DZ20230904

 

Xi’s emphasis

*Chairman Xi Jinping delivered a video speech to the 2023 China International Conference on Trade in Services and Trade Summit on Global Services on September 2nd, whom emphasized that China will provide more and better Chinese services to the world with high-quality development, and is ready to work with all other countries to push the world economy onto the track of sustained recovery.

 

Policy

*CSRC formulated and released “Opinions on High-quality Construction Beijing Stock Exchange”, further promoting stable development and reform innovation of Beijing Stock Exchange, accelerating the construction of a main position system for serving innovative small and medium-sized enterprises, effectively improving the structure of newly added listed companies, optimizing the issuance and listing system arrangement, support various types of overseas funds such as QFII and RQFII to increase their investment in Beijing Stock Exchange.

*CSRC guided Shanghai, Shenzhen, and Beijing Stock Exchanges to formulate and issue "Notice on Relevant Matters Related to Stock Processing Trading Report" and "Notice on Strengthening Matters Related to Processing Trading Management", which is an initiative for CSRC to comply with market calls and deepen institutional innovation in key areas. This marks the official establishment of a procedural trading reporting system and corresponding regulatory arrangements in China's stock market, Strengthen differentiated regulatory arrangements for high-frequency trading.

 

Financials

*PBoC and Administration for Financial Regulation jointly issued the “Notice on Financial Support for Flood Prevention, Flood Relief, Post-disaster Recovery and Reconstruction”, which proposed toincrease credit investment in key areas, actively play the role of insurance risk diversification, expand sources of funds for post-disaster reconstruction through multiple channels, and comprehensively enhance financial security functions in disaster areas.

 

Industrial Economy

*MIIT and other seven departments jointly issued the “Work Plan for Stabilizing Growth in the Machinery Industry (2023-2024)”, which pointed out to cultivate a group of competitive small and medium-sized enterprise characteristic clusters and about 10 industrial clusters with international competitiveness of about 100 billion, focus on expanding effective investment and the demand for industrial machinery, instruments and apparatus, pharmaceutical equipment and industrial robots, support the expansion of NEV consumption, strive to achieve an annual automobile sales volume of about 27 mio units, up 3% y/y, with the sales volume of NEV about 9 mio units, up 30% y/y, and encourage localities to accelerate the construction of hydrogen energy infrastructure.

*MIIT will prepare and release the green development route of the automotive industry, accelerate the research and industrialization of new generation power batteries and autonomous driving systems, research and formulate the “Management Measures for the Recycling and Recovery of Power Battery for New Energy Automobiles”, expand the battery cascade recycling system, and establish a sound battery charging and swapping system.

*Shanghai officially announced the implementation of the policy measures to purchase first-home loan for “recognizing the house without recognizing the loan”, starting from September 2nd.

Sept 1 Block Trade Info

*Discount

- Moutai (600519 CH) saw 2 block trades worth 151.76mn at 1780.00yuan per share, 3.84pct discount from last closing.

- Longsys Electronics (301308 CH) saw 3 block trades worth 109.76mn at 78.40yuan per share, 2.00pct discount from last closing.

- Double Medical Tech (002901 CH) saw 1 block trades worth 173.33mn at 27.60yuan per share, 8.82pct discount from last closing.

 

*Flat

- ZTE (000063 CH) saw 5 block trades worth 196.26mn at 34.86yuan per share, flat from last closing.

 

*Margin Trade (SZ Margin Trade balance not released)

 

*Connection Trade Canceled On September 1^st

 

*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. October NYMEX crude oil contract up 2.89% to closed at $86.05/b, November Brent contract up 2.49% to closed at $88.99/b. INE crude oil active contract up 3.42% to 670.9 yuan/b.

* Precious metals closed up collectively. COMEX gold active contract up 0.02% to closed at $1966.2/oz. SHFE gold active contract up 0.25% and closed at 463.00 yuan/gram.

* Metals closed up collectively, LME nickel up 3.41%, LME zinc up 2.32%, LME lead up 1.69%, LME tin up 1.45%. SHFE nickel up 4.18%, SHFE lead up 1.65%, SHFE tin up 1.62%.

* Commodity futures closed up mostly. Butadiene rubber up 12.25, coke up 5.30%, natural rubber up 4.08%, LPG and coke surged over 3%, PVC, TSR 20, iron ore, fuel oil, soda ash and low sulfur fuel oil up over 2%, glass, EB and hot-rolled coil up over 1%, corn starch and corn down over 1%.

 

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