DZ20230907

 

International Relationship

*Premier Li Qiang of the State Council attended the 26th Asean and China, Japan and South Korea Leaders' Meeting in Jakarta, Indonesia. The meeting passed the “Joint Statement of 10+3 Leaders on the Development of Electric Vehicle Ecosystems”.

 

Policy

*The Central Committee of the CPC and the State Council published the “Opinions on Further Strengthening the Safety Production of Mines”, requiring strong law enforcement and guarantee construction. Promote the revision of the mine safety law, formulate regulations on coal mine safety production, and strengthen the construction of standardized mine safety.

 

Financials

*The Hong Kong Promotion Index for Market Liquidity held its first meeting on the afternoon of September 6th to conduct a comprehensive review of the liquidity in the Hong Kong stock market. The task force may consider suggestions such as relaxing the listing threshold, discuss market transaction volume and attract IPO go to Hong Kong and cut stock trading stamp duty.

 

Industrial Economy

*The Shanghai Manufacturing Industry Digital Transformation on-site exchange meeting and digital diagnosis launch meeting were held in Shanghai Chemical Industry Zone, which pointed out to accelerate the deep integration of digital economy and real economy. By 2025, the scale of industrialinternet core industries will reach 200 billion yuan.

*MoF issued that from January 1st, 2023 to December 31st, 2027, advanced manufacturing enterprises are allowed to deduct a 5% offset against the additional charge based on the deductible input tax for the current period.

*MIIT publicly solicited opinions on “Several Provisions on the Production and Management of Civil Driverless Aircraft”, which pointed out that civilian unmanned aerial vehicle manufacturers should strengthen data management in the production process.

 

Data

*CPCAAUTO: The August retail sales of the passenger car market reached 1.902 mio units, up 2% y/y and up 7% m/m. The retail sales of NEV in the market reached 698k units, up 32% y/y and up 9% m/m.

 

Co Focus

*Xiaomi Automobile has been in trial production for nearly a month, with 50 prototypes per week,according to the insiders reveal.

 

Sept 6 Block Trade Info

*Discount

- Hwatsing Tech (688120 CH) saw 7 block trades worth 54.14mn at 200.50yuan per share, 6.02pct discount from last closing.

- Empyrean Tech (301269 CH) saw 4 block trades worth 193.23mn at 113.23yuan per share, 0.70pct discount from last closing.

- Yunnan Baiyao (000538 CH) saw 10 block trades worth 97.32mn at 52.32yuan per share, 3.25pct discount 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 collectively. October NYMEX crude oil contract up 1.03% to closed at $87.58/b, November Brent contract up 0.69% to closed at $90.66/b. INE crude oil active contract up 0.99% to 695.2 yuan/b.

* Precious metals closed down collectively. COMEX gold active contract down 0.55% to closed at $1941.8/oz. SHFE gold active contract down 0.03% and closed at 464.06 yuan/gram.

* Metals closed down mostly, LME nickel down 2.4%, LME copper down 1.48%, LME tin down 1.02%. SHFE nickel down 1.59%, bonded copper down 0.92%, SHFE copper down 0.65%, SHFE lead up 0.90% on the contrast.

* Commodity futures closed mixed. Chemistry and energy sector saw mixed performance, EB up 2.71%, soda ash down 2.34%, wood pulp down 1.92%. Black series closed down mostly. Agricultural products closed down mostly, RBD palm olein down 0.85%, rapeseed oil down 0.74%.

 

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