DZ20230823

 

Policy

*MoF, SAT and CSRC jointly issued announcement on continuing to implement relevant tax policies in the pilot phase of domestic issuance of depositary receipts by innovative enterprises, which pointed out that for the transfer of innovative enterprise CDRS shall pay the stamp tax on securities transactions at the rate of 1‰, for individual investors who transfer the price difference obtained from innovative enterprise CDR, personal income tax will be temporarily exempted, and continue to implement individual income tax policies on equity incentives for listed companies.

 

International Relationship

*U.S. Department of Commerce Minister Gina Raymond Do will visit China from August 27th to 30th.

 

Industrial Economy

*NDRC and ten other departments jointly issued notice on the implementation plan of the "Green Low-Carbon Advanced Technology Demonstration Project", which proposed to further strengthen the international competitive advantages of green low-carbon technology and industry by 2030. Include eligible green and low-carbon advanced technology demonstration project infrastructure construction projects into local governments special bond support range.

*MIIT and other four departments jointly issued the “Implementation Plan for the New Industry Standardization Navigation Project (2023-2035)”, aiming to gradually improve the standard system supporting the development of emerging industries and accelerate the formation of standards that lead future industrial innovation and development by 2025. The plan focuses on the standardization work of emerging industries and future industries, forming a new key area of industry standardization with a total value of “8+9”.

*The Civil Aviation Administration of China held talks with a European Union civil aviation delegation, which agreed to further strengthen communication and exchange on issues such as green development of civil aviation, basic aviation services, and overall economic and safety supervision that are of interest to both parties, and jointly promote China-Europe civil aviation cooperation to a new level.

*Ministry of Agriculture and Rural, Standardization Administration and Ministry of Housing and Urban-Rural Development jointly issued the "Action Plan for Standardization of Rural Revitalization", whichproposed that by 2025, the standard system for high-quality agricultural development will be basically established.

 

Aug 22 Block Trade Info

*Discount

- Sanxing Medical Electric (601567 CH) saw 1 block trades worth 115.43mn at 13.58yuan per share, 11.18pct discount from last closing.

 

*Flat

- Shaanxi Coal Industry (601225 CH) saw 1 block trades worth 137.48mn at 16.20yuan per share, flat from last closing.

- Longi Green Energy Tech (601012 CH) saw 2 block trades worth 700.26mn at 25.84yuan per share, flat from last closing.

- Luxshare Precision Industry (002475 CH) saw 1 block trades worth 148.09mn at 31.71yuan per share, flat from last closing.

- Glodon (002410 CH) saw 1 block trades worth 215.34mn at 26.52yuan per share, flat from last closing.

- Oriental Yuhong (002271 CH) saw 1 block trades worth 212.60mn at 28.73yuan 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 down collectively. September NYMEX crude oil contract down 0.59% to closed at $79.65/b, October Brent contract down 0.64% to closed at $83.92/b. INE crude oil active contract down 1.70% to 635.1 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.18% to closed at $1926.4/oz. SHFE gold active contract up 0.14% and closed at 456.78 yuan/gram.

* Metals closed up collectively, LME nickel up 2.39%, LME tin up 1.86%, LME aluminum up 1.73%, LME copper up 1.05%. Bonded copper up 0.81%, SHFE copper up 0.71%, SHFE nickel up 0.71%.

* Commodity futures closed mixed. Chemistry and energy products closed up mostly, wood pulp up 1.83%, PVC up 1.65%, MEG up 1.02%, LPG down 2.31%. Black series closed up collectively, coking coal up 3.32%, iron ore up 2.86%, coke up 2.43%. Agricultural products closed down mostly, rapeseed meal down 2.17%, sugar down 1.26%, soybean meal down 1.11%.

 

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