DZ20230529

Data

*NBS:Jan-April industrial profit decreased by 20.6% y/y to 2.03tn yuan.

*MoF: The national state-owned and state-owned holding enterprises had a good economic performance trend and their efficiency indicators maintained growth from January to April with the total profit of state-owned enterprises was cny 1438.81 bn, up 15.1% y/y.

*CPCAAUTO: April pickup truck market sold 42k units, up 24% y/y, which is at a medium-to-high level in the past five years, down 11% m/m, with a small decrease.

 

Industrial Economy

*MIIT: Deepen the integration and development of big data and the real economy, solidly promote new industrialization. Strengthen key core technology R&D, coordinate and promote industrial base reconstruction projects and major technical equipment R&D projects, forward-looking layout of future industries like AI, web3.0, advanced computing, 6G to form new competitiveness in the new track, said by Wang Jiangping, vice minister of MIIT in the 2023 China International Big Data Industry Expo.

*MIIT: strengthen the reconstruction of industrial foundations and major technological equipment research, accelerate breakthroughs in core basic components, advanced basic processes, key basic materials, basic software and other aspects, gather strength to break through the "root" technology of intelligent industries like intelligent chip algorithm framework and large models, accelerate and improve the construction layout and quality of manufacturing innovation centers, strengthen the construction of new infrastructure and establish a solid foundation for industrial development, said by Xu Xiaolan, vice minister of MIIT in the 2023 ZGC Forum plenary session on May 26th.

*NDRC: Improve the level of intelligent scheduling and achieve deep interaction and integration between physical water networks and digital water networks, expand the scale of equity and debt financing and promote the acceleration of water network engineering construction through market-oriented reforms.

*Benefiting from the rapid development of the international shipping industry, China shipbuilding industry has undertaken a large number of new ship orders from around the world, with shipyard orders scheduled for 2028. Jiangnan Shipyard Deputy General Manager Lin Qingshan introduced that as of now, the civilian ship orders have received about cny 30 bn. They will be fully received in 2026 and almost half by 2027. Some production lines even have been scheduled for 2028.

*SFC HK: Applications for operating licenses for virtual asset trading platforms can be submitted starting from June 1st.

 

May 26 Block Trade Info

*Discount

- Bright Power Semiconductor (688368 CH) saw 1 block trades worth 78.71mn at 118.0yuan per share, 18.73pct discount from last closing.

- Foxconn (601138 CH) saw 43 block trades worth 412.07mn at 15.16yuan per share, 9.71pct discount from last closing.

 

*Flat

- Zhejiang Construction Investment (002761 CH) saw 2 block trades worth 215.40mn at 18.02yuan 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 1.45% to closed at $72.87/b, August Brent contract up 1.39% to closed at $77.24/b. INE crude oil active contract up 2.08% to 529.5 yuan/b.

* Precious metals closed mixed. COMEX gold contract up 0.12% to closed at $1946.1/oz. SHFE gold active contract down 0.12% to closed at 445.30 yuan/gram.

* Metals closed up mostly, LME zinc up 2.9%, LME copper up 2.22%, LME tin up 0.99%, LME nickel down 0.91%. SHFE zinc up 3.08%, bonded copper up 2.03%, SHFE copper up 1.86%, SHFE aluminum up 1.65%.

* Commodity futures closed up collectively. Iron ore, soda ash and methanol active contract up over 3%, EB up over 2%, LLDPE and PVC up over 1%. Rapeseed meal and white sugar saw modest increase as well.

 

 

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