DZ20230117

 

International Relationship

*Vice premier Liu He will meet U.S. Treasury Secretary Janet L. Yellen in Zurich, Switzerland on Jan 18th for implementation of consensus reached in Bali between two presidents as well as for coordination of macro economy and financial policies.

 

Financials

*MoF and State Administration of Taxation announced to extend preferential policy of individual income tax from Jan 1st 2023 to Dec 31st 2023 in supporting innovative development and opening-up of capital market.

 

Industrial Economy

*Qinghai local government issued document pointed out to accelerate construction of China salt lake group via introduction of large state-owned enterprises and integration of related firms, aiming to build up world-level salt lake industrial base by Dec 2023.

*CAICT expects market scale of China digital economy to exceed cny 60tn by 2025 with input-output efficiency to be lifted to around 3.5.

*Cui Dongshu, secretary general of CPCAAUTO said retail penetration of domestic NEV around 29.5% in Dec 2022, up 7% y/y.

 

Data

*NBS will disclose 2022 national population data shortly and market predicts that China has ready stepped in negative population growth in 2022 or at latest in 2023.

 

Jan 16th Block Trade

*Block Trade Info

*Discount

- Hengrui Pharma(600276 CH) saw 15 block trades worth 627mn at 41.25 yuan per share, 4.36 discount from last closing.

- Apptec(603259 CH) saw 16 block trades worth 703mn at 88.83 yuan per share, 9.53 discount from last closing.

- Fibocom Wireless(300638 CH) saw 20 block trades worth 227mn at 18.00 yuan per share, 9.50 discount from last closing.

- Kuang-Chi Tech(002625 CH) saw 11 block trades worth 74mn at 15.81 yuan per share, 9.35 discount from last closing.

- Kingsemi(688037 CH) saw 10 block trades worth 59mn at 148.60 yuan per share, 15.09 discount from last closing.

- Bcht Biotech(688276 CH) saw 8 block trades worth 51mn at 65.95 yuan per share, 8.03 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 down collectively. February NYMEX contract down 1.26% to closed at $78.85/b, March Brent contract down 1.47% to closed at $84.03/b. INE crude oil active contract down 0.06% to closed at 540.5 yuan/b.

* Precious metals closed mixed. COMEX gold contract down 0.18% to closed at $1918.3/oz. SHFE gold active contract up 0.43% to closed at 418.86 yuan/gram.

* Metals closed mixed. LME nickel up 2.26%, LME lead down 2.02%, LME tin down 1.39%, LME zinc down 1.32%, LME copper down 0.93%. SHFE nickel up 0.87%, SHFE zinc down 0.58%.

* Commodity futures closed mixed. Energy & chemistry futures saw mixed performance, TSR 20 up 1.99%, natural rubber up 1.85%, bitumen down 1.98%, PVC down 1.12%. Black series closed down collectively, iron ore down 2.07%, coking coal down 1.74%. Agricultural products closed up mostly, No.1 soybeans up 1.09%, RBD palm olein up 0.91%.

 

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