DZ20230531

 

Xi’s emphasis

*Chairman Xi Jinping presided over the first meeting of the 20th Central National Security Council on the afternoon of May 30th whom emphasized to fully implement the spirit of the 20th National Congress of the CPC, deeply understand the complex and severe situation faced by national security, correctly grasp major national security issues, accelerate the modernization of national security systems and capabilities and strive to create a new situation in national security work.

 

Industrial Economy

*Hebei provincial government recently released the "Several Measures to Promote the Recovery and Revitalization of the Cultural and Tourism Market" which proposed to support the operation and development of travel agencies. Implement the policy of attracting rewards and subsidies for travel agencies and provide financial rewards for attracting tourists to Hebei through tourist chartered flights and chartered ships.

*Beijing government released "Several Measures to Promote the Innovation and Development of General Artificial Intelligence in Beijing" which mentioned to accelerate the construction of the Beijing AI Public Computing Center and the Beijing Digital Economy Computing Center, supporting R&D of large-scale language models, large-scale visual models, large scientific computing models, brain-inspired neural networks with hundreds of billions of ginseng and multimodal fusion perception technology for innovative subjects of autonomous driving.

 

Financials

*Beijing Z-Park Comprehensive Bonded Zone with R&D innovation as its characteristic has been officially approved for establishment. Beijing Customs closely cooperate with relevant departments in Haidian District and Beijing, build Z-Park Comprehensive Bonded Zone into a digital smart comprehensive protection zone representing national innovative image.

*Shanghai recently released "Several Policy Measures for Shanghai to Increase Efforts to Support Private Investment and Development" which proposed that Shanghai will expand its financing channels for private enterprises. Focus on revitalizing private investment stocks, support accelerating the issuance of REITs products in areas like affordable rental housing, industrial parks and consumer infrastructure to enhance reinvestment capabilities. Support private enterprises to establish asset management companies in Shanghai, integrate and optimize assets in different regions and fully activate them through infrastructure REITs.

 

May 30 Block Trade Info

*Discount

- Cloudwalk Tech (688327 CH) saw 16 block trades worth 324.87mn at 23.09-26.51yuan per share, 1.81-14.48pct discount from last closing.

- Hoshine Silicon Industry (603260 CH) saw 1 block trades worth 119.98mn at 63.48yuan per share, 6.37pct discount from last closing.

- CICC (601995 CH) saw 2 block trades worth 53.23mn at 39.14yuan per share, 3.14pct discount from last closing.

- Cosonic Intelligent (300793 CH) saw 9 block trades worth 64.81mn at 19.08yuan per share, 19.02pct discount from last closing.

- Shenzhen Inovance Tech (300124 CH) saw 3 block trades worth 122.71mn at 57.61yuan per share, 4.70pct discount from last closing.

 

*Flat

- Muyuan Foods (002714 CH) saw 2 block trades worth 515.04mn at 41.80yuan 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 weak performance. July NYMEX crude oil contract down 4.31% to closed at $69.54/b, August Brent contract down 4.24% to closed at $73.83/b. INE crude oil active contract down 4.32% to 505.3 yuan/b.

* Precious metals closed mixed. COMEX gold contract up 0.74% to closed at $1977.6/oz. SHFE gold active contract up 0.80% to closed at 448.74 yuan/gram.

* Metals closed down mostly, LME zinc down 2.28%, LME nickel down 0.77%, LME lead down 0.48%, LME tin up 3.24% on the contrast. SHFE nickel down 1.27%, SHFE zinc down 1.09%, SHFE tin down 0.53%.

* Commodity futures closed down collectively. Chemistry and energy products saw weak performance, LPG down 5.85%, soda ash down 5.27%, fuel oil down 3.56%, glass down 2.56%, PP down 2.51%. Black series went down collectively, coke down 3.01%, coking coal down 2.75%, iron ore down 2.38%. Agricultural products closed down mostly, RBD palm olein down 3.37%, rapeseed oil down 3.19%, soybean oil down 2.69%.

 

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