DZ20230109

 

Financials

*Guo Shuqing, head of CBIRC said 1) to convert total income into consumption and investment as much as possible, financial policies shall actively cooperate with fiscal and social policies to increase income of residents under pandemic impact and with low income base to improve consumption ability. 2) More appropriate financial products will be developed and commodity consumption like housing and automobile is encouraged. 3) Monetary policy will step up supports on private firms to maintain effective growth of aggregate credit with comprehensive financing cost to be lowered. Financing channels of private firms will be widened with issuance of stocks and bonds supported. 4) Rectification of financial business of 14 platform firms has been basically completed. 5) yuan currency rate to maintain bi-directional fluctuation in medium-long term and to trend up in general. 6) Development of direct financing will be accelerated with registration reform of stock issuance to be deeply promoted.

 

Data

*China Dec 2022 foreign exchange reserves of usd 3.1277tn, up usd 10.2bn m/m by 0.33% and saw gains for 3 consecutive months.

*Official estimate suggests total passenger flow during the Spring Festival holiday will reach 2.095bn and recovers to 70% level in 2019.

 

Industrial Economy

*NDRC is in research to enhance price supervision on iron ore for its price rally under stable supply-demand market fundamentals.

 

Co Focus

*A well-known analyst MingChi Kuo suggests BOE has acquired 70% orders of iPhone 15 and iPhone 15 Plus as the largest screen supplier, win over Samsung.

*Ant Group adopted a series of upgrade measures, including introduction of the 5th independent board director, adjustment of shareholder superstructure and matching voting rights with economic benefits. Major shareholders will exercise voting rights independently with no relationship of action in concert and no sole or joint control after the adjustment.

 

*Jan 6th Block Trade

*Block Trade Info

*Discount

- China Tianying Inc. (000035 CH)saw 2 block trades worth 63mn at 5 yuan per share, 4.94 discount from last closing.

- Zhejiang Construction Investment (002761 CH) saw 6 block trades worth 28mn at 19.41 yuan per share, 10.64 discount from last closing.

- Yabo Tech Co. (002323 CH) saw 3 block trades worth 7mn at 2.91 yuan per share, 11.01 discount from last closing.

- Sharetronic Data Tech (300857 CH) saw 4 block trades worth 14mn at 16.88 yuan per share, 14.49 discount from last closing.

- Wingtech Tech (600745 CH) saw 1 block trade worth 77mn at 51 yuan per share, 6.01 discount from last closing.

- Sany Heavy Industry Co. (600031 CH) saw 2 block trades worth 26mn at 16.34 yuan per share, 0.97 discount from last closing.

 

*Flat

- Tongling Nonferrous Metals (000630 CH) saw 1 block trade worth 96mn at 3.04 yuan per share, 0.00 discount from last closing.

- CATL (300750 CH) saw 2 block trades worth 243mn at 416.66 yuan per share, 0.00 discount from last closing.

 

*Margin Trade

Total Margin Balance

1.4492 trillion

Total Short Selling Balance

95.1 billion

SH Margin Balance

0.7633 trillion

SH Short Selling Balance

58.4 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

603806

157mio

600919

14.43mio

600298

144mio

512880

5.28mio

600435

134mio

512690

4.3mio

600418

93mio

601111

2.35mio

688506

91mio

512000

2.11mio

SZ Margin Balance

0.6858 trillion

SZ Short Selling Balance

36.7 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

000725

147mio

300168

3.14mio

300724

110mio

000591

1.75mio

002049

98mio

002610

1.71mio

002027

94mio

002010

1.55mio

300393

85mio

002241

1.27mio

 

*Connection Trade

 

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

+4.5

Northbound Net Cash Flow

+1.6

Southbound Net Cash Flow

-1.0

Southbound Net Cash Flow

-0.35

Top 5 Northbound Inflow

Top 5 Northbound Outflow

Name

Market Value (mio cny)

‰ out of ttl share outstanding

Name

Market Value (mio cny)

‰ out of ttl share outstanding

601318

817

1.54

300450

384

6.56

600519

815

0.36

600009

207

3.24

000858

626

0.85

300763

204

3.85

601012

428

1.37

002603

200

4.90

000651

300

1.57

600406

185

1.14

 

*Index Futures

 

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2301

78,176

-12,358

56,710

-4,388

62,128

-5,207

IF2303

25,953

-4,954

51,462

-2,120

62,739

-2,059

IF2306

12,507

2,256

25,416

-110

36,665

489

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2301

51,068

-9,008

40,682

-2,308

49,087

-2,970

IH2303

18,749

-247

30,235

-856

39,891

-1,443

IH2306

6,767

-1,042

10,753

-663

15,241

-796

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2301

54,983

-4,117

68,071

-2,785

67,187

-3,815

IC2302

5,875

369

10,868

668

9,551

624

IC2303

18,285

-485

94,514

9

92,299

-213

IC2306

8,661

133

77,676

415

84,170

398

CSI 1000 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IM2301

35,967

-644

31,627

354

33,650

306

IM2303

11,633

-828

31,857

-376

34,722

-839

IM2306

6,423

-57

30,398

-131

37,309

-191


*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2301

115688

-50344

54232

-1519

54620

-683

CSI 1000 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

MO2301

69912

6083

28206

924

31324

1018

SSE50 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

HO2301

45813

-7718

17255

556

20970

1011

 

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2303

85,048

13,811

37,329

1,509

41,948

1,408

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2303

90,798

35,263

75,212

1,200

79,308

531

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2303

91,796

15,644

131,521

-1,458

128,748

-2,169

T2306

6,588

909

12,713

237

12,935

351

 

*Night Session Commodities Market (As of 02:30 am)

Top 3 Gainers (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Coke

J2305

2,718.0

+3.15%

24,531

31,388

Coking Coal

JM2305

1,844.5

+2.42%

37,630

72,629

Silver

AG2302

5,223.0

+1.26%

374,940

148,405

Top 3 Loser (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Iron Ore

I2305

826.5

-2.07%

652,408

861,648

RBD Palm Olein

P2305

8,012.0

-0.89%

440,670

454,736

Soybean Oil

Y2305

8,648.0

-0.69%

228,226

454,906

 

Commodities (night session):

* Global crude oil closed mixed. February NYMEX contract up 0.08% to closed at $73.73/b, March Brent contract down 0.11% to closed at $78.60/b. INE crude oil active contract up 0.25% to closed at 527 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 1.62% to closed at $1870.5/oz. SHFE gold active contract up 0.74% to closed at 413.42 yuan/gram.

* Metals closed up mostly. LME nickel up 3.97%, LME copper up 2.81%, LME aluminum up 2.31%, LME tin up 1.97%, LME zinc up 1.13%. SHFE copper up 0.88%, SHFE lead down 0.57%.

* Commodity futures closed mixed. Energy & chemistry futures saw mixed performance, EB up 1.22%, bleached softwood kraft pulp up 1.12%. Black series closed up mostly, coke up 3.15%, coking coal up 2.42%, iron ore down 2.07%. Agricultural products closed mixed, rapeseed meal up 1.02%.


 

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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.