DZ20230504
 

Industrial Economy

*NDRC held bioeconomy conference on April 27th which emphasized to focus on key areas of bioeconomy, speed up the construction of scientific and technological infrastructure and research on key core technologies, actively support the application of biotechnology in the fields of medicine, agriculture, energy and environmental protection, increase policy support for industrial development and specify policies and measures conducive to promoting the development of bioeconomy and biotechnology.

*MIIT: Formulate guidelines on promoting high-quality development of the industrial internet, issue and implement the plan of “5G+ Industrial Internet”. Build high-quality industrial Internet platforms, strengthen the alignment of scenarios and demands, accelerate the digital transformation of small and medium-sized enterprises and enhance the ability to guarantee network and data security.

*Political Bureau of the Central Committee of the CPC held conference on April 28th to analyze and study the current economic situation which pointed out to accelerate the development of modern industrial system supported by the real economy and make breakthroughs in areas of weakness. Strengthen the foundation of self-reliance in science and technology and foster new growth drivers. Consolidate and expand advantages in the development of NEV, accelerate the construction of charging piles, energy storage and other facilities and the upgrading of supporting power grids. Attach importance to the development ofAI, create an innovation ecosystem and prevent risks.

*QIUSHI magazine published an article signed by the SASAC Party committee: Contributing to the construction of a strong country and the strength of state-owned central enterprises. The state-owned central enterprises should give full play to the backbone role of scientific and technological innovation, focus on the "neck sticking" problem of the industrial and supply chain, increase investment in new energy, AI, new materials, biotechnology, green environmental protection and other industries. In the fields of integrated circuits and industrial machines, enhance the ability to shape standards, brands, business models and industrial ecology, accelerate the transformation of high-end intelligent green and optimize the world industrial chain layout, better support and drive industrial chain circulation.

 

Financials

*CSRC issued work plan to promote the high-quality development of scientific and technological innovation corporate bonds which pointed out to improve the financing service mechanism, implement a "green channel" policy that allows scientific and technological innovation enterprises to be audited immediately after filing and issued upon examination and significantly shorten the time limit for the review and registration of scientific and technological innovation bonds. Expand the supply of funds and improve the liquidity of science and technology innovation bond transactions.

 

Policy

*PBoC issued the interim measures for the administration of interconnection and cooperation between the mainland and Hong Kong interest rates exchanges which proposed the initial daily trading net limit of "Northbound swap link" is cny 20 bn and shall come into effect on April 28th.

 

Data

*National Bureau of Statistics: The manufacturing PMI in April was 49.2%, down 2.7% form previous month, lower than the critical point and the manufacturing boom level fell.

 

Apr 28 Block Trade Info

*Discount

- Autowell Tech (688516 CH) saw 3 block trades worth 171.0mn at 140.0 yuan per share, 16.29pct discount from last closing.

- Micro-Tech (688029 CH) saw 8 block trades worth 49.15mn at 82.45 yuan per share, 8.01pct discount from last closing.

- Wondershare Tech (300624 CH) saw 4 block trades worth 40.8mn at 102.0 yuan per share, 27.35pct discount from last closing.

- COL Group (300364 CH) saw 13 block trades worth 19.64mn at 19.64 yuan per share, 10.93pct discount from last closing.

 

*Premium

- Chifeng Jilong Gold Mining (600988 CH) saw 1 block trades worth 301mn at 18.15 yuan per share, 9.54pct premium from last closing.

 

 

*Margin Trade

 

*Connection Trade

 

 

*Index Futures

 

 

*Index Options

 

 

*Treasury Futures

 

 

* Commodities (night session):

* Global crude oil prices closed down collectively. June NYMEX crude oil contract was down 4.91% to closed at $68.14/b, July Brent contract was down 4.37% to close for at $72.03/b. Weak demand on US fuel oil generated concerns of global economic recession among investors.

* Precious metals closed upward. COMEX gold contract up 1.26% to close at $2048.8/oz. A pause on interest rate hikes would generate support for gold prices, while the impact of an extra rate hike would be negative. The impasse in bipartisan negotiations over the U.S. debt ceiling may provide additional demand for gold.

* Metals closed mixed, LME lead down 2.42%, LME aluminum down 1.86%, LME nickel down 1.46%, LME tin up 0.79%, LME zinc up 0.29%.

 

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