DZ20230804

 

Industrial Economy

*Jiangsu Province solicited opinions on "Management Measures for Major Science and Technology Infrastructure Pre-Research Projects (Trial)", which plans to set up special funds to support major scientific and technological infrastructure pre-research projects.

*NDRC, MoF and National Energy Administration jointly issued notice on doing a good job in the full coverage of green power certificates for renewable energy, and promote the consumption of renewable energy electricity, which emphasized to promote the steady increase of the proportion of green electricity consumption among central enterprises and local state-owned enterprises, not issuing tradable green certificates for existing conventional hydropower projects.

*PBoC held a symposium on financial support for the development of private enterprises, which emphasized to accurately implement differentiated housing credit policies to meet the reasonable financing needs of private real estate enterprises, strengthen coordination in financial, fiscal, and industrial policies and guide more financial resources to flow to the private economy.

* Shenzhen publicly solicited opinions on the "Notice on Adjusting Matters Related to the Extraction of Housing Provident Fund Rentals", which plans to raise the withdrawal limit of housing provident fund rental to 80%, and increase the preferential support policy for multi-child family provident fund.

 

Financials

*NDRC will further strengthen communication and coordination with other departments, work with relevant departments to study and introduce policies and measures to promote the healthy development of venture capital, and better serve the high-quality development of the real economy.

 

Data

*MoC: In the first half of 2023, China's service trade continued to maintain a growth trend. The total import and export value of services was 3135.84 billion yuan, up 8.5% y/y, with export of 1323.22 billion yuan, down 5.9% y/y, and import of 1812.62 billion yuan, up 22.1% y/y.

 

*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 2.82% to closed at $81.73/b, October Brent contract up 2.45% to closed at $85.24/b. INE crude oil active contract up 1.47% to 621.6 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.29% to closed at $1969.3/oz. SHFE gold active contract down 0.26% and closed at 454.42 yuan/gram.

* Metals closed up collectively, LME tin up 2.6%, LME copper up 1.52%, LME aluminum up 1.06%. SHFE zinc up 0.62%, SHFE nickel up 0.59%, bonded copper up 0.59%.

* Commodity futures closed mixed. Chemistry and energy products closed down mostly, LPG down 1.42%, PTA down nearly 1%, glass up 1.87% on the contrast. Black series closed mixed, coke down 1.2%. Agricultural products closed mixed, rapeseed meal up 2.53%, No.1 soybeans up 1.51%, RBD palm olein down 1.56%, cotton down 1.39%.

 

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