DZ20230717

 

Xi’s emphasis

*Chairman Xi Jinping gave important instructions on cybersecurity and information technology, thoroughly implement the important requirement of the Party Central Committee on strengthening the Internet and vigorously promote the high-quality development of Internet and information technology.

 

Industrial Economy

*The Administration for Market Regulation approved the establishment of a national intelligent industrial robot industry measurement and testing center which aim to promote high-quality development of the intelligent industrial robot industry.

*Zhengzhou government issued “Mineral Resources Overall Plan 2021-2025", which proposed that by 2035, the economic benefits of mining industry will be significantly improved, and the development and utilization management of geothermal resources and large-scale utilization space layout will be more reasonable.

*SASAC held the second roundtable meeting for the economic operation of state-owned enterprises which researched and deployed the energy and power supply of state-owned central enterprises, as well as the economic operation work of key industries and enterprises.

*SASAC: From January to June this year, central enterprises have completed a total of 1.4 trillion yuan in fixed asset investment (excluding real estate), an increase of 18.6% y/y, with the investment in strategic emerging industries increased by more than 40% y/y, accounting for more than one-fourth of all investments, mainly covering 15 key industrial areas such as new generation mobile communication, AI, biotechnology and new materials.

*The State Administration for Financial Supervision and Administration issued the "Management Measures for Auto Finance Companies", which strengthen supervision based on risk, allow the establishment of overseas subsidiaries, providing financial services required for the development of overseas markets for national brand automobiles, and will be implemented from August 11, 2023.

*The State Council Premier Li Qiang presided over the executive meeting on July 14th and listened to the report on the safety and supply of energy and electricity in the peak summer season, approved the "Guiding Opinions on Actively Promoting the Construction of Public Infrastructure for Urgent Uses" in megacities, studied and deployed rectification work for problems found in central budget execution and other fiscal revenue and expenditure audits.

 

Financials

*Guangzhou Futures Exchange: The Lithium carbonate futures contract will be listed for trading starting from July 21st.

*CSRC: Further strengthen the investment power of private equity funds, gradually expand the introduction of long-term funds such as insurance funds, social security funds and pension funds, stated by Fang Xinghai, vice chairman of the CSRC.

 

July 14 Block Trade Info

*Discount

- Bright Laser Tech (688333 CH) saw 5 block trades worth 173.90mn at 115.93yuan per share, 8.00pct discount from last closing.

- Optowide Tech (688195 CH) saw 4 block trades worth 113.62mn at 44.04yuan per share, 1.39pct discount from last closing.

- Kunlun Tech (300418 CH) saw 39 block trades worth 295.93mn at 33.82yuan per share, 13.50pct discount from last closing.

- Desay Sv Automotive (002920 CH) saw 2 block trades worth 423.38mn at 150.40yuan per share, 6.00pct discount from last closing.

 

*Flat

- China Yangtze Power (600900 CH) saw 2 block trades worth 204.48mn at 22.47yuan per share, flat from last closing.

- Moutai (600519 CH) saw 2 block trades worth 110.44mn at 1753yuan per share, flat from last closing.

- Oriental Yuhong (002271 CH) saw 3 block trades worth 110.52mn at 26.62yuan 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 down collectively. August NYMEX crude oil contract down 2.11% to closed at $75.27/b, September Brent contract down 2.04% to closed at $79.70/b. INE crude oil active contract down 0.69% to 579.4 yuan/b.

* Precious metals saw mixed performance. COMEX gold contract down 0.23% to closed at $1959.3/oz. SHFE gold active contract up 0.15% and closed at 455.68 yuan/gram.

* Metals closed down mostly, LME zinc down 1.82%, LME tin down 0.81%, LME nickel up 1.58% on the contrast. SHFE zinc down 1.12%, SHFE tin down 0.54%, SHFE aluminum down 0.54%, SHFE lead down 0.51%.

* Commodity futures closed down collectively. Chemistry and energy products saw weak performance, LPG down 2.24%, woodpulp down 2.06%, PTA down 1.88%, TSR 20 down 1.68%. Black series closed down mostly, coking coal down nearly 1%. Agricultural products closed down mostly, cotton yarn down 2.03%, cotton down 2.01%, RBD palm olein down 1.77%.

 

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