DZ20230308
Policy
*The State Council proposed to set up national general administration of financial supervision, in charge of supervision over financial industry (except for securities industry) on basis of CBIRC with regular supervisory role played by PBoC on financial holding companies as well as investor protection duty by CSRC transferred into the new institution. CBIRC will be removed, CSRC and CNIPA will be adjusted as departments directly under administration of the State Council with science and technology department to be reconstructed.
*The State Council: national data bureau to be set up in promoting digital China, digital economy, digital social planning and construction.
Industrial Economy
*Ni Hong, head of MoHURD suggested confidence on stable recovery of property market under premise of “housing is for living rather than speculation” with rigid and improving demand supported in promoting high quality development. Qualified real estate companies will be treated equally without discrimination with qualified state-owned and private property firms under supports to improve asset debt condition and to satisfy reasonable financing demand.
Data
*SAFE: China foreign exchange reserves as of end-Feb of usd 3.1332tn, down usd 51.3bn m/m by 1.61%.
*Projects launched nationwide around 15.4k units in Feb 2023, up 32.2% m/m in total investment of cny 9.099tn, down 3% m/m and down 19.6% y/y, according to incomplete statistics.
*CPCAAUTO: Feb NEV retail sales of 438k units, up 59% y/y and 32% m/m.
*Mar 7th Block Trade
*Block Trade Info
*Discount
- SMIC(688981 CH) saw 1 block trade worth 13mn at 42.13 yuan per share, 1.4 discount from last closing.
- Will Semiconductor Co. (603501 CH) saw 1 block trade worth 165mn at 77.4 yuan per share, 7.26 discount from last closing.
- Asia—Potash (000893 CH) saw 2 block trades worth 52mn at 25.37 yuan per share, 7.85 discount from last closing.
- Shengyuan Environmental Protection Co. (300867 CH）saw 5 block trades worth 27mn at 17 yuan per share, 9.38 discount from last closing.
- Shenjian New Materials Co. (002361 CH）saw 2 block trades worth 75mn at 4.10 yuan per share, 7.03 discount from last closing.
- Micro-Tech (Nanjing) Co. (688029 CH) saw 4 block trades worth 23mn at 77.54 yuan per share, 4.52 discount from last closing.
*Flat
- Offcn Education (002607 CH) saw 4 block trades worth 74mn at 5.1 yuan per share, 0.00 discount from last closing.
- Xinxiang Chemical Fiber Co.(000949 CH) saw 2 block trades worth 65mn at 3.6 yuan per share, 0.00 discount from last closing.
*Margin Trade
|
Total Margin Balance |
1.4920 trillion |
Total Short Selling Balance |
94.4 billion |
|
SH Margin Balance |
0.7829 trillion |
SH Short Selling Balance |
58.5billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
601117 |
169mio |
600010 |
5.85mio |
|
601668 |
104mio |
600028 |
4.19mio |
|
601919 |
103mio |
600919 |
3.85mio |
|
601658 |
94mio |
600871 |
2.44mio |
|
600941 |
85mio |
600157 |
2.37mio |
|
SZ Margin Balance |
0.7089 trillion |
SZ Short Selling Balance |
35.9 billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
300059 |
116mio |
002948 |
1.07mio |
|
000725 |
66mio |
002444 |
0.97mio |
|
002142 |
65mio |
002602 |
0.82mio |
|
000001 |
64mio |
002459 |
0.81mio |
|
300760 |
50mio |
000681 |
0.77mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
+1.7 |
Northbound Net Cash Flow |
-1.9 |
||
|
Southbound Net Cash Flow |
-1.2 |
Southbound Net Cash Flow |
+0.4 |
||
|
Top 5 Northbound Inflow |
Top 5 Northbound Outflow |
||||
|
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
|
600150 |
299 |
4.6 |
600887 |
423 |
2.18 |
|
000858 |
298 |
0.38 |
600438 |
372 |
1.96 |
|
300896 |
266 |
5.19 |
300015 |
223 |
1.24 |
|
300274 |
264 |
1.97 |
002714 |
212 |
1.19 |
|
601398 |
211 |
0.18 |
002049 |
212 |
2.2 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2303 |
113,047 |
18,345 |
73,950 |
915 |
85,756 |
-182 |
|
IF2306 |
28,979 |
5,406 |
45,621 |
2,312 |
55,835 |
2,382 |
|
IF2309 |
9,416 |
1,138 |
18,631 |
739 |
24,926 |
1,327 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2303 |
88,030 |
25,410 |
53,554 |
1,721 |
64,142 |
1,773 |
|
IH2306 |
21,312 |
5,781 |
21,893 |
-239 |
28,389 |
-446 |
|
IH2309 |
8,570 |
2,770 |
11,978 |
561 |
16,719 |
824 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2303 |
79,523 |
12,186 |
96,158 |
576 |
98,160 |
-480 |
|
IC2304 |
9,695 |
2,781 |
13,064 |
2,224 |
11,970 |
1,890 |
|
IC2306 |
26,088 |
7,910 |
77,596 |
3,360 |
82,357 |
2,537 |
|
IC2309 |
16,044 |
4,184 |
52,598 |
3,417 |
51,756 |
3,549 |
|
CSI 1000 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IM2303 |
65,901 |
20,345 |
49,919 |
5,170 |
53,675 |
3,997 |
|
IM2306 |
19,089 |
6,560 |
32,740 |
1,888 |
39,003 |
1,892 |
|
IM2309 |
7,571 |
2,173 |
21,875 |
1,473 |
22,907 |
1,182 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2303 |
182775 |
55984 |
62321 |
-1705 |
72384 |
-292 |
|
CSI 1000 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
MO2303 |
110662 |
26456 |
30925 |
41 |
37433 |
23 |
|
SSE50 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
HO2303 |
67299 |
21397 |
26286 |
1101 |
30419 |
1353 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2303 |
28 |
26 |
1,005 |
-2 |
1,005 |
-2 |
|
TS2306 |
75,448 |
12,777 |
46,764 |
2,084 |
50,487 |
2,293 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2303 |
112 |
103 |
342 |
-4 |
342 |
-4 |
|
TF2306 |
96,546 |
3,439 |
83,128 |
3,766 |
83,506 |
3,761 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2303 |
408 |
380 |
2,418 |
-411 |
2,418 |
-411 |
|
T2306 |
97,826 |
2,603 |
137,091 |
2,865 |
131,993 |
1,738 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Fuel Oil |
FU2305 |
3,100.0 |
+1.44% |
513,483 |
406,951 |
|
Low Sulfur Fuel Oil |
LU2305 |
4,190.0 |
+1.21% |
33,934 |
24,818 |
|
PVC |
V2305 |
6,506.0 |
+0.85% |
326,059 |
658,461 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Silver |
AG2306 |
4,822.0 |
-2.88% |
721,892 |
677,520 |
|
Stainless Steel |
SS2304 |
15,960.0 |
-1.78% |
54,455 |
77,201 |
|
RBD Palm Olein |
P2305 |
8,086.0 |
-1.65% |
218,170 |
473,733 |
* Commodities (night session):
* Global crude oil price closed down collectively. April NYMEX crude oil contract down 4.04% to closed at $77.21/b, May Brent contract down 3.74% to closed at $82.96/b. INE crude oil active contract down 1.47% to 569.4 yuan/b.
* Precious metals closed down collectively. COMEX gold contract down 2% to closed at $1817.6/oz. SHFE gold active contract down 0.85% to closed at 415.28 yuan/gram.
* Metals closed down collectively, LME zinc down 2.82%, LME copper down 2.11%, LME lead down 1.7%, LME aluminum down 1.43%, LME nickel down 1.25%. Bonded copper down 1.32%, SHFE copper down 1.16%.
* Commodity futures closed mixed, energy & chemistry futures saw mixed performance, fuel oil up 1.44%, low sulfur fuel oil up 1.21%. Black series closed mixed, iron ore up 0.66%, stainless steel down 1.75%. Agriculture futures closed mixed, sugar up 0.8%, RBD palm olein down 1.65%, No.1 soybeans down 0.84%.
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.
