DZ202309011

 

Xi’s Emphasis

*Chairman Xi Jinping emphasized during a recent inspection in Heilongjiang to firmly grasp our strategic positioning in the overall development of the country, seize the primary task of promoting high-quality development, implement the decision-making and deployment of Central Committee of the CPC on promoting comprehensive revitalization in Northeast China,

 

Industrial Economy

*MIIT and other five departments jointly issued the “Three-Year Action Plan for Innovative Development of Metaverse Industry (2023-2025)”, which pointed out to accelerate the layout of industrial metaverse in key industries, build new networks such as 5G-A/6G and satellite internet to meet the needs of metaverse applications, accelerate the large-scale promotion of immersive display terminals such as XR head displays and naked eyes 3D, focus on cultivating leading small and medium-sized enterprises and build an industrial innovation consortium.

*Guangdong Province released a notice on the implementation plan of Guangdong Province's strategy to expand domestic demand, which pointed out to optimize the purchase restriction policies for cars in Guangzhou and Shenzhen, strengthen the construction of urban earthquake resistance, wind resistance, flood control, fire protection and other facilities.

*Beijing issued the “Implementation Plan for Promoting Future Industrial Innovation and Development”, focusing on developing sub-sectors such as general AI, 6G, metaverse, quantum information and optoelectronics. Focusing on the development of segmented industries such as graphene materials, superconducting materials, ultra-wide band gap semiconductor materials, and new generation biomedical materials.

 

Financials

*The CSRC held a symposium with experts and scholars as well as domestic and foreign investors, which pointed out to firmly believe in preventing and resolving real estate risks, preventing and resolving local debt risks, emphasize the strict punishment of illegal and irregular behaviors such as fraudulent issuance, false disclosure, and illegal reduction of holdings in accordance with the law, study and introduce more pragmatic and effective policies and measures to effectively maintain the stable and healthy development of the capital market.

*The State Administration for Financial Regulation issued a notice on optimizing the solvency supervision standards of insurance companies, optimizing risk factors, and guiding insurance companies to serve the real economy and technological innovation.

*PBoC held a meeting of the work leading group for designated assistance in rural revitalization, which pointed out to help rural areas improve the modernization level of grassroots governance, solidly promote common prosperity, and contribute financial wisdom and strength to achieve the goal of building a strong agricultural country.

 

Data

*CPCAAUTO: In August, the retail sales of general passenger cars reached 1.938 million units, up 2.2% y/y, with the retail sales of NEV reached 716k units, up 34.5% y/y, the domestic retail penetration rate of NEV was 37.3%.

 

Sept 8 Block Trade Info

*Discount

- Genew Tech (688418 CH) saw 7 block trades worth 54.89mn at 17.73yuan per share, 24.17pct discount from last closing.

- InventisBio (688382 CH) saw 10 block trades worth 102.33mn at 11.46yuan per share, 6.22pct discount from last closing.

- Wuliangye (000858 CH) saw 1 block trades worth 112.23mn at 153.82yuan per share, 5.00pct discount from last closing.

 

*Flat

- Moutai (600519 CH) saw 4 block trades worth 346.97mn at 1818.50yuan per share, flat from last closing.

- Hailiang (002203 CH) saw 7 block trades worth 124.88mn at 11.96yuan per share, flat from last closing.

 

*Margin Trade (SZ Margin Trade balance not released)

 

*Connection Trade Suspend

 

*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 0.41% to closed at $87.23/b, November Brent contract up 0.58% to closed at $90.44/b. INE crude oil active contract up 0.39% to 697.4 yuan/b.

* Precious metals closed mixed. COMEX gold active contract up 0.01% to closed at $1942.6/oz. SHFE gold active contract up 0.36% and closed at 467.42 yuan/gram.

* Metals closed down collectively, LME tin down 2.24%, LME nickel down 2.11%, LME zinc down 1.59%, LME copper down 1.09%. SHFE tin down 1.70%, SHFE nickel down 0.77%, SHFE zinc down 0.61%.

* Commodity futures closed down mixed. Chemistry and energy sector closed up mostly, methanol up 2.7%, LPG up 2.2%, low sulfur fuel oil up 1.56%. Black series closed mixed. Agricultural products closed up mostly, RBD palm olein up 1.35%, rapeseed oil up 1.29%, soybean oil up 1.21%.

 

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