DZ20230605

 

Industrial Economy

*MIIT will accelerate the construction of 5G industry virtual private networks, accelerate the cultivation of emerging industries, seize new advantages in the future, continue to strengthen the advantages of the whole industrial chain in mobile communications, optical communications and other fields, comprehensively promote 6G technology R&D, and accelerate the development of emerging digital industries like AI, blockchain, cloud computing and cybersecurity, said by Jiang Zhuanglong, head of MIIT.

*Chengdu publicly solicited policies and measures for further promoting high-quality development of AI industry which pointed out to provide up to cny 3.5mio in financial support to the first-listed AI companies.

*National Energy Administration issued Blue Book on the Development of New Power Systems which pointed out to strengthen the construction of power supply support system as the first type of key task, make full use of the complementary characteristics of various power sources and build a multi-green and low-carbon marginal supply structure. It is expected that the installed capacity of New Energy will exceed 50% in 2040.

*The State Council Premier Li Qiang presided over conference to continue and optimize the policy of reducing and exempting NEV purchase taxes, build a high-quality charging infrastructure system, injecting confidence into the industry.

 

Financials

*Ministry of Civil Affairs and other three departments jointly issued to ensure the employment of 2023 ordinary college graduates to urban and rural communities, encourage the development of old-age care, childcare, housekeeping, property management, health and other livelihood services in communities, support relevant enterprises, public institutions and social organizations in setting up service outlets or providing community services in urban and rural communities, and provide social insurance subsidies and other assistance policies to small and micro enterprises that recruit college graduates for employment if they meet conditions.

*SSE: The overseas issuance and listing of GDRs should be listed on the SSE for over one year with a market value of no less than 20 billion yuan before the application date.

 

Co Focus

*China National Nuclear Power (601985 CH): The fourth-generation nuclear power safety production management system ASP-1 independently developed by our country has passed the acceptance inspection and has been fully applied in two nuclear power plants.

June 2 Block Trade Info

*Discount

- Cloudwalk Tech (688327 CH) saw 2 block trades worth 123.44mn at 30.21yuan per share, 0.89pct discount from last closing.

- CICC (601995 CH) saw 3 block trades worth 78.84mn at 39.42yuan per share, 3.26pct discount from last closing.

- Tongfu Microelectronics (002156 CH) saw 2 block trades worth 70.32mn at 23.44yuan per share, 4.01pct discount from last closing.

 

*Flat

- Minsheng Banking (600016 CH) saw 2 block trades worth 78.21mn at 3.93yuan 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 2.52% to closed at $71.87/b, August Brent contract up 2.72% to closed at $76.30/b. INE crude oil active contract up 2.89% to 524.1 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 1.56% to closed at $1964.3/oz. SHFE gold active contract down 1.06% to closed at 448.28 yuan/gram.

* Metals closed mixed, LME lead up 1.85%, LME zinc up 1.52%, LME nickel down 1.44%, LME aluminum down 0.66%. Bonded copper up 0.39%, SHFE zinc up 0.36%, SHFE tin down 0.42%, SHFE nickel down 0.42%.

* Commodity futures closed up collectively. Chemistry and energy products saw strong performance, glass up 5.87%, fuel oil up 3.05%, methanol up 1.66%, BE up 1.63%. Black series closed up collectively, coking coal up 3.1%, coke up 2.38%, steel rebar up 2.22%. Agricultural products closed up mostly, cotton up 2.81%, cotton yarn up 1.83%, RBD palm olein up 1.81%.

 

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