DZ20220915

 

Policy

*Premier Li Keqiang held State Council general meeting on Sept 14th and key points are 1) deployed measures to further stabilize foreign trade and capital with another batch of cross-border e-commerce demonstration zones to be set up. 2) Tax deferral payment of manufacturing industry to be further extended by 4 months, involving tax collection of cny 440bn and another cny 32bn tax refund expected in coming terms. 3) Banks are supported to inject medium-long term loans at rate no higher than 3.2% on demand of equipment renovation by firms in manufacturing, social service fields as well as medium-small private firms. Besides, the actual loan cost shall be no higher than 0.7% for equipment renovation in Q4 taken 1-year refinancing quota of cny 200bn granted by PBoC and central fiscal rate discount into consideration. 4) Two nuclear power projects been approved.

 

Financials

*HKEX is considering adding a new chapter of listing rules to satisfy financing demand of large tech firms at early commercial stage, according to its spokesman on Sept 14th.

 

Industrial Economy

*Zhengzhou city to conduct overall auditing on 95 special loan projects of secured building delivery.

*Ministry of Housing suggested 4 measures in promoting stable and healthy development of property market, including 1) coordinated mechanism of policies to maintain continuity and stability of adjustment policies；2）build up province and city connected mechanism; 3) optimize supervision, alert and valuation system; 4) enhance supervision on property market and set target of secured building delivery and stability as priority.

*As said by news spokesman of Ministry of Housing that China still at stage of fast urbanization along with urban renewal which triggered massive demand on housings, infrastructure and public facilities.

*As disclosed by head of SHEITC that Shanghai has realized massive production of 14nm of advanced technique in integrated circuit field and breakthrough on 90 nm lithography, 5nm RIE, 12-inch large silicon wafer, domestic-produced CPU and 5G chips. City wide industrial scale of integrated circuit has reached cny 250bn, accounting for 25% of national level with key firms exceed 1k.

*Guangzhou city eased housing price restrictions and price of new housings on filing can be dynamically adjusted from 10% to -20% vs 6% on both sides.

 

Co Focus

*BYD auto industrial park phase 2 project held ground-breaking ceremony on Sept 14th, which to be launched for production on July 30th 2023 with annual value of output to reach cny 100bn as planned.

 

 

 

Sep 14th Block Trade

*Block Trade Info

*Discount

- Amlogic (688099 CH) saw 3 block trades worth 100mn at 72.23 Yuan per share, 7.31 discount from last closing.

- Montage Tech (688008CH) saw 8 block trades worth 85mn at 55.00 Yuan per share, 5.51 discount from last closing.

- Zhenhua E-Chem (688707 CH) saw 4 block trades worth 107mn at 48.53 Yuan per share, 2.00 discount from last closing.

- Semiconductor International (688981 CH) saw 3 block trades worth 116mn at 40.01 Yuan per share, 0.43 discount from last closing.

- Dawning Information (603019 CH) saw 15 block trades worth 88mn at 23.05 Yuan per share, 0.04 discount from last closing.

*Flat

- Nanjing Iron & Steel (600282 CH) saw 1 block trade worth 364mn at 2.97 Yuan per share, 0.00 discount from last closing.

*Premium

- Aluminum Corporation of China (601600 CH) saw 1 block trade worth 626mn at 4.87 Yuan per share, 0.62 premium 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 up collectively. October NYMEX contract up 1.91% to closed at $88.98/b, November Brent contract up 1.43% to closed at $94.50/b. INE crude oil active contract up 3.35% to 666.6 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.61% to closed at $1707/oz. SHFE gold active contract down 0.21% to closed at 386.78 yuan/gram.

* Metals closed mixed, LME aluminum down 1.56%, LME copper down 1.05%, LME lead up 0.61%, LME nickel up 0.55%. SHFE tin up 2.79%, SHFE lead up 0.47%, SHFE aluminum down 1.13%, bonded copper down 0.79%.

* Commodity futures closed up mostly. Energy & chemistry futures saw a strong performance, natural rubber up 2.21%, fuel oil up 1.54%, PTA up 1.22%, TSR20 up 1.21%. Black series went up collectively, coking coal up 3.81%, coke up 2.71%, iron ore up 2.02%, steel rebar up 0.99%. Agricultural products closed mixed, sugar up 0.92%, rapeseed meal down 1.47%, soybean meal down 1.38%, No.2 soybeans down 1.15%.

 

 

 

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