DZ20230614

 

Industrial Economy

*The Biden administration wanted to extend waivers to allow chip companies from South Korea and Taiwan to maintain operations in China, reported by thethe Wall Street Journal.

*A senior executive of China photovoltaic company arrested for going to Germany to participate in the exhibition on June 12th, insiders clarified that whom assisting investigation in double against old cases does not affect the export of Chinese photovoltaic products to the European Union.

*National Energy Administration issued notice to select six pilot provinces to carry out pilot projects for evaluating the carrying capacity and improvement measures of distributed photovoltaic access to the power grid and encourage the transformation and upgrading of wind farms that have been connected to the grid for more than 15 years or have a single unit capacity of less than 1.5 megawatts.

 

Policy

*NDRC issued notice that small-scale taxpayers with monthly sales of less than 100k yuan will be exempted from value-added tax before the end of 2023, introduce targeted tax and fee reduction policies for areas like technological innovation and key industrial chains, enhance the accuracy of tax and fee preferential policies to promote stable and slight decrease in loan interest rates.

*General Office of the CPC Central Committee and General Office of the State Council jointly issued the "Opinions on Building a Basic Public Education Service System with High Quality and Balance" which pointed out to promote the overall development of urban and rural areas, narrow the gap between urban and rural education, accelerate the expansion and increase of urban schools, effectively solve the supply and demand contradiction of educational resources that flow into areas with concentrated population inflows.

 

Data

*PBoC: According to preliminary statistics, May social financing scaleincreased 1.56 trillion yuan, an increase of 331.2 billion yuan from the previous month. RMB loans increased by 1.36 trillion yuan, a decrease of 541.8 billion yuan compared to the same period last year. M2 was 282 trillion yuan, up 11.6% y/y.

*CPCAAUTO: The pickup truck market sold 46k units In May, up 4.3% y/y.

 

June 13 Block Trade Info

*Discount

- Three Gorges Renewables (600905 CH) saw 1 block trades worth 2.06bn at 4.83yuan per share, 9.38pct discount from last closing.

- Boomy Intelligent Tech (688290 CH) saw 1 block trades worth 155.04mn at 63.91yuan per share, 4.99pct discount from last closing.

- Joinn Lab (603127 CH) saw 14 block trades worth 88.04mn at 41.93yuan per share, 6.01pct discount from last closing.

- Giant Network (002558 CH) saw 19 block trades worth 120.65mn at 17.60yuan per share, 12.57pct discount from last closing.

 

*Flat

- Wantai Biological (603392 CH) saw 2 block trades worth 107.72mn at 68.11yuan per share, flat from last closing.

- Sanan Optoelectronics (600703 CH) saw 13 block trades worth 252.23mn at 16.94yuan per share, flat from last closing.

- Midea (000333 CH) saw 2 block trades worth 218.48mn at 56.61yuan 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 3.22% to closed at $69.28/b, August Brent contract up 3.2% to closed at $74.14/b. INE crude oil active contract up 2.61% to 519.6 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.65% to closed at $1956.9/oz. SHFE gold active contract down 0.40% to closed at 450.34 yuan/gram.

* Metals closed up collectively, LME nickel up 6.53%, LME copper up 1.57%, LME zinc up 1.28%. SHFE nickel up 3.59%, bonded copper up 1.53%, SHFE copper up 1.33%, SHFE zinc up 1.09%, SHFE aluminum up 0.71%.

* Commodity futures closed up collectively. Chemistry and energy products saw strong performance, soda ash up 3.18%, fuel oil up 2.78%, glass up 2.21%, natural rubber up 1.97%. Black series closed up collectively, iron ore up 1.45%, coke up 1.43%, coking coal up 1.15%. Agricultural products performed strong, RBD palm olein up 1.74%, rapeseed oil up 1.24%, No.2 soybeans up 1.15%.

 

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