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

 

*Connection Trade

 

 

*Index Futures

 

*Index Options

 

*Treasury Futures

 

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

 

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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