DZ20230113

 

Financials

*SASAC emphasized to carry forward new round of reform of state-owned enterprises with core competitiveness of state-owned enterprises to be improved. Concentration of state-owned capital toward key industries will be promoted along with strategic reorganization and professional integration.

 

Industrial Economy

*Vice secretary general of CAAM suggest industry calls for extension of half cut purchase tax on fuel consuming vehicles in 2023 and vice chief engineer said related departments will take that into consideration in vehicle sales largely decline in Q1.

*CBIRC issued notice of range expansion on independent pricing coefficient of commercial vehicle insurance from 0.65-1.35 to 0.5-1.5 and required party in charge to strengthen supervision in ensuring stable operation of vehicle insurance market.

*Zhejiang local government issued implementation plan in expansion of effective investment in 2023-2027 involving 9 major fields, including construction of advanced manufacturing clustering (planned investment of cny 1.67tn in 5 years), tech innovation highland, modern transportation system, green low carbon development, water network, culture and tourism service.

*CPCAAUTO: retail sales of passenger vehicle during Jan 1st to 8th of 360k units, down 23% y/y and up 7% vs last month.

 

Co Focus

*Vice head of COMAC suggest C919 airplane will accelerate production and transformation to industrialization with market shares to be acquired. It plans to achieve annual capacity of 150 units in future 5 years with 1200 units of orders already on hand.

 

 

*Jan 12th Block Trade

*Block Trade Info

*Discount

- Wuxi Apptec Co. (603259 CH）saw 10 block trades worth 400mn at 85.26 yuan per share, 6.23 discount from last closing.

- Zhenhua E-Chem Inc. (688707 CH) saw 1 block trade worth 23mn at 46.81 yuan per share, 0.4 discount from last closing.

- Foshan Yowant Tech (002291 CH) saw 4 block trades worth 30mn at 15.01 yuan per share, 13.64 discount from last closing.

- Yahong Meditech Co. (688176 CH) saw 6 block trades worth 22mn at 11.1 yuan per share, 12.04 discount from last closing.

- Nanomicro Tech (688690 CH) saw 11 block trades worth 133mn at 51.53 yuan per share, 10.15-0.00 discount from last closing.

 

 

 

*Flat

- CITIC Securities (600030 CH）saw 1 block trade worth 18mn at 20.46 yuan per share, 0.00 discount from last closing.

- Merchants Shekou (001979 CH）saw 1 block trade worth 56mn at 14.23 yuan per share, 0.00 discount from last closing.

- CATL (688176 CH) saw 8 block trades worth 54mn at 433.5 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 up collectively. February NYMEX contract up 1.1% to closed at $78.26/b, March Brent contract up 1.39% to closed at $83.82/b. INE crude oil active contract up 0.87% to closed at 534.2 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 1.13% to closed at $1900.2/oz. SHFE gold active contract up 0.33% to closed at 415.06 yuan/gram.

* Metals closed up mostly. LME nickel up 2.85%, LME tin up 2.38%, LME aluminum up 1.95%, LME zinc up 1.48%. SHFE tin up 1.63%, SHFE lead down 0.33% on the contrast.

* Commodity futures closed up mostly. Energy & chemistry futures saw strong performance, EB up 2.29%, LPG up 1.72%, soda ash up 1.49%, polyester staple fiber up 1.19%, PP up 1.16%, PTA up 1.11%. Black series closed up mostly, iron ore up 0.94%. Agricultural products closed mixed, corn starch up 1.47%, rapeseed meal up 0.91%, rapeseed oil down 2% on the contrast.

 

 

 

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