DZ20220930

Policy

* PBoC monetary policy committee held Q3 regular meeting which pointed out to 1) add loans to ensure property delivery when needed; 2) deepen market reform of foreign exchange and maintain exchange rate of yuan at reasonable and balanced level; 3) well use policy development financial tools to support infrastructure construction.

 

Industrial Economy

* PBoC and CBIRC issued notice on differentiated adjustment of housing credit policies which allowed cities saw home sales price declined m/m and y/y in June-Aug to decide lower limit of first home mortgage rate with second home rate remains unchanged.

* Several paper firms, including Sun Paper and Chenming Paper have announced price lifting plan by 200-300yuan per ton, to take effect from Oct 1st.

* Shanghai Development and Reform Commission issued notice to support development of EV charging facilities. Demonstration station of taxi charging and A-type neighborhood equipped with shared charging built up in 2022 and after will be given 30% / 50% fiscal subsidy respectively.

* China Civil Aviation officially issued qualification license for C919 to COMAC on Sept 29th.

 

Sep 29th Block Trade

*Block Trade Info

*Discount

- Youcare Pharmaceutical (688658 CH）saw 3 block trades worth 18mn at 14.87yuan per share, 2.49 discount from last closing.

- Yuancheng Gold Co. (600766 CH）saw 3 block trades worth 20mn at 11.61 yuan per share, 15.69 discount from last closing.

- Inno Laser Tech (301021 CH) saw 1 block trade worth 50mn at 28.65 yuan per share, 15.39 discount from last closing.

- Eoptolink Tech (300502 CH) saw 1 block trade worth 92mn at 21 yuan per share, 2.19 discount from last closing.

- Kennede Electronics (002723 CH) saw 5 block trades worth 40mn at 9.85 yuan per share, 17.85 discount from last closing.

- Micro-Tech (Nanjing) Co. (688029 CH) saw 23 block trades worth 217mn at 66.39 yuan per share, 10.72 discount from last closing.

 

*Flat

- Tibet Summit Resources (600388 CH) saw 3 block trades worth 37mn at 22.42 yuan per share, 0.00 discount from last closing.

 

*Premium

- Sansteel Minguang Co. (002110 CH) saw 2 block trades worth 142mn at 5.02 yuan per share, 2.45 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 down mostly. November NYMEX contract down 0.66% to closed at $81.61/b, December Brent contract down 0.62% to closed at $87.50/b. INE crude oil active contract up 0.30% to 629.1 yuan/b. US GDP for the second quarter recorded a negative growth, which triggered the concern of recession.

* Precious metals closed down collectively. COMEX gold contract down 0.07% to closed at $1668.8/oz. SHFE gold active contract down 0.22% to closed at 387.82 yuan/gram.

* Metals closed up mostly LME aluminium up 5.08%, LME zinc up 3.01%, LME lead up 1.55%, LME copper up 1.25%. LME tin down 1.05% on the contrast. SHFE nickel up 1.93%, SHFE aluminum up 1.50%, SHFE tin down 2.38% on the contrast.

* Commodity futures closed mixed. Energy & chemistry futures saw a mixed performance, bitumen up 1.27%, methanol up 1.26%, bleached softwood craft pulp up 1.06%, soda ash up 1.05%, LLDPE up 1.04%, TSR 20 down 1.64%, natural rubber down 1.54%, LPG down 1.04%. Black series closed mixed, iron ore up 0.28%, steel rebar down 0.26%. Agricultural products closed up mostly, rapeseed oil up 1.79%, cotton up 1.38%.
 

Download PDF


 

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.