DZ20230915

 

Policy

*PBoC decided to reduce the deposit reserve ratio for financial institutions by 0.25 percentage points on September 15, 2023 to consolidate the foundation for economic recovery and maintain reasonable and sufficient liquidity. After this reduction, the weighted average deposit reserve ratio of financial institutions is about 7.4%.

 

Financials

*MoC will continue to promote and implement policies, especially in response to market and corporate concerns, will further improve policy toolbox, such as introducing special policies to improve the development level of processing trade, and introducing relevant policies to promote service trade and digital trade development.

*Ministry of Natural Resources issued notice on adhering to the principle of using more urban and rural spatial resources for people's livelihood needs and the development of the real economy.

 

Industrial Economy

*The National Organization's Joint Procurement Office for High-value Medical Consumables announced that it will conduct centralized procurement of medical consumables for artificial crystals and sports medicine organized by the state. The products purchased in large quantities this time are artificial crystals and sports medical consumables.

*Ministry of Transport released the “Opinions on Accelerating the Establishment and Improvement of Modern Highway Engineering Standard System”, which required deepening the design and construction of advanced intelligent and standardized modern engineering, increasing the application of high-performance materials, modern equipment, and construction technology for engineering. Increase the integration of new generation communication information technology such as Beidou and modern highway engineering technology.

*The Industry Department of the NDRC recently held a special symposium on mining construction, to accelerate the development and construction of domestic mining projects and enhance the ability to ensure the supply of mineral resources.

 

Co Focus

*HUAWEI: The shipment volume of HUAWEI Mate60 Pro and Mate60 Pro nearly has been raised to 20 million units, according to industry chain personnel.

 

Sept 14 Block Trade Info

*Discount

- United Imaging Healthcare (688271 CH) saw 4 block trades worth 59.55mn at 97.85/102.02yuan per share, 2/6pct discount from last closing.

- Sanyou Medical (688085 CH) saw 2 block trades worth 31.00mn at 16.96yuan per share, 18.66pct discount from last closing.

- Cathay Biotech (688065 CH) saw 5 block trades worth 43.88mn at 54.45yuan per share, 3.01pct discount from last closing.

- NYOCOR (600821 CH) saw 2 block trades worth 99.87mn at 6.68yuan per share, 1.91pct discount from last closing.

- Moutai (600519 CH) saw 1 block trades worth 74.13mn at 1765.00yuan per share, 2.95pct discount from last closing.

- Yunnan Baiyao (000538 CH) saw 5 block trades worth 30.14mn at 50.98yuan per share, 4.51pct discount from last closing.

 

*Flat

- Acm Research (688082 CH) saw 3 block trades worth 64.68mn at 107.80yuan per share, flat from last closing.

- Guyuelongshan Shaoxing Wine (600059 CH) saw 1 block trades worth 76.38mn at 10.23yuan 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 up collectively. October NYMEX crude oil contract up 2.45% to closed at $90.69/b, November Brent contract up 2.41% to closed at $94.09/b. INE crude oil active contract up 3.12% to 739.6 yuan/b.

* Precious metals closed mixed. COMEX gold active contract remained constant and closed at $1932.5/oz. SHFE gold active contract up 1.46% and closed at 476.72 yuan/gram.

* Metals closed up collectively, LME zinc up 1.35%, LME lead up 1.26%, LME nickel up 0.8%. SHFE nickel up 1.12%, SHFE tin up 0.86%, SHFE zinc up 0.78%.

* Commodity futures closed up collectively. Chemistry and energy products closed up mostly, low sulfur fuel oil up 2.52%, methanol up 1.93%, PTA up 1.83%, EB down 1.39% on the contrast. Black series closed up collectively, coking coal up 2.08%, iron ore up 1.51%, steel rebar up 1.09%. Agricultural products closed up collectively, rapeseed oil up 2.04%, soybean oil up 1.36%, No.2 soybeans up 1.29%.

 

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