DZ20230508
 

Industrial Economy
 

Xi’s emphasis

*Chairman Xi Jinping presided over the first meeting of the 20 Central Financial and Economic Commission on the afternoon of May 5, studying the issue of accelerating the construction of a modern industrial system and supporting China's modernization with the high-quality development of population. The meeting emphasized that speeding up the construction of a modern industrial system supported by the real economy, grasp the wave of new scientific and technological revolution like AI, to maintain industrial security as the top priority, pay more attention to storing grain in technology and break through the restrictions on agricultural production caused by natural conditions such as arable land. Deepen the reform and innovation of education and health, regard the construction of a strong education country as a strategic project for the high-quality development of the population.
 

Policy

*The State Council Premier Li Qiang presided over the executive meeting on May 5 reviewed and approved the opinions on accelerating the development of advanced manufacturing clusters, deploying and accelerating the construction of charging infrastructure, and better supporting NEV rural and rural revitalization.
 

Data

*CPCAAUTO: According to preliminary statistics, the retail sales of the passenger vehicle market in April amounted to 1.652mio units, up 58% y/y and up 4% m/m, the accumulated retail sales have reached 5.938mio units since this year, representing a y/y increase of the same level. The retail sales of NEV in April reached 529k units, up 87% y/y and down 3% m/m, with the total number of retail units has reached 1.852mio since the beginning of this year, up 37% y/y.

*Ministry of Natural Resources: The total import and export volume of marine transportation in the first quarter increased by 6.5% y/y, which was 1.7% higher than the growth rate of the total import and export in the same period.

Industrial Economy

*MIIT publicly solicited for "automobile complete vehicle"information security opinions on four mandatory country standards which pointed out that vehicles manufacturers should establish full life cycles of vehicles information security management system, it should be able to identify and record the log by technical means if the integrity and authenticity of the autopilot data are damaged.

*The National Energy Administration: Further strengthen support and coordination, support the safe, efficient and stable production and increase production of high-quality coal, fully support National Energy Group reform and construction of major energy projects, strengthening energy supply security, promoting green and low-carbon transformation and contributing to the high-quality development of China energy industry.

*Ministry of Finance and Ministry of Education have issued the capital budget of the 2023 modern vocational education quality improvement plan. It is clear that the central finance government will continue to provide awards and subsidies to high-level vocational schools with Chinese characteristics and professional construction plan construction units.

*NDRC: Give priority to the recovery and expansion of consumption, increase the income of urban and rural residents through multiple channels, strive to improve consumption conditions, innovate consumption scenarios and fully release consumption potential. Promote consumption upgrading and support NEV, cultivate and expand new consumption by spending on elderly care services, education, medical, culture and sports services.
 

Co Focus

*Muyuan (002714 CH): According to the announcement on May 5th, the co sold in April live pigs 5.342mio heads, sales revenue of cny 9.106 bn. In April,the commodity pig price showed a downward trend compared with March 2023.

 

 

May 5 Block Trade Info

*Discount

- Jinke Tom Culture (300459 CH) saw 2 block trades worth 513.6mn at 7.31 yuan per share, 14.40pct discount from last closing.

- Jiuyuan Yinhai (002777 CH) saw 2 block trades worth 22.8mn at 29.83 yuan per share, 13.64pct discount from last closing.

 

*Flat

- Zijin Mining (601899 CH) saw 3 block trades worth 48.0mn at 12.58 yuan per share, flat from last closing.

- Eastern Shenghong (000301 CH) saw 4 block trades worth 176.2mn at 12.44 yuan per share, flat from last closing.

- PingAn Insurance (601318 CH) saw 2 block trades worth 32.3mn at 53.83 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 performed strong. June NYMEX crude oil contract up 4.03% to closed at $71.32/b, July Brent contract up 3.79% to closed at $75.25/b. INE crude oil active contract up 3.85% to 509.9 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 1.5% to closed at $2024.9/oz. SHFE gold active contract down 1.58% to closed at 450.50 yuan/gram.

* Metals closed up collectively, LME nickel up 2.95%, zinc up 2.23%, LME tin up 1.76%, LME aluminum up 1.49%. SHFE zinc up 1.63%, SHFE nickel up 1.13%, SHFE aluminum up 0.93%.

* Commodity futures closed up collectively. Energy & chemistry futures saw strong performance, fuel oil up 4.77%, MEG up 2.49%, bitumen up 2.48%, PTA up 2.39%. Black series closed up collectively, coke up 3.53%, iron ore up 3.49%, coking coal up 3.4%. Agricultural products closed up mostly, rapeseed meal up 3.17%, RBD palm olein up 2.95%, rapeseed oil up 2.94%.

 

 

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