DZ20221024

 

Event

*The 20th National Congress of CPC was successfully closed on Oct 22nd.

 

Financials

*Shanghai and Shenzhen Stock Exchanges announced to expand coverage of margin trading and short selling to 1000 and 1200 stocks, accounting for 95% and 90% of floating market value respectively, which to realize full coverage of CSI300 and ChiNext. Previous adjustment will take effect from Oct 24th 2022.

*Onshore yuan weakens to 7.2525yuan per dollar on Oct 21st, lowest since 2008.

*Shanghai issued opinions in promoting stability and quality improvement of foreign trade which suggest to optimize environment of RMB settlement for cross-border trade and to step up supports of financial service on international trades. The Export-Import Bank of China is encouraged to set up cny 150bn RMB special credit quota and to issue cny 10bn RMB financial bond in investing foreign trade field.

*SH and SZ Stock Exchanges said in response to news reported saying window guidance on trading of brokers and funds that it is untrue.

 

Industrial Economy

*Three top Chinese universities announced intentions of instrument purchase in total amount exceed cny 1bn.

*NDRC requires optimizing recollection network of old wastes and improving utilization level of renewable energy for development of second-hand trades and re-manufacturing industry.

 

Oct 21st Block Trade

*Block Trade Info

*Discount

- Zhenghai Bio-Tech Co. (300653 CH) saw 3 block trades worth 24mn at 47.41yuan per share, 9.73 discount from last closing.

- GCL Energy Tech (002015 CH）saw 2 block trades worth 122mn at 13.91 yuan per share, 0.07 discount from last closing.

- Prolto Supply Chain (002769 CH）saw 1 block trade worth 55mn at 7.37 yuan per share, 12.26 discount from last closing.

- Huaxi Securities (002926 CH）saw 1 block trade worth 22mn at 7.76 yuan per share, 0.00 discount from last closing.

 

*Flat

- Ja Solar Tech (002459 CH）saw 1 block trade worth 15mn at 61.85 yuan per share, 0.00 discount from last closing.

- Sunwoda (300207 CH）saw 2 block trades worth 14mn at 24.92 yuan per share, 0.00 discount from last closing.

- Fuling Zhacai (600690 CH）saw 1 block trades worth 5mn at 24.6 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 up mostly. December NYMEX contract up 0.75% to closed at $85.14/b, December Brent contract up 1.32% to closed at $93.6/b. INE crude oil active contract down 0.03% to 670.5 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 1.57% to closed at $1662.5/oz. SHFE gold active contract up 0.64% to closed at 390.78 yuan/gram.

* Metals closed down mostly, LME tin down 4.12%, LME lead down 3.77%, LME zinc down 0.46%, LME copper up 1.19%. SHFE zinc down 2.20%, SHFE tin down 1.69%, SHFE lead down 0.97%, SHFE nickel up 1.61%, bonded copper up 1.42%, copper up 0.92%.

* Commodity futures closed mixed. Energy & chemistry futures saw a mixed performance, soda ash up 0.78%, fuel oil down 1.43%, MEG down 0.96%. Black series closed up mostly, coking coal up 1.18%, iron ore up 0.96%. Agricultural products closed mixed, cotton yarn up 0.93%, rapeseed meal down 1.02%.

 

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