DZ20221212

 

International Relationship

*President Xi Jinping attended the first China-Arab States Summit and the China-Gulf Cooperation Council Summit with common consensus reached on 8 fields in future 3-5 years, including development support, food safety, health and energy safety. China will expand imports of crude oil and liquefied natural gas from GCC countries with oil and gas trade in RMB settlement to be carried forward.

 

Financials

*MoF decided to issue 2022 special government bond of 3-year fixed rate in face value of cny 750bn and to be listed for transaction, which to offset earlier debt with no additional fiscal deficit.

*Trading of SSE 50 index option is approved by CSRC and related contracts to get listed on Dec 19th.

*CSDCC: new investors of A-shr market in Nov of 973.2k, up 21.21% m/m.

 

Industrial Economy

*National Health Commission: China will increase number of general and convertible ICUs to 8% of all beds at hospitals by end-Dec and seeks to expand number of ICU medical workers by 20-30%.

 

Dec 9th Block Trade

*Block Trade Info

*Discount

- China Zheshang Bank Co. (601916 CH) saw 3 block trades worth 115mn at 3.03 yuan per share, 1.62 discount from last closing.

- Offcn Education Tech (002607 CH）saw 2 block trades worth 80mn at 5.18 yuan per share, 6.25 discount from last closing.

- Joinn Laboratories Co. (603127 CH) saw 1 block trade worth 59mn at 54.00 yuan per share, 9.16 discount from last closing.

- Weixing New Building Materials Co. (002372 CH) saw 2 block trades worth 48mn at 20.6 yuan per share, 7.04 discount from last closing.

- Chengxin Lithium Co. (002240 CH) saw 4 block trades worth 23mn at 41.33 yuan per share, 5.12 discount from last closing.

 

*Flat

- Inner Mongolia Yili Industrial Co. (600887 CH) saw 1 block trade worth 245mn at 31.99 yuan per share, 0.00 discount from last closing.

- Shuanghuan Driveline Co. (002472 CH) saw 1 block trade worth 242mn at 25.83 yuan per share, 0.00 discount from last closing.

 

*Premium

- Xinchao Energy Co. (600777 CH) saw 2 block trades worth 150mn at 2.42 yuan per share, 0.83 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 up mostly. January NYMEX contract up 0.18% to closed at $71.59/b, February Brent contract up 0.72% to closed at $76.70/b. INE crude oil active contract down 2.05% to closed at 496.3 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.44% to closed at $1809.4/oz. SHFE gold active contract up 0.45% to closed at 405.1 yuan/gram.

* Metals closed down collectively, LME nickel down 3.08%, LME lead down 2.03%, LME tin down 1.87%, LME aluminum down 1.32%. SHFE tin down 2.13%, SHFE lead down 1.05%, SHFE aluminum down 0.47%.

* Commodity futures closed up mostly. Energy & chemistry futures saw strong performance, bleached softwood kraft pulp up 2.68%, polyester staple fiber up 2.54%, glass up 2.34%, PVC up 2.14%, soda ash up 1.95%, MEG up 1.87%. Black series closed up collectively, coking coal up 3.67%, coke up 2.57%, steel rebar up 1.82%, hot-rolled coil up 1.6%. Agricultural products closed mixed, cotton up 1.6%, cotton yarn up 1.43%, sugar up 1.36%, RBD palm olein down 2.28%, soybean oil down 1.01%.

 

Download PDF

 

 

DISCLAIMER

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.