DZ20230130

 

Data

*As data disclosed by State Administration of Taxation shows that sales income in consumption related industries up 12.2% y/y during the Spring Festival holiday, product and service consumption up by 10% and 13.5% y/y respectively. Box office as of Jan 28th reached 6.76bn, up 11.89% y/y. Domestic tourism income of cny 375.84bn, up 73.1% y/y and recovered to 73.1% of 2019 level.

*Estimated sales of passenger vehicles in Jan of 1.36mio units, down 34.6% y/y and down 37.3% m/m with estimated sales of NEV of 360k units, up 1.8% y/y and down 43.8% m/m in penetration of 26.5%, according to CPCAAUTO.

 

Financials

*Premier Li Keqiang held State Council general meeting on Jan 28th which required promoting steady recovery of economy at early 2023 with spring ploughing prepared to ensure stable supply of agricultural products. Consumption recovery will be pushed forward and to maintain stable foreign trade.

 

Policy

*NDRC and 18 other department jointly issued opinions in promoting migration from regions in poverty to urban regions with related household settlement to be encouraged and fiscal supports will be provided to regions with population inflow.

*Shanghai city issued notice in boosting demand, stable growth and development which pointed out 1) exemption and deduction of value-added tax of small-scale tax payer in 2023 as well as discounted loans for medium-small firms; 2) issuance and use of local government bonds to be accelerated; 3) development of private and platform enterprises to be supported; 4) new round of development plan of integrated circuit, bio-pharm and AI industries to be formulated; 5) automobile and home appliance consumption are promoted with cny 10k fiscal subsidy provided for NEV in replacement fuel-consuming vehicles as of June 30th 2023.

 

Industrial Economy

*Several banks in Zhengzhou city announced to adjust down mortgage rate of first home to 3.8% at lowest by 50bps with rate unchanged for second home, take effect from Jan 29th.

 

*Jan 20th Block Trade

*Block Trade Info

*Discount

- Shaoyang Victor Hydraulics Co.(301079 CH）saw 4 block trades worth 42mn at 19.85-21 yuan per share, 7.89-12.94 discount from last closing.

- 37 Interactive Entertainment (002555 CH) saw 5 block trades worth 50mn at 20.05 yuan per share, 5.38 discount from last closing.

- Etek Microelectronics Co.(688601 CH) saw 11 block trades worth 27mn at 63.96-64.68 yuan per share, 10.29-11.29 discount from last closing.

- Ja Solar Tech Co.(002459 CH) saw 3 block trades worth 52mn at 65.34 yuan per share, 1.00 discount from last closing.

- Hichain Logistics Co. (300873 CH) saw 2 block trades worth 80mn at 27.89 yuan per share, 3.29 discount from last closing.

- Bcht Biotechnology Co. (688276 CH）saw 5 block trades worth 27mn at 68.2 yuan per share, 7.84 discount from last closing.

- Aiyingshi Co. (603214 CH) saw 5 block trades worth 28mn at 18.18 yuan per share, 8.23 discount from last closing.

 

*Flat

- Eastern Shenghong Co. (000301 CH）saw 6 block trades worth 156mn at 14.68 yuan per share, 0.00 discount from last closing.

 

 

*Margin Trade

 

*Connection Trade

Southbound trading was suspended on Jan 20th

 

*Index Futures

 

*Index Options

 

*Treasury Futures

 

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

 

Global Commodities (During Spring Festival):

* Global crude oil closed down collectively. February NYMEX contract down 1.83% to closed at $79.38/b, March Brent contract down 0.24% to closed at $86.21/b.

* Precious metals closed down collectively. COMEX gold contract down 0.03% to closed at $1927.6/oz. COMEX gold contract down 1.47% to closed at $23.73/oz.

* Metals closed up mostly. LME tin up 4.91%, LME lead up 1.44%, LME aluminum up 0.44%, LME nickel down 0.99% on the contrast, LME copper down 0.74%, LME zinc down 0.10%..

* Agricultural products closed up mostly, ICE sugar up 6.81%, ICE cotton up 3.41%, CBOT wheat up 2.64%, CBOT corn up 1.37%, CBOT soybean meal up 0.83%, CBOT soybean up 0.05%, CBOT soybean oil down 3.83% on the contrast.

 

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