DZ20221128

 

Financials

*PBoC decided to cut the reserve requirement ratio for financial institutions by 0.25% from Dec 5th, which will release around cny 500bn into the market and will be eligible for all financial institutions except those already adopting an RRR of 5%.

*NBS: China Jan-Oct industrial profit realized of cny 6.9768tn, down 3% y/y.

*CSI Company announced to adjust constituents of major indexes including SSE50, CSI300, CSI 500 and STAR 50 and etc after market closing on Dec 9th.

*Ministry of Human Resources announced official implementation of personal pension fund system in 36 cities in trial.

*CSRC revised rewards for reporting of illegal actions which doubled highest reward to cny 1.2mio for internal reporting.

 

Industrial Economy

*As report by Counterpoint shows mobile phone sales down 11% y/y during the double 11 sales festival and it predicts total mobile phone sales down over 10% y/y in Q4.

*Reuters: China PBoC plans cny 100bn to fund property project M&A.

*CPCAAUTO announced preliminary estimate of passenger vehicle sales in Nov around 1.86mio units, up 2.4% y/y and NEV accounts for 600k units, up 58.5% y/y in penetration of 32.3%.

 

Nov 25th Block Trade

*Block Trade Info

*Discount

- China Zheshang Bank Co. (601916 CH）saw 5 block trades worth 207mn at 2.77 yuan per share, 9.94 discount from last closing.

- Hoperun Software Co. (300339 CH) saw 3 block trade worth 34mn at 17.69 yuan per share, 7.04 discount from last closing.

- Montage Tech Co. (688008 CH）saw 9 block trades worth 51mn at 63.64 yuan per share, 7.61 discount from last closing.

- Kangtai Biological Products Co. (300601 CH）saw 2 block trades worth 96mn at 28.15 yuan per share, 18.48 discount from last closing.

 

*Flat

- China Shenhua Energy Co. (601886 CH) saw 1 block trade worth 14mn at 30.26 yuan per share, 0.00 discount from last closing.

- Asymchem Laboratories Co. (002821 CH）saw 2 block trades worth 11mn at 138.1 yuan per share, 0.00 discount from last closing.

 

*Premium

- Kingnet Network Co.(002517 CH）saw 6 block trades worth 25mn at 10.98 yuan per share, 6.02 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 collectively. January NYMEX contract down 1.78% to closed at $76.55/b, February Brent contract down 1.64% to closed at $83.84/b. INE crude oil active contract down 2.97% to closed at 555.9 yuan/b. Russia is drafting a presidential decree to prohibit companies and intermediaries who purchase Russian oil from selling it to any participant in the Russian oil price cap agreement.

* Precious metals closed up collectively. COMEX gold contract up 0.54% to closed at $1755/oz. SHFE gold active contract up 0.22% to closed at 408.28 yuan/gram.

* Metals closed mixed, LME nickel down 2.36%, LME copper down 0.63%, LME tin up 0.57%, LME zinc up 0.43%. SHFE nickel down 1.10%, SHFE tin down 1.01%, SHFE aluminum down 0.61%, SHFE zinc up 0.23%.

* Commodity futures closed up mostly. Energy & chemistry futures saw strong performance, natural rubber up 1.81%, TSR 20 up 1.64%, PP up 1.2%, PVC up 1.18%, LPG up 1.03%. Black series closed up mostly, iron ore up 3.39%, hot-rolled coil up 1.64%, steel rebar up 1.52%, coking coal up 1.27%, coke up 1.14%. Agricultural products closed down mostly, rapeseed meal down 1.19%, cotton down 0.86%, cotton yarn down 0.57%, soybean oil down 0.54%, No.1 soybean down 0.53%.

 

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