DZ20230421

 

Financials

*PBoC suggested on the Q1 financial statistics related press conference that credit injection and growth of social financing scale to remain stable in 2023 and China has no fundamental for long-term deflation or inflation. Stable monetary policy will be further implemented to maintain reasonable growth of monetary credit and proper interest rate level.

 

Industrial Economy

*MIIT said to well develop info communication industry through laying solid foundation of digital infrastructure, accelerate innovation of technical industry, push forward core tech breakthrough in 5G, optical and quant communication fields, enhance R&D in leading industries like AI, block chain and digit with resilience and safety level of industrial and supply chain to be improved. Industrial integration and application will be deeply promoted.

*National Press and Publication issued April online game approval information with 86 games on the list.

*PBoC held 2023 technology work conference which required to accelerate construction of new infrastructure with digital transformation of finance to be push forward.

*The 2023 national population supervision work conference was held which required accelerating construction of birth supporting policy system in local regions and promoting development of child-care service.

 

Co Focus

*Sodium-ion battery produced by CATL will be equipped on new car of Chery Automobile to be officially launched in 23Q4 and sodium-ion battery produced by BYD will also realize massive production in 2H, both will in mixed of sodium-ion and lithium-ion batteries, according to someone familiar with this matter.

*Huawei has completed R&D on self-controllable MetaERP based on root techniques like Huawei Euler OS and GaussDB, Securities Journal reported.

 

*Apr 20th Block Trade

*Block Trade Info

*Discount

- SMIC (688981 CH) saw 2 block trades worth 58mn at 65.15 yuan per share, 2.00 discount from last closing.

- Advanced Micro-Fabrication Equipment Inc. (688012 CH）saw 4 block trades worth 148mn at 183.71-187.48yuan per share, 2.87-4.82 discount from last closing.

- Offcn Education(002607 CH）saw 4 block trades worth 129mn at 4.43 yuan per share, 0.89 discount from last closing.

- Piotech Inc. (688072 CH) saw 10 block trades worth 453mn at 427.8-433.5 yuan per share, 1.5-2.79 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 prices closed down collectively. June NYMEX crude oil contract down 2.65% to closed at $77.14/b, June Brent contract down 2.79% to closed at $80.80/b. INE crude oil active contract down 2.29% to 558.7 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.46% to closed at $2016.6/oz. SHFE gold active contract up 0.40% to closed at 445.24 yuan/gram.

* Metals closed down collectively, LME nickel down 1.8%, LME tin down 1%, LME aluminum down 0.92%, LME copper down 0.91%. SHFE nickel down 1.32%, SHFE tin down 1.20%, SHFE aluminum down 1.10%.

* Commodity futures closed down mostly, energy & chemistry futures saw strong performance, glass up 4.76%, MEG up 1.43%, fuel oil down 2.17%, bleached softwood kraft pulp down 2.16%. Black series closed down collectively, iron ore down 2.67%, coking coal down 2.6%, coke down 1.8%. Agricultural products closed down collectively, No.1 down 2.22%, soybean oil down 2.15%, cotton down 1.98%.

 

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