DZ20230227

 

Financials

*PBoC issued 2022Q4 monetary policy execution report on Feb 24th which focuses more on overseas economic financial risk compared to last quarter. It emphasized that economic operation to be overall improved in 2023 with macro policy adjustment to be enhanced and system of modern central bank to be constructed. Stable growth, employment and product price to be well implemented with reasonable growth of real economy under financial supports promoted.
*Hong Kong Stock Exchange will revise main board's listing rules in March and allow listing of technology companies with no income and profit for better connection with the Greater Bay region.
 

Industrial Economy

*CBIRC held special meeting and requires bank to accelerate processing of backlogged applications and better serve prepayment demand with supervision to be enhanced on illegal flow of operating loan and consumption loan into real estate industry.
*PBoC and CBIRC revised opinions on financial supports of housing rental market development in promoting stable healthy development of property market.
*The new national medical insurance drug list will be officially implemented from March 1st 2023 with 111 drugs to be added in and average price cut by 60.1%.

Co Focus

*China Southern Power said to weigh bid for usd 3bn ENEL Peru assets.

 

*Feb 24th Block Trade

*Discount

- Hengxing Science & Technology (002132 CH) saw 1 block trade worth 134mn at 4.75 yuan per share, 3.16 discount from last closing.

- Greatoo Intelligent Equipment (002031 CH) saw 1 block trade worth 100mn at 3.43 yuan per share, 8.45 discount from last closing.

- Click (002782 CH) saw 11 block trades worth 36mn at 19.52 yuan per share, 7.33 discount from last closing.

- Jinko Solar (688223 CH) saw 5 block trades worth 149mn at 15.08yuan per share, 1.39 discount from last closing.

- Botanee Bio-Technology (300957 CH) saw 16 block trades worth 75mn at 137.0 yuan per share, 5.64 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 up collectively. April NYMEX crude oil contract up 1.41% to closed at $76.45/b, May Brent contract up 1.1% to closed at $82.85/b. INE crude oil active contract up 1.28% to 551.8 yuan/b.

* Precious metals closed mixed. COMEX gold contract down 0.48% to closed at $1818/oz. SHFE gold active contract up 0.18% to closed at 412.62 yuan/gram.

* Metals closed down mostly, LME nickel down 4.16%, LME copper down 2.35%, LME aluminum down 2.25%, LME zinc down 2.22%, LME tin down 1.51%, LME lead up 1.26% on the contrast. Bonded copper down 1.73%, SHFE zinc down 1.68%, SHFE aluminum down 1.34%.

* Commodity futures closed down mostly, energy & chemistry futures saw weak performance, TSR 20 down 1.27%, fuel oil down 1.15%, glass down 0.91%. Black series closed down collectively, iron ore down 1.71%. Agriculture futures closed down mostly, cotton yarn down 1.09%, cotton down 1.01%.

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.