DZ20230818

 

Policy

*PBoC released Q2 China monetary policy implementation report, which proposed to increase the intensity of macroeconomic policy regulation, take multiple measures to promote comprehensive financing for enterprises and steady decrease in residents' credit costs, adjust and optimize real estate policies in a timely manner to promote the stable and healthy development of the real estate market, further promote the high-quality development of NEV industry and accelerate the construction of a strong automobile country.

 

International Relationship

*MoC: Welcome to visit China by Commerce Secretary Raymond Do, and both parties are maintaining close communication on their visit arrangements.

 

Industrial Economy

*MIIT: Re-cultivate the 800MHz frequency band spectrum resources used by the existing network for 2G/3G/4G systems for 5G public mobile communication systems, which in order to thoroughly implement the major decisions of the 20th National Congress of the CPC on improving people's quality of life, further enhance the coverage quality of 5G to townships, rural areas and remote areas, and increase support for high-quality development of 5G for radio spectrum resources.

*MoC: A comprehensive assessment is being conducted on the impact of the US foreign investment review executive order as previously US President Biden signed an executive order to establish a foreign investment review mechanism to restrict US entities from investing in Chinese semiconductor and microelectronics, quantum information technology, and artificial intelligence fields.

*MoC: Received approval applications from some companies for the export of gallium and germanium-related items one after another, and is currently being reviewed in accordance with laws and regulations.

*National Forest and Grass Agency issued the "Three-Year Action Plan for the Revitalization of Forest and Grass Seedlings 2023-2025", which proposed to comprehensively strengthen the protection of germplasm resources, and comprehensively improve grass production capacity.

*The Central Committee of the CPC held a meeting on August 17th to study and deploy flood control, flood relief, and post-disaster recovery and reconstruction work.

 

Financials

*Jiangsu Province recently approved the implementation of "Several Measures to Encourage and Support Foreign Investment in the Establishment and Development of R&D Centers", with 22 measures in five aspects, encouraging foreign investment to establish a R&D center in combination with the direction of Jiangsu's industrial development, promoting original innovation, integrated innovation, open innovation and encouraging foreign investment to integrate into the local innovation system.

Aug 17 Block Trade Info

*Discount

- Will (603501 CH) saw 1 block trades worth 360.59mn at 80.13yuan per share, 8.94pct discount from last closing.

- Anjoy Foods (603345 CH) saw 1 block trades worth 134.50mn at 134.50yuan per share, 4.07pct discount from last closing.

- Zijin Mining (601899 CH) saw 1 block trades worth 304.25mn at 12.17yuan per share, 0.98pct discount from last closing.

- Jinbei Auto (600609 CH) saw 5 block trades worth 308.13mn at 4.70yuan per share, 3.89pct discount from last closing.

- Gcl Energy Tech (002015 CH) saw 4 block trades worth 291.90mn at 10.92yuan per share, 11.72pct discount from last closing.

- Yunnan Baiyao (000538 CH) saw 16 block trades worth 210.19mn at 51.39yuan per share, 3.53pct discount from last closing.

 

*Premium

- Nanjing Securities (601990 CH) saw 1 block trades worth 116.06mn at 9.91yuan per share, 10.23pct premium from last closing.

 

*Flat

- Supcon Tech (688777 CH) saw 39 block trades worth 512.78mn at 51.90yuan per share, flat from last closing.

- Sinobioway Biomedicine (002581 CH) saw 1 block trades worth 105.96mn at 18.30yuan per share, flat from last closing.

 

*Margin Trade (SZ Margin Trade balance not released)

 

*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 mostly. September NYMEX crude oil contract up 0.86% to closed at $80.06/b, October Brent contract up 0.41% to closed at $83.79/b. INE crude oil active contract down 0.08% to 639.0 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.49% to closed at $1918.9/oz. SHFE gold active contract down 0.30% and closed at 455.42 yuan/gram.

* Metals closed up mostly, LME nickel up 2.56%, LME tin up 0.93%, LME copper up 0.82%. SHFE nickel up 1.88%, SHFE tin up 0.83%, bonded copper up 0.65%.

* Commodity futures closed up collectively. Chemistry and energy products saw strong performance, EB up 4.52%, Methanol up 3.72%, soda ash up 2.44%, PP up 2.37%. Black series closed up collectively, iron ore up 2.87%, coke up 2.3%, coking coal up 2.07%. Agricultural products closed up mostly, No.2 soybeans up 2.7%, rapeseed oil up 2.46%, No.1 soybeans up 2.36%.

 

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