DZ20221209

 

Policy

*Shenzhen will provide purchase subsidies from Dec 9th on consumer electronics and home appliance by 15% of the sales price at highest.

 

Industrial Economy

*Nov retail sales of passenger vehicles of 1.65mio units, down 9.2% y/y and NEV retail sales of 598k units, up 58.2% y/y with annual target of 6.5mio units sales to be realized, according to CPCAAUTO.

*PBoC Shanghai and Shanghai bank and insurance regulatory authority vowed to support reasonable growth of property financing with stable injection of development loans to be maintained and reasonable debt extension supported. Personal mortgages of rigid and improving housing demand to be secured.

*Nanjing city eased restriction on home purchase with down payment adjusted to 30% or 40% on circumstances for second homes.

 

Co Focus

*Honda Motor will purchase pure electric power batteries from CATL from 2024 through 2030, worth 123GWh in total.

 

Dec 8th Block Trade

*Block Trade Info

*Discount

- Zijin Mining Group Co (601899 CH) saw 3 block trades worth 27mn at 10.04 yuan per share, 2.71 discount from last closing.

- Offcn Education Tech (002607 CH）saw 10 block trades worth 143mn at 4.83 yuan per share, 12.97 discount from last closing.

- Zhenhua E-Chem Inc. (688707 CH) saw 8 block trades worth 32mn at 48.69 yuan per share, 7.52 discount from last closing.

- Asia—Potash International (000893 CH) saw 1 block trade worth 132mn at 26.37 yuan per share, 11.63 discount from last closing.

- Shaanxi Construction Engineering (600248 CH) saw 14 block trades worth 111mn at 4.13 yuan per share, 10.41 discount from last closing.

- Rainbow Heavy Industries Co. (002483 CH) saw 2 block trades worth 22mn at 5.46 yuan per share, 1.27 discount from last closing.

*Flat

- China Gold Co (600916 CH）saw 4 block trades worth 167mn at 8.11 yuan per share, 0.00 discount from last closing.

*Premium

- CATL (300750 CH）saw 2 block trades worth 413mn at 450.24 yuan per share, 7.08 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 0.31% to closed at $71.79/b, February Brent contract down 0.88% to closed at $76.49/b. INE crude oil active contract down 1.6% to closed at 505.4 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.18% to closed at $1801.3/oz. SHFE gold active contract up 0.18% to closed at 402.96 yuan/gram.

* Metals closed up mostly, LME zinc up 1.43%, LME copper up 0.94%, LME tin up 0.8%, LME nickel down 6.46%. SHFE nickel up 1.21%, SHFE copper up 0.89%, SHFE zinc down 0.22%.

* Commodity futures closed up mostly. Energy & chemistry futures saw strong performance, EB up 3.37%, soda ash up 3.2%, glass up 1.72%, TSR 20 up 1.63%, natural rubber up 1.5%, MEG up 1.42%. Black series closed up collectively, iron ore up 4.11%, coking coal up 2.55%, steel rebar up 1.76%. Agricultural products closed up collectively, rapeseed oil up 1.84%, No.2 soybeans up 1.11%, rapeseed meal up 1.02%, soybean meal up 0.91%.

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