DZ20220916

 

Currency

*Offshore yuan weakened past the key 7 per US dollar level Thursday.

 

International Relationship

*President Xi Jinping met with Russia president Putin on Sept 15th. As emphasized by president Xi that China is willing to provide strong supports on core interest issues involved by each party with cooperation deepened in commerce, agriculture and connection fields.

 

Financials

*Asset Management Association of China: as of end Q2, China asset management business scale around cny 68.51tn, in which mutual funds contribute cny 26.79tn and private funds account for cny 20.35tn.

*The State Council issued opinions to further optimize business environment and reduce trading cost of market entities which encouraged securities, fund and guaranty institutions to further cut service fee collections.

 

Industrial Economy

*MIIT: issues of blind investment and duplicate construction in NEV field will be solved gradually.

*Jinan city eased housing purchase restrictions in major districts, to take effect from Sept 16th.

*Senior officer of BYD suggests U.S. decoupling from Chinese EV industry is unlikely since its EV development still at primary stage driven by increasing subsidy and Chinese power battery supply chain plays as a key role worldwide.

 

Sep 15th Block Trade

*Block Trade Info

*Discount

- Zhejiang Construction Investment (002761 CH) saw 1 block trade worth 169mn at 24.13 Yuan per share, 2.43 discount from last closing.

- Jinke Property Group (000656CH) saw 1 block trade worth 109mn at 2.22 Yuan per share, 11.90 discount from last closing.

- Kweichow Moutai (600519 CH) saw 8 block trades worth 281mn at 1874.50 Yuan per share, 0.29 discount from last closing.

- Shiyuan Electronic Tech (002841 CH) saw 11 block trades worth 80mn at 58.24 Yuan per share, 7.41 discount from last closing.

 

*Flat

- Sunlord Electronics (002138 CH) saw 2 block trade worth 76mn at 22.97 Yuan per share, 0.00 discount from last closing.

- Semiconductor Manufacturing International (688981 CH) saw 2 block trade worth 61mn at 40.07 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 mostly. October NYMEX contract down 3.81% to closed at $85.11/b, November Brent contract down 3.51% to closed at $90.80/b. INE crude oil active contract up 0.11% to 665.5 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 2.06% to closed at $1673.9/oz. SHFE gold active contract down 0.85% to closed at 383.60 yuan/gram.

* Metals closed down mostly, LME nickel down 3.99%, LME lead down 2.47%, LME zinc down 1.78%, LME copper down 1.17%. LME aluminum up 1.96% on the contrast. SHFE nickel down 2.74%, SHFE stainless steel down 2.07%, SHFE zinc down 0.60%, SHFE aluminum up 1.87%.

* Commodity futures closed down mostly. Energy & chemistry futures saw a weak performance, fuel oil down 1.77%, EB down 1.63%, PTA down 1.63%, PP down 1.49%, bitumen down 1.47%, MEG down 1.36%. Black series went down mostly, hot-rolled coil down 0.89%, steel rebar down 0.88%, iron ore down 0.83%. Agricultural products closed mixed, cotton up 1.22%, soybean oil down 1.82%, rapeseed meal down 1.22%, RBD palm olein down 1.18%.

 

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