DZ20221205

 

Market Temporary Suspension

*A-share market will temporarily suspend trading for 3 minutes on Dec 6th in condolences of former President Jiang Zeming, around 10 AM.

 

Covid

*Beijing: bus and subway should not reject passengers without 48-hour nucleic acid test certificate from Dec 5th.

*Shenzhen city issued notice that green health code will be checked in access of public spots like subway, bus, pharmacy and parks with nucleic acid test no longer required from Dec 3rd.

*Shanghai optimized measures of covid prevention and control with negative certificate of nucleic acid test no longer required for public transportation and outdoor public sites.

 

Financials

*NDRC held conference to carry forward measures in stabilizing economy which suggested economic operation in Q4 as vital timing to consolidate stable economic recovery with multiple measures in stabilizing economy to be implemented and policy efficacy to be released.

 

Industrial Economy

*CSRC approves industrial silicon futures trading in Guangzhou Futures Exchange.

*China Banks to issued offshore loans to help developers, Reuters reported.

*Data collected by SAC shows accumulated operation income and net profit realized by 140 securities companies in Jan-Sept of cny 304.2bn and cny 116.8bn respectively with total asset of cny 10.88tn, net asset of cny 2.76tn and net capital of cny 2.11tn.

 

Co Focus

*Longi signed strategic cooperation contract with Wanhua Chemical with deepen cooperation to be carried forward in PV, hydrogen, integration of construction PV and new materials fields in exploration of clean energy market.

 

Dec 2nd Block Trade

*Block Trade Info

*Discount

- Aohua Photoelectricity Endoscope Co. (688212 CH) saw 3 block trades worth 20mn at 62.96 yuan per share, 0.23 discount from last closing.

- Decai Decoration Co. (605287 CH）saw 3 block trades worth 18mn at 22.5 yuan per share, 9.96 discount from last closing.

- Zhenhua E-Chem Inc. (688707 CH）saw 10 block trades worth 62mn at 48.69 yuan per share, 7.85 discount from last closing.

- Kingstrong Tech Co.(300629 CH）saw 4 block trades worth 24mn at 25.22 yuan per share, 11.97 discount from last closing.

- New Hongtai (603016 CH）saw 5 block trades worth 25mn at 17.75 yuan per share, 11.25 discount from last closing.

- Vantone Neo Development Co. (600246 CH）saw 3 block trades worth 31mn at 9.53 yuan per share, 12 discount from last closing.

- Sushi Testing Group Co. (300416 CH) saw 11 block trades worth 157mn at 27.2 yuan per share, 9.06 discount from last closing.

- Honghua Digital Tech (688789 CH）saw 6 block trades worth 52mn at 167.93 yuan per share, 8.67 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 collectively. January NYMEX contract down 1.08% to closed at $80.34/b, February Brent contract down 1.27% to closed at $85.78/b. INE crude oil active contract down 2.87% to closed at 561.8 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.21% to closed at $1811.4/oz. SHFE gold active contract down 0.18% to closed at 408.4 yuan/gram.

* Metals closed up collectively, LME aluminium up 2.86%, LME nickel up 1.99%, LME lead up 1.82%, LME copper up 1.63%, LME tin up 1.02%. SHFE nickel up 3.78%, SHFE tin up 1.72%, bonded copper up 1.14%, SHFE lead up 1.11%, SHFE copper up 1.09%.

* Commodity futures closed up mostly. Energy & chemistry futures saw strong performance, soda ash up 2.15%, PVC up 2.11%, bleached softwood kraft pulp up 2.1%, MEG up 1.35%. Black series closed up mostly, iron ore up 2.7%, steel rebar up 1.72%, hot-rolled coil up 0.98%. Agricultural products closed mixed, corn starch up 0.52%, rapeseed meal down 0.71%.

 

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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.