DZ20221230

 

Financials

*The national financial work conference was held on Dec 29th which emphasized to better play the role of active fiscal in 2023 with tax supporting policy to be improved for alleviation of corporate difficulties. Fiscal resource to be well planned with combined tools like fiscal deficit, special debt and discount interest to be optimized and fiscal expenditure scale expanded appropriately.

*Listed firms in Shanghai Stock Exchange will start disclosing 2022 annual results from Feb 21st 2023 with 603077, 600557 and 603856 take the lead.

 

Industrial Economy

*CBIRC is seeking for public opinions on administrative method of automobile financial company and plans to approve set-up of overseas subsidiary in supporting “going global” strategy of automobile industry.

*Sinobiopharm signed contract with Pingan-Shionogi for exclusive marketing right of its covid oral medicine Ensitrelvir for 5 years which to be produced in China with cost and price lower than Paxlovid by estimate.

 

Co Focus

*CATL 2022 supplier conference was held and as pointed out by its president that the industry face 10X growth potentials in 10 years with 3 major battles of supply chain to be won in competition with firms worldwide, which are 1) innovation; 2) cost and 3) green low carbon.

 

 

Dec 29th Block Trade

*Block Trade Info

Discount

- Offcn Education (002607.SZ）saw 3 block trades worth 455 mn at 4.28 RMB per share, 10.08% discount from last closing.

- Tangu Carbon Fiber (836077.BJ) saw 2 block trades worth 270mn at 42.5 RMB per share, 8.99% discount from last closing.

-Toread Holdings (300005. SZ) saw 1 block trade worth 128mn at 7.25 RMB per share, 2.42% discount from last closing.

Premium

- Contemporary Amperex Technology (300750.SZ) saw 1 block trade worth 229mn at 403 RMB per share, 2.28% premium from last closing.

- Pharmaron (300759.SZ) saw 1 block trade worth 79mn at 66.46 RMB per share, 3.36% 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. February NYMEX contract down 0.32% to closed at $78.71/b, March Brent contract down 0.32% to closed at $83.72/b. INE crude oil active contract down 0.34% to 552 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.34 % to closed at $1821.9/oz. SHFE gold active contract up 0.33% to closed at 410.08 yuan/gram.

* Metals closed mixed. LME lead up 2.66%, LME tin up 1.48%, LME aluminum up 1.28%. LME nickel down 1.42%, LME zinc down 1.05%. SHFE zinc down 0.86%, stainless steel down 0.62%, bonded copper down 0.59%, SHFE tin up 0.30%.

* Commodity futures closed up mostly. Energy & chemistry futures saw a mixed performance, bleached softwood kraft pulp up 0.87%, LPG down 0.8%. Black series closed up collectively, hot-rolled coil up 1.52%, coke up 1.31%, iron ore up 1.07%, steel rebar up 0.99%. Agricultural products went up mostly, rapeseed oil up 0.56%, No.2 soybeans up 0.51%.

 

 

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