Morning Brief 2022-08-15

DZ20220815

 

Economic Data

*China July social aggregate financing scale of cny 756.1bn, down cny 319.1bn vs last year, below estimate of cny 1.3883tn and previous of cny 5.17tn. As of end-July, balance of social aggregate financing of cny 334.9tn, up 10.7% y/y. China July M2 up 12%, beat estimate of 11.6% and previous of 11.4%. New yuan loan increased by cny 679bn, vs estimate of cny 1.1486tn and cny 404.2bn less vs last year.

 

Rules

*As approved by the State Council, connect trading will be available on common trading days of all SH, SZ and HK stock exchanges which requires 6-month preparation before taking effect.

 

Industrial Economy

*CBIRC said to enhance financial supports of buildings delivery and to participate in research to reasonably solve fund shortage with qualified credit injection prepared. Financial prudent management regulation of property sector to be well implemented to effectively satisfy reasonable financing demand with construction of rental housings, project M&A, rigid and improving housing demand supported.

*Guangdong province issued action plan 2022-2025 to speed up construction of urban clusters of fuel cell vehicles in demonstration and to achieve sales target of 10k fuel cell vehicles, annual hydrogen supply over 100k ton, construction of over 200 units of hydrogen stations and terminal hydrogen sales price down below 30yuan per kg. Industrial level of core component R&D to be improved by end-2025 and tech innovation highland to be built up.

 

Co Focus

*Five Chinese state-owned companies said on Aug 12th they would delist from the NYSE against the backdrop of economic and diplomatic tensions between China and the U.S.

*Huawei realized sales income of cny 301.6bn in 1H with net profit margin of 5%. Operator business income contributes cny 142.7bn, corporate business income of cny 54.7bn and terminal business income of cny 101.3bn.

*Guangzhou Auto (601238 CH) announced to accelerate business layout in power battery and battery raw material fields with control on multiple sections of auto industrial chain enhanced.

 

Aug 12th Block Trade

*Block Trade Info

*Discount

- Cosco Shipping (600026 CH) saw 1 block trades worth 127mn at 12.7 yuan per share, 2.01 discount from last closing.

- China Gold (600916 CH) saw 2 block trades worth 46mn at 15.3 yuan per share, 10.26 discount from last closing.

- Dongxing Securities (601198 CH) saw 2 block trades worth 109mn at 8.04yuan per share, 4.96 discount from last closing.

- Huafeng Test & Control (688200 CH) saw 8 block trades worth 43mn at 426.63 yuan per share, 10.56 discount from last closing.

- Ninebot Limited (689009 CH) saw 2 block trades worth 40mn at 53 yuan per share, 7.02 discount from last closing.

 

*Flat

- Oriental Yuhong (002271 CH) saw 3 block trades worth 166mn at 38.01 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 down collectively. September NYMEX crude oil contract down 2.61% to closed at $91.88/b, October Brent contract down 1.87% to closed at $97.74/b. INE crude oil active contract down 0.04 % to 697.7 yuan/b.

* Precious metals closed up collectively. COMEX gold active contract up 0.65% to closed at $1818.9/oz, SHFE gold active contract up 0.48% to closed at 392.62 yuan/gram.

* Metals closed down collectively, LME aluminum down 3.47%, LME nickel down 2.72%, LME zinc down 2.09%, LME lead down 1.18%. SHFE tin down 2.29%, SHFE aluminum down 2.09%, SHFE nickel down 1.87%, SHFE zinc down 1.55%.

* Commodity futures closed up mostly. Energy & chemistry futures closed mixed PTA up 1.36%, PVC down 1.35%, bleached softwood kraft pulp down 1.32%. Black series went up collectively, steel rebar up 1.53%, hot-rolled coil up 1.28%, coking coal up 1.02%. Agricultural products closed up collectively, RBD palm olein up 1.97%, soybean oil up 1.27%, soybean meal up 1.23%, cotton yarn up 1.02%, No.2 soybeans up 0.94%.

 

 

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