DZ20230908

 

Policy

*Xi Jinping, the chairman of the Central Military Commission, recently signed an order to release the “Measures for the Implementation of the People's Republic of China Population and Family Planning Law by the Army”, which will be implemented from September 10th, 2023.

*Shanghai issued the “Notice on Policies Related to Supporting Urban Renewal of Housing Provident Fund in this City”, which pointed out to implement housing provident fund support policies for the old housing renewal and renovation projects included in the urban renewal scope of this city. And issued “Notice on Adjusting the Long-Term Loan for Purchase Stocked Housing with Housing Provident Fund in this City”, which will be implemented from October 7th.

 

Industrial Economy

*The output value of China nuclear technology application has approached cny 700 bn by the end of 2022, with an average annual growth rate of more than 15%. Among them, the proportion of industrial application output value exceeds 50% and the proportion of medical nuclear technology output value is about 20%. The application of nuclear technology in China has great development space, and it is expected to reach a market scale of trillions of yuan by 2025.

*Shandong Province has increased its efforts in centralized procurement of traditional Chinese medicine with quantity, and launched a centralized procurement of 200 varieties of traditional Chinese medicine formula granules this year.

*The Price Department of the NDRC and the Futures Department of CSRC organized some futures companies to hold meetings to analyze the iron ore market and price situation, and remind enterprises to comprehensively and objectively analyze the market situation.

*Shanghai Municipal Commission of Commerce together with relevant departments formulated and issued “Several Measures to Engage in Car Circulation and Expand Car Update Consumption in Shanghai”, further facilitating the circulation of cars in this city and expanding car update consumption.

 

Data

*State Administration of Taxation: From January to July, the national policy of tax reduction and fee reduction as well as tax refund and fee deferral has reached cny 1.05 trillion.

 

Sept 7 Block Trade Info

*Discount

- Empyrean Tech (301269 CH) saw 2 block trades worth 43.20mn at 108.00yuan per share, 0.56pct discount from last closing.

 

*Flat

- Hengyi Petrochemical (000703 CH) saw 1 block trades worth 90.00mn at 7.63yuan per share, flat from last closing.

- Midea (000333 CH) saw 4 block trades worth 35.85mn at 56.57yuan per share, flat from last closing.

 

*Margin Trade

 

*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 mostly. October NYMEX crude oil contract down 0.88% to closed at $86.77/b, November Brent contract down 0.88% to closed at $89.80/b. INE crude oil active contract up 0.49% to 693.3 yuan/b.

* Precious metals closed mixed. COMEX gold active contract down 0.01% to closed at $1944/oz. SHFE gold active contract up 0.22% and closed at 465.10 yuan/gram.

* Metals closed mixed, LME zinc up 1.08%, LME tin down 1.03%, LME copper down 0.79%, LME nickel down 0.69%. SHFE lead up 0.83%, SHFE zinc up 0.82%, SHFE nickel down 0.90%.

* Commodity futures closed down collectively. Chemistry and energy sector saw weak performance, methanol down 2.19%, butadiene rubber down 2.15%, PP down 1.19%. Black series closed down collectively, iron ore down 1.78%, coking coal down 1.61%. Agricultural products performed weak, No.2 soybeans down 2.79%, rapeseed oil down 2.38%, rapeseed meal down 2.08%.

 

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