DZ20230223

 

International Relationship

*Wang Yi, member of the Political Bureau of the CPC central committee met with Russian President Putin on Feb 22nd and suggested China to hold objective and fair position and to play a constructive role in solving political crisis.

 

Financials

*China urges state firms to drop big four auditors on data risk, Bloomberg reported.

*Liu Kun, head of MoF said to optimize tax support policies in 2023 to enhance accuracy and to integrate macro adjustment and fiscal risk prevention, Fiscal expenditure to be appropriately expanded for financial security of national strategic tasks.

 

Industrial Economy

*Hangzhou city plans on one-time subsidies to families with two and three children by 5k and 20k yuan respectively.

 

Co Focus

*Oflim (002456 CH) said on the interactive platfom that company is deeply involved in smart-driving, vehicle electronics and intelligent controller on basis of optical lenses and cameras with multiple products layout in 4D mm wave radar.

 

*Feb 22nd Block Trade

*Block Trade Info

*Discount

- Zuojiang Tech (300799 CH) saw 7 block trades worth 245mn at 111.68-119.04 yuan per share, 14.27-19.18 discount from last closing.

- Zijin Mining (601899 CH) saw 24 block trades worth 676mn at 9.5-12.07 yuan per share, 1.12 discount from last closing.

- Tianshan Aluminum (002532 CH) saw 4 block trades worth 179mn at 8.95 yuan per share, 1.54 discount from last closing.

- Sansure Biotech Inc. (688289 CH）saw 12 block trades worth 71mn at 21.48 yuan per share, 7.97 discount from last closing.

- Blue Sail Medical Co. (002382 CH）saw 4 block trades worth 154mn at 7.6-7.93 yuan per share, 4.92-8.83 discount from last closing.

- Jinko Solar Co. (688223 CH) saw 5 block trades worth 127mn at 14.15 yuan per share, 1.39 discount from last closing.

- Golden Seed Winery Co. (600199 CH) saw 11 block trades worth 900mn at 28 yuan per share, 7.56 discount from last closing.

 

*Premium

- Qilu Bank Co.(601665 CH) saw 1 block trade worth 41mn at 4.4 yuan per share, 3.29 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. April NYMEX crude oil contract down 3.29% to closed at $73.85/b, April Brent contract down 3.13% to closed at $80.45/b. INE crude oil active contract down 1.84% to 538.4 yuan/b.

* Precious metals closed mixed. COMEX gold contract down 0.45% to closed at $1834.2/oz. SHFE gold active contract remain stable at 412.42 yuan/gram.

* Metals closed down collectively, LME lead down 2.33%, LME aluminum down 2.21%, LME tin down 2.18%, LME nickel down 2.16%. SHFE nickel down 1.88%, SHFE tin down 1.58%, SHFE zinc down 0.49%.

* Commodity futures closed up mostly, energy & chemistry futures saw strong performance, methanol up 2.33%, bitumen up 1.89%, MEG up 0.93%. Black series closed up collectively, coking coal up 5.13%, coke up 2.58%. Agriculture futures closed up mostly, RBD palm olein up 0.56%, No.1 soybeans up 0.53%, rapeseed meal up 0.52%.

 

 

Download PDF




 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.