DZ20230524

Xi’s emphasis

*Chairman Xi Jinping presided over the first meeting of the 20th Audit Committee of the CPC whom emphasized that in the construction of a strong country and the new journey of national rejuvenation, audit should shoulder an important mission, based on the positioning of economic supervision, focus on the main responsibility and main business and better play the unique role of audit in promoting the party's self revolution.
 

Industrial Economy

*Ministry of Finance and China Film Administration jointly announced that the special funds for the development of national film industry will be exempted from 1 May 2023 to 31 October 2023.

*China Metaverse technology and application innovation platform was established which will mainly focus on the social ecology, economic system, social system, identity system, production environment, cultural system, legal system, industry standards and other aspects of the Metaverse.

*Ministry of transport: Strive to expand the effective investment in railways and maintain the stability of fixed asset investment scale of railways.
 

Co Focus

*Huawei Digital Power team plans to invest no more than usd 1.5bn in photovoltaic as the core this year, to provide products and solutions around the 3 major scenarios of power stations, industry and commerce and household to customers and partners. The co plans to increase the penetration rate of photovoltaic to more than 60% and gradually become the ultimate goal of the main energy.

Data

*CPCAAUTO: According to preliminary calculation, May retail sales of narrow passenger cars of 1.73mio units, up 27.7% y/y and up 6.6% m/m, with May NEV retail sales of 580k units, up 60.9% y/y and up 10.5% m/m.

 

May 23 Block Trade Info

*Discount
- Lifotronic Tech (688389 CH) saw 4 block trades worth 98.24mn in ttl at 24.56yuan per share, 7.53pct discount from last closing.

- Hualan Biological (301207 CH) saw 8 block trades worth 43.68mn in ttl at 47.17yuan per share, 10.00pct discount from last closing.

 

*Flat

- Pientzehuang Pharm (600436 CH) saw 3 block trades worth 32.27mn at 309.40yuan per share, flat from last closing.

- Zhifei Biological Products (300122 CH) saw 1 block trades worth 24.71mn at 74.65yuan per share, flat from last closing.

- Oriental Yuhong (002271 CH) saw 2 block trades worth 33.78mn at 26.81yuan 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 saw strong performance. July NYMEX crude oil contract up 2.4% to closed at $73.78/b, July Brent contract up 2.17% to closed at $77.64/b. INE crude oil active contract up 1.16% to 521.1 yuan/b. API report showed a decline on storage data by 680 million barrels and there was message showed an expectation of a new round of production reduction on OPEC+ meeting next month.

* Precious metals closed up collectively. COMEX gold contract up 0.02% to closed at $1977.5/oz. SHFE gold active contract up 0.35% to closed at 450.28 yuan/gram.

* Metals closed down collectively, LME zinc down 3.19%, LME tin down 2.95%, LME nickel down 2.35%, LME aluminum down 1.92%. SHFE zinc down 2.17%, SHFE nickel down 1.33%, bonded copper and SHFE copper down 0.57%.

* Commodity futures closed mixed. Coke, iron ore, rapeseed oil and methanol saw slight decrease while PE and EB moved upward modestly.

 

 

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