active contract up 1.72% to 669.2 yuan/b.

* Precious metals closed up collectively. COMEX gold active contract up 0.8% to closed at $1805.5/oz, SHFE gold active contract up 0.73% to closed at 391.00 yuan/gram. Weak performance of USD index supported the gold price. CPI data of July and resultant Fed rate hikes will be the key factor of price movement next stage.

* Metals closed mixed, LME lead up 3.53%, LME aluminum up 0.99%, LME copper up 0.97%, LME nickel down 2.68%, LME zinc down 1.75%. SHFE copper up 0.94%, SHFE lead up 0.69%, SHFE nickel down 2.76%, SHFE tin down 1.19%, SHFE zinc down 0.52%.

* Commodity futures closed up mostly. Energy & chemistry futures showed a strong performance, PTA up 3.25%, polyester staple fiber up 3.14%, soda ash up 2.96%, EB up 2.39%, fuel oil up 2.01%. Black series went up collectively, coke up 3.18%, thermal coal up 3.1%, coking coal up 1.98%, iron ore up 1.57%. Agricultural products closed up mostly, soybean oil up 1.67%, RBD palm olein up 1.47%, No.1 soybeans up 1.04%.

 

 

 

 

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