DZ20230203

 

Financials

*CSRC held 2023 systematic work conference which emphasized to 1) well implement registration-based IPO reform; 2) enhance adaptability and tolerance of financing and M&A policies on technology innovation firms with normalized issuance of public fund REITs to be promoted; 3) carry forward new round of 3-year action plan in improving quality of listed companies, promote qualified development of equity funds and guide market participation of more medium-long term funds; 4) solve risk in key fields and purify market ecology.

 

Industrial Economy

*MoC: new batch of measures in promoting consumption of auto and home appliance to be issued in 2023. Stable scale and optimized structure of foreign trade to be promoted in greater efforts with supporting role of exports on national economy to be stabilized through 1) enhance trade; 2) expand exports at reasonable level; 3) deepen trade innovation and promote healthy development of new ecology like cross-border e-commerce; 4) stabilize industrial fundamental of foreign trade.

*MoC: 4 key aspects will be emphasized in stabilizing and expanding auto consumption including 1) stabilize consumption of new vehicles; 2) support NEV consumption; 3) expand circulation of second-hand vehicles; 4) smooth process of car scrappage.

*CADA issued investigation results of auto dealer inventory alert index at 61.8% in Jan 2023, up 3.5% y/y and 3.6% m/m, above the neutral line.

 

Co Focus

*Iflytek (002230 CH) signed overall strategic cooperation contract with Hangzhou city and to mutually integrate and energize “AI+”for co-construction of innovation high-land in promotion of innovative application of AI and local digital reform.

 

*Feb 2nd Block Trade

*Block Trade Info

*Discount

- Cofco Tech & Industry Co. (301058 CH）saw 6 block trades worth 29mn at 14.6 yuan per share, 8.64 discount from last closing.

- Zhejiang Construction (002761 CH) saw 1 block trade worth 22mn at 22.06 yuan per share, 0.5 discount from last closing.

- Yealink Network (300628 CH) saw 3 block trades worth 52mn at 58.27 yuan per share, 4.89-7.00 discount from last closing.

- Pacific Union Precision (688210 CH) saw 4 block trades worth 59mn at 23.59yuan per share, 9.19-16.27 discount from last closing.

- TDG Holding Co. (600330 CH）saw 1 block trade worth 29mn at 13.48 yuan per share, 1.96 discount from last closing.

- 37 Interactive Entertainment (002555 CH) saw 21 block trades worth 173mn at 20.07 yuan per share, 5.46 discount from last closing.

 

*Flat

- Chacha Food Co. (002557 CH) saw 2 block trades worth 56mn at 46.61 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 price closed down collectively. March NYMEX crude oil contract down 0.54% to closed at $76.00/b, April Brent contract down 0.76% to closed at $82.21/b. INE crude oil active contract down 0.81% to 537.9 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.81% to closed at $1927.1/oz. SHFE gold active contract down 1.01% to closed at 418.74 yuan/gram.

* Metals closed up mostly, LME nickel up 2.4%, LME tin up 2.26%, LME lead up 0.54%, LME aluminum down 1.03% on the contrast. SHFE nickel up 0.25%, SHFE copper down 0.90%, bonded copper down 0.82%.

* Commodity futures closed down mostly, energy & chemistry futures saw weak performance, fuel oil down 3.36%, MEG down 1.91%, methanol down 1.79%, bitumen down 1.77%, PP down 1.42%, PTA down 1.37%. Black series went down collectively, steel rebar down 1.25%, coke down 1.15%, iron ore down 1.11%. Agriculture futures went down mostly, cotton yarn down 1.37%, No.2 soybeans down 1.35%, RBD palm olein down 1.32%, soybean oil down 1.25%, rapeseed oil down 1.1%.
 

 

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