DZ20221111

 

Covid

*The politburo meeting held on Nov 11th issued 20 measures to further optimize covid control which emphasized leading strategy of “prevention of external imports and internal rebound” with general policy of “covid zero” firmly insisted for maximum protection of life safety and minimize impact on economic development. R&D of vaccines and drugs to be promoted at better efficiency. Inappropriate measures including “one size fits all” will be rectified.

 

Data

*PBoC: Oct social aggregate financing of cny 907.9bn, down cny 709.7bn vs last year and missed mkt estimate of cny 1.38tn, vs prior of cny 3.53tn. Oct M2 up 11.8% y/y, vs estimate of 12% and prior of 12.1%. New yuan loan in Oct of cny 615.2bn, vs estimate of cny 860bn and prior of cny 2.47tn.

 

Industrial Economy

*NDRC issued 3-year action plan in construction of world first class business environment in Yangtze Delta River region which pointed out to improve service level of outbound investment and foreign investment with national treatment and administration of negative list promoted. Application of new generation IT, block chain, AI, big data and IoT for instance in service of government affairs will be promoted. Besides, resource factors within the region shall in free mobility by 2025 with unified opening market system built up.

*CSRC to further promote 10 measures on normalized issuance of REITs, according to someone familiar with this matter, a move aims to vitalize existing assets and expand effective investment. Listing of more qualified projects and expansion of range in trial to be promoted, new energy, water conservancy and new infrastructure fields to be covered in generation of scale and demonstrative effect.

 

Co Focus

*Rumors saying SMIC to suspend purchase of domestic equipment for over a year was clarified as untrue.

 

Nov 10th Block Trade

*Block Trade Info

*Discount

- Zhongtai Securities Co. (600918 CH) saw 1 block trade worth 57mn at 6.1 yuan per share, 9.76 discount from last closing.

- Sunline Tech Co. (300348 CH）saw 5 block trades worth 73mn at 12.67 yuan per share, 4.02 discount from last closing.

- YHLO Biotech Co. (688575 CH）saw 3 block trades worth 44mn at 21.9 yuan per share, 0.9 discount from last closing.

- Sunner Development Co. (002299 CH) saw 2 block trades worth 115mn at 22.95 yuan per share, 12.97 discount from last closing.

- Longshine Tech (300682 CH）saw 7 block trades worth 35mn at 25.62 yuan per share, 9.63 discount from last closing.

- Pharmaron (300759 CH）saw 8 block trades worth 149mn at 60.82 yuan per share, 3.88 discount from last closing.

- Kingmed Diagnostics Group Co, (603882 CH）saw 8 block trades worth 197mn at 69.66 yuan per share, 4.84 discount from last closing.

- Haitian Flavouring (603288 CH）saw 3 block trades worth 25mn at 70.2 yuan per share, 0.69 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 0.44% to closed at $86.21/b, January Brent contract up 0.74% to closed at $93.34/b. INE crude oil active contract down 0.53% to closed at 675.4 yuan/b. Under-expected US inflation data supported oil prices rebound after three days correction.

* Precious metals closed up collectively. COMEX gold contract up 2.64% to closed at $1759/oz. SHFE gold active contract up 1.56% to closed at 409.36 yuan/gram.

* Metals closed up collectively, LME nickel up 5.84%, LME copper up 1.96%, LME tin up 1.5%, LME zinc up 0.91%, LME lead up 0.82%. SHFE tin up 3.39%, SHFE nickel up 2.66%, bonded copper up 0.95%.

* Commodity futures closed mixed. Energy & chemistry futures saw strong performance, EB up 3.33%, bleached softwood kraft pulp up 1.39%, fuel oil up 1.03%. Black series closed up collectively, iron ore up 2.52%, coke up 1.12%, steel rebar up 0.96%, hot-rolled coil up 0.91%. Agricultural products closed up mostly, rapeseed oil up 1.48%, corn starch up 0.83%.

 

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