DZ20230410

 

Policy

*Premier Li Qiang held State Council general meeting on April 7 and emphasized to issue substantial policies in dealing with concrete issues to stabilize market expectations and revitalize confidence. Measures in stabilizing foreign trade was under research, interim provisions of auto pilot administration was approved with interest free policy of student grants and its delayed payment of principal to be extended.

 

Financials

*The first batch of IPOs under registration system will officially get listed for trading from April 10.

*CSDC announced to officially adjust down minimum provision payment of settlement for stock business from 16% to 15%, about to free tens of billions of funds for brokers.

 

Industrial Economy

*China Construction Machinery Association: Excavator sales in March around 25.6k units, down 31% y/y with domestic sales accounts for 13.9k units, down 47.7% y/y and exports around 11.7k units, up 10.9% y/y.

*SAFE: China forex reserve as of end March of usd 3.1839tn, up 1.62% m/m.

 

Co Focus

*Tongwei signed supply contract with Libra Energy on 100MW efficient modules on the site of Solar Solutions International.

*BYD Yunnian system will be officially launched on April 10 as the industrial first smart bodywork control system designed for new energy.

*Tesla to build up energy storage super plant in Shanghai in production of energy storage product Megapack and planning on production launch in 2024 Q2.

 

 

*Apr 7th Block Trade

*Block Trade Info

*Discount

- COL Group Co.(300364 CH) saw 5 block trades worth 254mn at 23.51yuan per share, 2.00 discount from last closing.

- Xingye Mining Co. (000426 CH）saw 2 block trades worth 99mn at 7.34 yuan per share, 9.72 discount from last closing.

- Shengda Resources Co.(000603 CH）saw 2 block trades worth 59mn at 17.44 yuan per share, 3.00 discount from last closing.

- Shangji Automation Co.(603185 CH) saw 1 block trade worth 41mn at 95.79 yuan per share, 9.01 discount from last closing.

- Hualan Biological Bacterin (301207 CH) saw 14 block trades worth 66mn at 46.48 yuan per share, 10.62 discount from last closing.

 

*Margin Trade

 

*Connection Trade

Northbound and southbound trading was suspended on Apr 7th

*Index Futures

 

*Index Options

 

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

 

* Commodities (night session):

* Crude oil price closed up. INE crude oil active contract up 0.56% to 589.5 yuan/b.

* Precious metals closed down. SHFE gold active contract down 0.09% to closed at 445.92 yuan/gram.

* Metals closed up mostly, SHFE nickel up 1.89%, SHFE zinc up 1.15%, SHFE tin down 0.71% on the contrast.

* Commodity futures closed up mostly, energy & chemistry futures saw strong performance, glass up 1.85%, fuel oil up 1.45%. Black series closed up mostly, hot-rolled coil up 0.79%, coking coal down 1.14%. Agricultural products performed mixed, corn starch up 2.03%, sugar up 1.5%, corn up 1.11%, cotton yarn down 1.14%, RBD palm olein down 1.08%, soybean oil down 1.04%.
 

 

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