DZ20230720

 

Policy

*The Central Committee of the CPC and the State Council jointly released opinions on promoting the development and growth of private economy, which pointed out to improve the legal system that standardizes and guides the healthy development of private capital, encourage private enterprises to carry out digital common technology R&D, participate in the investment and application innovation of new infrastructure such as data centers and industrial internet, and support eligible private enterprises to go public for financing and refinancing.

*MoC will revise the "Management Measures for Foreign Investors' Strategic Investment in Listed Companies" to promote the rational reduction of negative lists for foreign investment access and further lift or relax restrictions on foreign investment access.

 

Industrial Economy

*The National Energy Administration issued the "Technical Requirements for Implementing Key Projects in the Long-term Development Plan for Pumped Storage", which pointed out that the application for regulation should be based on the development needs of pumped storage.

*MIIT publicly seek opinions on the "Notice on Strengthening End-Net Collaboration to Support the Development of 5G News Scale" which proposed to adhere to the safety bottom line and strengthen risk prevention, planned to strengthen the authority management for mobile applications calling 5G messages.

*MoC will study and support NEV to explore the international market, improve the development level of processing trade, implement practical measures like facilitating business personnel to apply for visas, increasing flights on international flights, and hold important exhibitions like the China International Import Expo.

*The liquid air energy storage demonstration project in Qinghai Province officially started construction by China Green Development Investment Group Co., Ltd in Golmud City. After the project is completed, it will become the world's largest demonstration project in terms of power generation and energy storage scale in the field of liquid air energy storage.

 

Data

*MoF announced the fiscal revenue and expenditure situation for the first half of 2023, with stampduty revenue of cny 211.5bn, a y/y decrease of 14.6%, among which securities transaction stamp duty reached cny 110.8bn, a y/y decrease of 30.7%.

 

July 19 Block Trade Info

*Discount

- Kingsoft Office (688111 CH) saw 23 block trades worth 210.83mn at 405.00yuan per share, 10.20pct discount from last closing.

- Risesun Real Estate Development (002146 CH) saw 2 block trades worth 145.19mn at 1.6/1.65yuan per share, 15.82/18.37pct discount from last closing.

- Alpha Group (002292 CH) saw 10 block trades worth 63.77mn at 9.21yuan per share, 18.13pct discount from last closing.

- Huagong Tech (000988 CH) saw 7 block trades worth 328.92mn at 43.54yuan per share, 1.40pct discount from last closing.

 

*Flat

- China Yangtze Power (600900 CH) saw 2 block trades worth 135.00mn at 22.50yuan 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 mostly. September NYMEX crude oil contract down 0.36% to closed at $75.39/b, September Brent contract down 0.15% to closed at $79.51/b. INE crude oil active contract up 0.88% to 585.5 yuan/b.

* Precious metals saw strong performance. COMEX gold contract down 0.02% to closed at $1980.4/oz. SHFE gold active contract up 0.59% and closed at 463.18 yuan/gram.

* Metals closed down mostly, LME tin down 1.44%, LME zinc down 1.38%, LME nickel down 0.87%. SHFE tin down 1.30%. SHFE aluminum up 0.38%, SHFE nickel up 0.23%.

* Commodity futures closed up mostly. Chemistry and energy products saw strong performance, soda ash up 4.35%, fuel oil up 2.25%, LPG up 1.27%. Black series closed up collectively, coking coal up 2.27%, coke up 1.63%, iron ore up 1.5%. Agricultural products closed up mostly, rapeseed meal up 1.47%, soybean oil up 1.45%, soybean meal up 1.23%.

 

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