DZ20230214

 

Policy

*The State Council unveiled the "No 1 Central Document" for 2023, which pledged to advance the national strategy of rural vitalization with the whole of the Party's strength and accelerate the modernization process in rural regions. The text has nine sections, with topics ranging from food production and safety to rural infrastructure development. Deepen reform of rural land system to be promoted with round 2 land contracting extension by 30 years to be under research. Qualified rural revitalization projects will be added in supporting range of local government bonds with credit injection to be increased and policy tools like refinancing and rediscounting to be well used.

*A batch of local provinces have announced key project investment list in 2023 with total investment amount exceeded cny 20tn and to be mainly invested in life service, new energy related AI fields as well as bio-pharm related high-end manufacturing fields.

 

Financials

*MoF pre-granted quota of new local government special bond in 2023 saw total scale exceeded cny 2tn, up 50% y/y with issuance scale reached cny 570bn as of Feb 12th and to be fully issued by 1H 2023, according to 2022 budget execution and 2023 budget draft reports.

 

Industrial Economy

*Beijing to support leading firms in constructing outer model benchmarking ChatGPT and enhance infrastructure layout on AI and computing with innovative application in auto-driving, smart manufacturing and smart cities to be supported, according to Beijing Economic and Information Bureau.

 

*Feb 13th Block Trade

*Block Trade Info

*Discount

- Shenzhen Center Power Tech (002733 CH) saw 13 block trade worth 86mn at 18.00 yuan per share, 13.67 discount from last closing.

- Oriental Semiconductor Co. (688261 CH) saw 6 block trades worth 151mn at 264.23-266.66 yuan per share, 1.00-1.90 discount from last closing.

- C*Core Tech Co. (688262 CH) saw 4 block trades worth 52mn at 57.57-57.60 yuan per share, 0.66-0.71 discount from last closing.

- Amoy Diagnostics (300685 CH) saw 14 block trades worth 54mn at 27.21 yuan per share, 6.66 discount from last closing.

- Montage Tech Co. (688008 CH) saw 30 block trades worth 106mn at 58.3 yuan per share, 7.24 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 mostly. March NYMEX crude oil contract down 0.7% to closed at $79.16/b, April Brent contract down 0.69% to closed at $85.79/b. INE crude oil active contract up 1.43% to 565.6 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.54% to closed at $1864.3/oz. SHFE gold active contract down 0.40% to closed at 410.52 yuan/gram.

* Metals closed up mostly, LME zinc up 2.47%, LME lead up 1.73%, LME copper up 1.11%, LME nickel down 4.76% on the contrast. Bonded copper up 0.74%, SHFE zinc up 0.70%, SHFE copper up 0.62%. SHFE nickel down 2.63% on the contrast.

* Commodity futures closed down mostly, energy & chemistry futures saw weak performance, LPG down 2.83%, glass down 1.57%, bleaches softwood kraft pulp down 1.35%, methanol down 1.09%. Black series closed down collectively, iron ore down 1.17%, steel rebar down 1.04%, coking coal down 1.02%, coke down 1%. Agriculture futures closed down mostly, No.1 soybeans down 1.37%, cotton down 1.35%, cotton yarn down 0.93%.




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