DZ20230131

Data
*MoF: national general pulic budget income in 2022 of cny 20.37tn, up 0.6% y/y and up 9.1% y/y after deduction of tax retention, credit and refund. In breakdown, stamp tax of securities trading accounts for cny 275.9bn, up 11.4% y/y.

*MoF: income generated from transfer of the right to use the state-owned land in 2022 of cny 6.69tn, down 23.3% y/y.

*MoF: state-owned enterprises saw total revenue in 2022 of cny 4.31tn, down 5.1% y/y.

 

Policy

*MoF interpreted two key aspects of "active fiscal policy in 2023" as "step up efforts" and "improvement of policy efficiency". As for efforts, 1) well use of policy toolslike fiscal income, deficit and discounts with scale of fiscal expenditure to expand; 2) foster pulling power of local government special bonds on investments; 3) increase central transfer payment, esp to less-developed regions. As for efficiency, 1) preferential tax policies to be optimized; 2) structure of fiscal expenditure to be improved to effectively boost social investment and consumption; 3) coordinated cooperation with money, industry, tech and social policies to be enhanced with joint policy force to be formulated in promoting economic recovery.

 

Co Focus

*Yahua Industrial Group (002497 CH) said on the interactive platform that co is the major supplier of lithium salt products for Tesla with normal obligation performed according to contract and it is the major supplier of lithium hydroxide for 4680 cylindrical cell.

 

*Jan 30th Block Trade

*Block Trade Info

*Discount

- Chongqing Iron & Steel (601005 CH）saw 1 block trade worth 37mn at 1.47 yuan per share, 10.91 discount from last closing.

- Zhefu Holding (002266 CH) saw 1 block trade worth 20mn at 4.03 yuan per share, 2.42 discount from last closing.

- Yiheda Auto (301029 CH) saw 3 block trades worth 45mn at 64.47 yuan per share, 1.3 discount from last closing.

- Three Squirrels Inc. (300783 CH) saw 7 block trades worth 26mn at 18.12 yuan per share, 11.82 discount from last closing.

- 37 Interactive Entertainment (002555 CH) saw12 block trades worth 60mn at 20.13 yuan per share, 4.05 discount from last closing.

 

*Flat

- China Merchants Bank (600036 CH) saw 1 block trade worth 65mn at 42.03 yuan per share, 0.00 discount from last closing.

- Senior Tech Material Co (300568 CH）saw 3 block trades worth 53mn at 23.21 yuan per share, 0.00 discount from last closing.

 

*Premium

- Zhongji Innolight Co. (300308 CH) saw 1 block trade worth 20mn at 28.99 yuan per share, 0.28 premium 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 price closed down collectively. March NYMEX crude oil contract down 2.35% to closed at $77.81/b, April Brent contract down 2.25% to closed at $84.46/b. INE crude oil active contract down 1.26% to 548.0 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.36% to closed at $1922.5/oz. SHFE gold active contract down 0.18% to closed at 421.16 yuan/gram.

* Metals closed mixed. LME tin down 3.45%, LME aluminum down 2.32%, LME lead down 1.97%, LME nickel up 3.06% on the contrast, LME zinc up 0.76%. SHFE tin down 1.43%, SHFE aluminum down 0.79%, SHFE zinc up 0.49% on the contrast.

* Commodity futures closed down mostly, energy & chemistry futures saw weak performance, glass down 2.92%, EB down 2.41%, PVC down 1.76%, natural rubber down 1.3%, soda ash down 1.23%, MEG down 1.01%. Black series went down collectively, coking coal down 1.28%. Agriculture futures went down mostly, corn starch down 1.58%.

 

 

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