DZ20230202

 

Xi’s emphasis

*President Xi Jinping stressed efforts to accelerate the establishment of a new pattern of development as strategic decision to realize the Second Centenary Goal and ensure development and security, as well as a strategic plan to seize the initiative of future development.

 

Financials

*The comprehensive registration system reform of stock issuance was officially launched with related rules seeking for public opinions. Key changes on trading rule of main board include 1) no price limit on the first 5 trading days; 2) rule of temporary suspension during trading hours to be optimized; 3) new listings can be added in the pool of margin trading and short selling. Though 10% price limit will still be applied from the 6th trading day and no restrictions set for assets and investment experience of investors.

*Reorganization of state-owned enterprises have pressed the accelerators with focus from 4 aspects, including active promotion of resource integration in medical health, equip manufacturing, coal mining and coal power fields with overlapping investment and homogenous competition to be avoided.

 

Industrial Economy

*MoF, GACC and State Administration of Taxation jointly issued notice on tax policies of cross-border e-commerce which lowered returning cost of exported products, aiming to boost development of foreign trade.

*CPCAAUTO: retail sales of NEV during Jan 1st to 27th of 304k units, down 1% y/y and down 43% m/m with NEV wholesales during the same period of 299k units, down 18% y/y and down 50% m/m.

 

*Feb 1st Block Trade

*Block Trade Info

*Discount

- Zheshang Bank Co.(601916 CH）saw 2 block trades worth 37mn at 2.97 yuan per share, 0.34 discount from last closing.

- Changyuan Lico Co. (688779 CH) saw 2 block trades worth 163mn at 16.32 yuan per share, 1.69 discount from last closing.

- Acetic Acid Chemical Co. (603968 CH) saw 5 block trades worth 45mn at 22.15 yuan per share, 0.32 discount from last closing.

- Dashenlin Pharmaceutical Co.(603233 CH) saw 3 block trades worth 96mn at 38.11 yuan per share, 0.00-0.42 discount from last closing.

- Beijing Oriental Yuhong (002271 CH) saw 1 block trade worth 36mn at 36.6 yuan per share, 0.00 discount from last closing.

- Fibocom Wireless Inc (300638 CH）saw 15 block trades worth 148mn at 19.22 yuan per share, 9.77 discount from last closing.

- C*Core Tech (688262 CH) saw 2 block trades worth 24mn at 41.94 yuan per share, 22.19 discount from last closing.

 

*Premium

- Daqo New Energy Co. (688303 CH）saw 5 block trades worth 61mn at 49.42 yuan per share, 0.47-1.57 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 contract down 2.75% to closed at $ 76.70/b, April Brent contract down 2.84% to closed at $83.03/b. INE crude oil active contract down 2.36% to 533.8 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 1.11 % to closed at $ 1966.8/oz. SHFE gold active contract up 0.15% to closed at 421.38 yuan/gram.

* Metals closed down mostly. LME nickel down 4.43%, LME zinc down 2.04%, LME copper down 1.83%, LME tin down 1.81%, LME lead up 0.16% on the contrast. SHFE tin down 4.05%, SHFE nickel down 2.21%, SHFE zinc down 1.34%, SHFE copper down 1.21%, SHFE lead up 0.49%.

* Commodity futures closed down mostly. Energy & chemistry futures saw weak performance, natural rubber down 2.65%, TSR 20 down 2.11%, glass down 1.74%, PVC down 1.21%, MEG down 1.1%, fuel oil down 1.09%. Black series closed down collectively, iron ore down 1.38%. Agricultural products closed mixed, No.1 soybeans up 1.21%, soybeans oil down 1.29%, No,2 soybeans down 1.06%, RBD palm olein down 1%.

 

 

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