DZ20230824

 

Financials

*A package of policies to support the development of strategic emerging industries in central enterprises will be introduced at an accelerated pace. SASAC will actively deploy the central enterprise industry renewal action and future industry sailing action, strongly support the layout and development of forward-looking strategic emerging industries in “technology reform enterprises” and “double hundred enterprises”.

*CSRC: Will play the role of Hong Kong as an international platform that supports financing for Chinese enterprises, promote the formation of a more transparent, efficient and smooth coordination mechanism for overseas listing supervision, continuously smooth overseas listing channels for mainland enterprises, and launch more representative "green light" cases, said by Li Chao, Vice Chairman of the CSRC.

 

Industrial Economy

*Suzhou Housing Provident Fund Management Center continuously optimized the policy of extracting rental housing, and on the basis of raising the withdrawal limit for rental housing in the early stage and canceling the limit linked to monthly deposit amount, a new policy of extracting rental housing has been launched recently, that housing provident fund can be extracted according to the actual rent expenditure every month, achieving the goal of “adjusting as much as possible”.

*The Ministry of Science and Technology issued the notice of the national new generation of artificial intelligence public computing power open innovation platform, and Qingdao was approved to build the national "computing power platform" focusing on the development of AI in the Marine field.

*NVIDIA plans to increase its production of H100 artificial intelligence processors by at least twice. It is expected that the shipment volume will be between 1.5 mio to 2 mio units in 2024, which is a huge increase compared to this year's expected shipment volume of 0.5 mio, according to someone familiar with the co.

 

Data

*CPCAAUTO: From August 1st to 20th, the retail sales of passenger cars reached 947k units, up 5% y/y, with the retail sales of NEV reached 351k units, up 29% y/y.

 

Aug 23 Block Trade Info

*Discount

- Lian Chuang Optpelectronic (600363 CH) saw 3 block trades worth 115.20mn at 32.00yuan per share, 0.56pct discount from last closing.

 

*Premium

- Supcon Tech (688777 CH) saw 1 block trades worth 238.32mn at 49.65yuan per share, 1.66pct premium from last closing.

 

*Flat

- China Pacific Insurance (601601 CH) saw 1 block trades worth 109.77mn at 27.32yuan 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. October NYMEX crude oil contract down 1.36% to closed at $78.56/b, October Brent contract down 1.34% to closed at $82.90/b. INE crude oil active contract down 1.43% to 628.1 yuan/b.

* Precious metals closed up collectively. COMEX gold active contract up 0.99% to closed at $1945/oz. SHFE gold active contract up 0.59% and closed at 459.70 yuan/gram.

* Metals closed up mostly, LME nickel up 2.32%, LME zinc up 1.78%, LME lead up 1.74%, LME copper up 1.09%. SHFE zinc up 1.09%, SHFE lead up 0.86%, SHFE nickel up 0.84%.

* Commodity futures closed up mostly. Chemistry and energy products performed mixed, soda ash up 2.65%, wood pulp up nearly 1%, fuel oil down 3.69%, bitumen down 1.81%. Black series closed mixed, iron ore up 1.1%. Agricultural products closed up mostly, soybean oil up 1.87%, rapeseed oil up 1.47%, RBD palm olein up 1.43%.

 

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