DZ20230316

 

Financials

*PBoC held 2023 financial stability work conference which pointed out economic operation in China is overall stable with risk under control. It emphasized to promote system construction in securing financial stability with related legislation and fund system to be optimized and the insurance function of deposits to be well played.
*SAFE: foreign exchange selling and settlement by banks in Feb of cny 1.262tn and 1.2493tn respectively.

Industrial Economy

*Inner Mongolia to adopt new passing policy for NEV by 80% discount for 10 fee-collecting highways in its region, to save toll by over cny 600mio in estimate.
*MIIT issued notice to carry forward special action in improving safety capacity of 5G network operation with the integration of cloud, computing and network.

 

*Mar 15th Block Trade

*Block Trade Info

*Discount

- Zhejiang Construction Investment (002761 CH) saw 3 block trades worth 313mn at 18.47-20.90 yuan per share, 8.15-12.01 discount from last closing.

- Montage Technology (688008 CH) saw 21 block trades worth 151mn at 54.30 yuan per share, 3.16 discount from last closing.

*Premium

- Three Gorges Water Conservancy (600116 CH）saw 1 block trade worth 188mn at 9.83 yuan per share, 0.41 premium from last closing.

*Flat

- Guangzhou Development (600098 CH) saw 1 block trade worth 183mn at 6.12 yuan per share, flat from last closing.

- Gem (002340 CH) saw 1 block trade worth 122mn at 7.50 yuan per share, flat 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 4.35% to closed at $68.23/b, May Brent contract down 3.89% to closed at $74.44/b. INE crude oil active contract down 5.98% to 496.9 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.65% to closed at $1923.3/oz. SHFE gold active contract up 1.15% to closed at 430.94 yuan/gram.

* Metals closed down collectively, LME tin down 3.33%, LME aluminum down 3.02%, LME copper down 2.96%, LME zinc down 1.12%. SHFE tin down 4.17%, SHFE nickel down 3.40%, bonded copper down 3.34%, SHFE copper down 3.15%, SHFE zinc down 2.01%.

* Commodity futures closed down collectively, energy & chemistry futures saw weak performance, fuel oil down 4.19%, bitumen down 2.99%, LPG down 2.5%, TSR 20 down 2.48%, methanol down 2.3%, natural rubber down 2.12%. Black series closed down collectively, coking coal down 2.32%, hot-rolled coil down 1.88%, coke down 1.81%. Agricultural products closed down mostly, rapeseed oil down 3.05%, soybean oil down 2.12%, sugar down 1.77%.

 

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