DZ20230518
 

Xi’s emphasis

*Chairman Xi Jinping listened government report of Shaanxi Provincial Party Committee and pointed put that new breakthroughs must be made in strengthening scientific and technological innovation and building a modern industrial system, accelerate intelligent and green upgrading and transformation of traditional industries, cultivate and expand strategic emerging industries, actively develop digital economy and modern service industry, promote the green and low-carbon transformation of development mode and improve the level of ecological civilization construction.

 

Industrial Economy

*Shanghai Economic and Information Commission: Shanghai attached great importance to the digital transformation of small and medium-sized enterprises. Shanghai is studying and formulating a three-year action plan for the digital transformation of small and medium-sized enterprises.

*MIIT: China will promote large-scale application of 5G and industrial internet facilities and plan future industries like 6G, quantum information and brain-like intelligence in advance.

Financials

*HKSE completed and announced the specific reform proposals for the GEM during the year, the main purpose of optimizing the GEM is to enable the market to play its role, promote enterprise on the GEM and increase trading volume.

 

Data

*MoF: Jan-Apr China absorbed cny 499.46 bn of foreign capital, up 2.2% y/y, equivalent to usd 73.5 bn, down 3.3%.

 

Co Focus

*Tencent released Q1 financial report which revealed the co has been investing heavily in building AI capabilities and cloud infrastructure, the game business is basically oriented well as the local market resumes growth and the international market has become the "second growth curve", according to the earnings report, the local market game revenue of cny 35.1 bn, up 6% y/y and the international market game revenue of cny 13.2 bn, up 25% y/y.

 

May 17 Block Trade Info

*Discount
- Apt Medical (688617 CH) saw 8 block trades worth 738.15mn in ttl at 349.2/364.65yuan per share, 6.03/1.87pct discount from last closing.

- Montage Tech (688008 CH) saw 4 block trades worth 100.85mn at 43.05yuan per share, 21.94pct discount from last closing.

- Bestore (603719 CH) saw 3 block trades worth 115.36mn at 28.77yuan per share, 6.13pct discount from last closing.

- Shenzhen Infinova (002528 CH) saw 5 block trades worth 134.59mn at 7.94/8.15yuan per share, 2.98/5.48pct discount from last closing.

 

*Flat

- China National Gold (600916 CH) saw 5 block trades worth 162.60mn at 12.18yuan 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 2.55% to closed at $72.67/b, July Brent contract up 2.54% to closed at $76.81/b. INE crude oil active contract up 2.45% to 519.2 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.37% to closed at $1985.7/oz. SHFE gold active contract down 0.52% to closed at 449.06 yuan/gram.

* Metals closed up collectively, LME copper up 2.3%, LME tin up 1.94%, LME nickel and LME aluminum up 1.79%. SHFE copper up 2.19%, bonded copper up 2.16%, SHFE nickel up 1.42%, SHFE tin up 1.14%.

* Commodity futures closed up mostly. Energy & chemistry futures saw strong performance, bitumen up 2.47%, glass up 2.16%, fuel oil up 2.13%. Black series closed up collectively, coke up 2.24%, iron ore up 2.05%. Agricultural products closed down mostly, rapeseed oil down 1.4%, soybean meal down 1.06%.

 

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