DZ20230725

 

Policy

*The Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work, Chairman Xi Jinping presided over the meeting and emphasized to actively expand domestic demand and play a fundamental role in promoting economic growth through consumption, adjust and optimize real estate policies in a timely manner, implement policies according to cities, make good use of policy toolboxes, better meet residents' rigid and improved housing needs and promote stable and healthy development of the real estate market, continue to implement a proactive fiscal policy and a prudent monetary policy, boost consumption of automobiles, electronic products, home furnishings and other major items, and promote consumption of sports, leisure, cultural tourism and other services, promote the deep integration of the digital economy with advanced manufacturing and modern service industries to promote the safe development of AI.

*SAFE publicly solicited opinions on further deepening reforms and promoting the facilitation of cross-border trade and investment, which propose to integrate technology-based small and medium-sized enterprises into the pilot scope of cross-border financing facilitation, further support technological innovation in small and medium-sized enterprises, relax restrictions on the scale of early-stage expenses for foreign direct investment (ODI), improve cross-border trade opening policies and expand capital project facilitation measures.

 

International Relationship

*Ministry of Foreign Affairs: China has decided to resume the 15-day visa-free entry policy for Singapore and Brunei starting from 00:00 on July 26th.

 

Industrial Economy

*Asahi Shimbun reported on July 22nd that the Japanese government will impose additional export controls on 23 categories of advanced semiconductor equipment from July 23th which is aimed at preventing China from producing advanced semiconductors and is a response to tighter U.S. restrictions on China.

*Ministry of Housing and Urban-Rural Development and other 7 departments issued notice to carry out complete community construction pilot projects in 106 communities which aim to improve community service functions and make up for the shortcomings of community service facilities.. The pilot program starts from the date of the release of the document and lasts for two years.

*MIIT and National Health Commission jointly issued notice to organize and carry out work for the first batch of "Broadband Network+Healthy Rural" application pilot projects, focusing on key directions such as remote medical services, county-level medical community information construction, mobile rural patrol, network village medical assistants, network village medical education and training and network public health protection.

*The National Health Commission and other six departments jointly issued key tasks for deepening the reform of the medical and health system in the second half of 2023, which included regularly centralized procurement of drugs and medical consumables.

 

July 24 Block Trade Info

*Discount

- Keanda Electronic Tech (002972 CH) saw 8 block trades worth 55.89mn at 11.36yuan per share, 9.84pct discount from last closing.

- Shuanghuan Driveline (002472 CH) saw 11 block trades worth 56.24mn at 28.12yuan per share, 6.48pct discount from last closing.

- Luolai Lifestyle Tech (002293 CH) saw 4 block trades worth 143.54mn at 10.64yuan per share, 6.67pct discount from last closing.

 

*Premium

- Minsheng Bank (600016 CH) saw 1 block trades worth 589.50mn at 3.93yuan per share, 0.51pct premium 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. September NYMEX crude oil contract up 2.4% to closed at $78.92/b, September Brent contract up 2.2% to closed at $82.85/b. INE crude oil active contract up 2.17% to 601.5 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.51% to closed at $1956.5/oz. SHFE gold active contract down 0.12% and closed at 457.88 yuan/gram.

* Metals closed up collectively, LME nickel up 3.13%, LME zinc up 2.02%, LME lead up 1.19%. SHFE nickel up 1.54%, SHFE lead up 1.44%, SHFE zinc up 1.12%.

* Commodity futures closed up mostly. Chemistry and energy products saw strong performance, woodpulp rose 1.56%, fuel oil up 1.52%, LPG down 1.57%. Black series closed up mostly, hot-rolled coil up 1.48%, iron ore up 1.07%. Agricultural products closed mixed, RBD palm olein rose 1.22%, No.1 soybean down nearly 1%.

 

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