DZ20230608

 

Xi’s emphasis

*Xi Jinping sent a letter to congratulate the opening of the First Cultural Strong Country Construction Summit Forum which emphasized to better shoulder the new cultural mission to build a strong country and inject strong spiritual strength into national rejuvenation.

 

Industrial Economy

*Beijing Municipal Commission of Housing and Urban-Rural Development issued notices on Families who have purchased shared property rights can transfer the share of the property rights purchased according to the market price after obtaining real estate ownership certificates for 5 years.

*The 2023 World Artificial Intelligence Conference will be held in Shanghai from July 6th to 8th which will focus on ten topics such as large model, AI for Science, general agent, computing power, meta-universe and talent.

 

Financials

*HKEX announced 21 dual-counter securities which will be launched on June 19th, mainland investors may be able to trade RMB counter securities through the " Hong Kong Stock Connect" in the future.

 

Data

*CPCAAUTO: According to preliminary statistics showing that May retail sales of passenger cars of 1.759mio units, up 30% y/y and up 8% m/m, with NEV retail sales of 557k units, up 55% y/y and up 6% m/m.

*SAFE: As of the end of May, the scale of foreign exchange reserves was 3176.5 billion US dollars, a decrease of 0.88%. Influenced by the fiscal and monetary policy expectations of major economies, global macroeconomic data and other factors, the US dollar index rose, and global financial asset prices were mixed. Under the combined effect of exchange rate translation and asset price changes, the scale of foreign exchange reserves declined in the month.

 

June 7 Block Trade Info

*Discount

- Jointown Pharm (600998 CH) saw 1 block trades worth 461.69mn at 16.00yuan per share, 3.73pct discount from last closing.

- Offcn Education (002607 CH) saw 18 block trades worth 134.50mn at 4.53yuan per share, 10.12pct discount from last closing.

- Eastern Shenghong (000301 CH) saw 1 block trades worth 145.47mn at 11.15yuan per share, 0.09pct discount from last closing.

 

*Premium

- Soochow Securities (601555 CH) saw 2 block trades worth 310.46mn at 7.22yuan per share, 1.40pct premium from last closing.

- Spring Airlines (601021 CH) saw 2 block trades worth 73.71mn at 54.20yuan per share, 2.89pct premium from last closing.

- CATL (300750 CH) saw 7 block trades worth 56.64mn at 219.28yuan per share, 5.78pct premium from last closing.

 

*Flat

- Wantai Biological Pharm (603392 CH) saw 1 block trades worth 303.52mn at 60.51yuan per share, flat from last closing.

- Yangtze Power (600900 CH) saw 2 block trades worth 134.04mn at 22.34yuan 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 moved up collectively. July NYMEX crude oil contract up 1% to closed at $72.46/b, August Brent contract up 0.64% to closed at $76.78/b. INE crude oil active contract up 1.93% to 533.8 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 1.31% to closed at $1955.5/oz. SHFE gold active contract down 0.70% to closed at 448.28 yuan/gram.

* Metals closed up mostly, LME zinc up 2.85%, LME nickel up 2.56%, LME lead up 0.89%, LME copper down 0.55%. SHFE zinc up 1.44%, SHFE nickel up 1.33%, SHFE aluminum up 0.39%, SHFE tin down 0.28%.

* Commodity futures closed up mostly. Chemistry and energy products saw mixed performance, glass up 1.37%, bleached softwood karft pulp down 1.55%. Black series closed up collectively, iron ore up 2.34%, coke up 1.56%. Agricultural products closed mixed, corn starch up 1.03%.

 

Download PDF

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.