DZ20230714

 

International Relationship

*MoF: China holds an open and welcome attitude towards Raymond Do minister's visit to China and is maintaining communication with the US regarding this matter. The Chinese side will continue to be committed to solving each other's concerns and promoting constructive and pragmatic cooperation in the economic and trade fields through dialogue and communication.

 

Industrial Economy

*The National Network Information Office and other seven departments jointly announced the "Interim Measures for the Administration of Generative Artificial Intelligence Services", which aimed to promote the healthy development and standardized application of generative AI, safeguard national security and social public interests, and protect the legitimate rights and interests of citizens, legal persons and other organizations. The notice encourage independent innovation in basic technologies such as generative AI algorithms,frameworks, chips and supporting software platforms, carry out international exchanges and cooperation on an equal and mutually beneficial basis, and participate in the formulation of international rules related to generative AI, and will be implemented from August 15, 2023.

*Shanxi Province issued the "14th Five-Year Plan for the construction of electric vehicle charging infrastructure in Shanxi Province", which proposed that by the end of 2025, the province will be fully distributed number of public charging stations about 130k units, with a pile ratio of no less than 1:8 and striving to reach 1:6. It can meet the charging needs of 800k electric vehicles, achieve full coverage of public charging facilities on highways in counties, villages and provinces. It has basically formed a "moderate advance, balanced layout, intelligent and efficient" charging infrastructure system.

*MoF and other 16 departments issued notice on the "2023 Domestic Service Promotion Action Plan", which pointed out to consolidate and expand the achievements of domestic service poverty alleviation and effectively link it with the implementation of rural revitalization strategy, and better play the role of domestic service industry in promoting consumption, benefiting people's livelihoods and stabilizing employment.

*MoF: The launch ceremony of the "2023 National Summer Consumption Season and Night Chongqing Life Festival" was held in Chongqing, combined with the summer consumption peak season, organized various consumption promotion activities to better meet the diverse consumption needs of residents such as summer vacation, camping, leisure tourism and nighttime consumption.

*Sanya has introduced the interim measures to promote the development of low-altitude tourism, which should be included in the scope of special funds for the development of the tourism industry, used for infrastructure construction, public service system construction and talent cultivation for low-altitude tourism, promoting the development of low-altitude tourism.

*Ministry of Finance: Expand the implementation scope of the full cost insurance and planting income insurance for the three major grain crops to all major grain-producing counties in the country.

 

Data

*National Energy Administration: In June, the total electricity consumption of the whole society was 775.1 billion kilowatt-hours, a y/y increase of 3.9%.

 

July 13 Block Trade Info

*Discount

- Piotech (688072 CH) saw 13 block trades worth 94.24mn at 303.69yuan per share, 9.13pct discount from last closing.

- Ingenic Semiconductor (300223 CH) saw 5 block trades worth 118.00mn at 98.27/98.37yuan per share, 0.80/0.90pct discount from last closing.

- Meyer Optoelectronic Tech (002690 CH) saw 1 block trades worth 102.40mn at 25.60yuan per share, 3.69pct discount from last closing.

 

*Flat

- Power Construction (601669 CH) saw 19 block trades worth 296.36mn at 5.78yuan per share, flat from last closing.

- China Yangtze Power (600900 CH) saw 2 block trades worth 201.78mn at 22.42yuan per share, flat from last closing.

- CATL (300750 CH) saw 1 block trades worth 232.30mn at 230.00yuan 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 closed up collectively. August NYMEX crude oil contract up 1.93% to closed at $77.21/b, September Brent contract up 1.88% to closed at $81.62/b. INE crude oil active contract up 1.69% to 588.1 yuan/b.

* Precious metals saw modest increase. COMEX gold contract up 0.17% to closed at $1965/oz. SHFE gold active contract up 0.02% and closed at 454.96 yuan/gram.

* Metals closed up mostly, LME copper up 2.44%, LME aluminum up 2.1%, LME zinc up 2.04%. LME nickel down 2.1%. Bonded copper up 1.70%, SHFE copper up 1.65%, SHFE zinc up 1.20%, SHFE tin down 1.21% on the contrast.

* Commodity futures closed up collectively. Chemistry and energy products saw strong performance, EB up 2.78%, glass up 1.93%, PVC up 1.31%. Black series closed up collectively, coking coal up 1.48%, coke up 1.17%, iron ore up 1.03%. Agricultural products closed up collectively, rapeseed meal up 2.29%, soybean meal and No.2 soybeans up nearly 1%.

 

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