DZ20230111

 

Data

*China Dec aggregate financing of cny 1.31tn, vs est 1.85tn and previous 1.99tn. Dec M2 money supply rises 11.8% y/y, vs previous 12.4% and est 12.3%. Dec new yuan loan of cny 1.4tn, vs previous cny 1.21tn.

 

Financials

*PBoC and CBIRC held credit work conference which suggests major banks shall control the pace of credit injection with credit structure to be optimized to precisely support key and weak fields of social development. Monitoring shall be enhanced to catch up supporting financing of policy development financial tools with special re-lending of equipment renovation and fiscal discounting policy to be well played. Preferential policies shall be well used to support development recovery of micro-small market entities.

 

Industrial Economy

*MoC issued plan of expansion and opening-up of service industry in trial in Wuhan, Hangzhou and Guangzhou city with foucs on photoelectricity, NEV, block chain, cloud computing, eWTP, futures exchange, digital yuan and asset management respectively.

*CPCAAUTO: retail sales of passenger vehicles in Dec 2022 of 2.17mio units, up 3% y/y and 31.4% m/m, the most monthly gains since 2008 with accumulated retail sales of 20.54mio units realized in Jan-Dec, up 1.9% y/y.

*Cui Dongshu, secretary general of CPCAAUTO said Beijing will hardly ease auto purchase restriction policies in the short term and rumors out suggesting easing purchase of both fuel-consuming and NEV license plates could be misleading.

 

Co Focus

*Hangzhou local government signed overall deepen strategic cooperation contract with Alibaba on Jan 10th when detailed measures in supporting healthy development of platform economy is under formulation.

 

*Jan 10th Block Trade

*Block Trade Info

*Discount

- Strongteam Decoration Engineering Co. (002989 CH) saw 8 block trades worth 39mn at 15.47-15.64 yuan per share, 14.23 discount from last closing.

- China Eagle Electronic Tech. (002579 CH) saw 4 block trades worth 13mn at 10.22-10.83 yuan per share, 14.58 discount from last closing.

- Zhenhua E-Chem Inc. (688707 CH) saw 3 block trades worth 39mn at 45.62 yuan per share, 1.00 discount from last closing.

- Will Semiconductor Co. (603501 CH) saw 3 block trades worth 51mn at 84.64 yuan per share, 0.99 discount from last closing.

- CATL (300750 CH) saw 4 block trades worth 26mn at 417.66-432 yuan per share, -3.32-0.00 discount from last closing.

 

*Flat

- Joinn Laboratories Co.(603127 CH) saw 4 block trades worth 19mn at 63.5 yuan per share, 0.00 discount from last closing.

- China Yangtze Power Co. (600900 CH) saw 4 block trades worth 28mn at 20.63 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 0.11% to closed at $74.71/b, March Brent contract down 0.08 to closed at $79.59/b. INE crude oil active contract down 0.61% to closed at 524.4 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.19% to closed at $1881.3/oz. SHFE gold active contract up 0.15% to closed at 413.92 yuan/gram.

* Metals closed mixed. LME lead down 2.91%, LME zinc down 1.2%, LME nickel down 0.6%. LME copper up 0.87%, LME aluminum up 0.76%. SHFE lead down 0.87%, SHFE copper up 1.17%, SHFE tin up 0.82%.

* Commodity futures closed mixed. Energy & chemistry futures saw mixed performance, EG up 2.07%, LPG up 1.61%, bleached softwood kraft pulp down 1.44%. Black series closed up collectively, coke up 0.77%, iron ore up 0.72%. Agricultural products closed down mostly, corn starch down 0.86%, RBD palm olein down 0.73%.

 

 

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