DZ20230512

 

Industrial Economy

*Ministry of Agriculture and Rural and other 5 central departments jointly issued notice on accelerating the construction of drying capacity in grain producing areas which pointed out to make up for the short board of drying facilities and equipment and build a reasonable and systematic drying system in the grain producing areas in three years.

*China will firmly oppose that U.S. President Joe Biden is expected to sign an executive order around the time of the G7 Summit in Hiroshima, Japan, limiting U.S. investments in China, especially in AI, semiconductors and quantum technology, said by Shu Yuting, spokesman of MoF, whom also reiterated that China welcomes foreign companies to invest in China.

*National Health Comission issued to promote the construction of pilot provinces of elderly care services and the relevant situation of the pilot work of "Internet plus care services".

 

International Relationship

*FAR, Australia Trade Minister visit China from May 11 to 13, expressed to strongly advocate the full resumption of Australia's unrestricted exports to China. And MoF hopes that through this visit by FAR minister will further implement the important consensus of the Bali Island meeting between the two heads of state, exchange in-depth views on the development of bilateral economic and trade relations, properly handle each other's economic and trade concerns and promote the pragmatic development of China-Australia economic and trade cooperation.

 

Data

*PBoC: According to the preliminary statistics, China April aggregate financing of cny 1.22t, up cny 272.9bn y/y, with mkt expectations of cny 1.72t and previous of cny 5.38t. M2 up by 12.4% y/y, with mkt expectation of 12.6% and previous of 12.7%. New yuan loans reached cny 718.8bn, with mkt expectations of cny 1.13t and previous of cny 3.89t, all missed expectations.

 

May 11 Block Trade Info

*Discount

- Yongxing Special Materials (002756 CH) saw 2 block trades worth 93.75mn at 62.50yuan per share, 8.51pct discount from last closing.

- Ja Solar Tech (002459 CH) saw 1 block trades worth 30.87mn at 34.30yuan per share, 3.33pct discount from last closing.

- Yuan Longping High-tech (000998 CH) saw 5 block trades worth 222.2mn at 14yuan per share, 9.03pct discount from last closing.

 

*Premium

- Zijin Mining (601899 CH) saw 1 block trades worth 208.2mn at 11.71yuan per share, 0.26pct premium from last closing.

- Midea (000333 CH) saw 1 block trades worth 140.08n at 56.03yuan per share, 1.05pct premium from last closing.

 

*Flat

- Gree (000651 CH) saw 5 block trades worth 68.0mn at 34.01 yuan per share, flat from last closing.

- Eastern Shenghong (000301 CH) saw 2 block trades worth 45.82mn at 12.40 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 weak. June NYMEX crude oil contract down 1.57% to closed at $71.42/b, July Brent contract down 1.23% to closed at $75.47/b. INE crude oil active contract down 2.60% to 501.1 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.81% to closed at $2020.5/oz. SHFE gold active contract down 0.58% to closed at 452.66 yuan/gram.

* Metals closed down collectively, LME copper down 3.38%, LME zinc down 3.05%, LME nickel down 2.93%, LME aluminum down 2.43%. Bonded copper down 2.94%, SHFE copper down 2.76%, SHFE nickel down 1.98%, SHFE tin down 1.85%.

* Commodity futures closed down mostly. Energy & chemistry futures saw weak performance, soda ash down 2.77%, natrual rubber down 2.37%, bitumen down 1.96%. Black series closed down collectively, iron ore down 2.25%, hot-rolled coil down 1.65%, steel reabr down 1.32%. Agricultural products closed mixed, No.2 soybeans up 2.32%, No.1 soybeans up 1.82%, soybean meal up 1.24%. RBD palm olein down 1.6%, rapeseed oil down 1.41%.

 

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