DZ20230919

 

Industrial Economy

*MIIT publicly solicited opinions on the establishment plan of the metaverse standardization working group, which pointed out to accelerate the development of basic standards such as metaverse terms and reference architecture, as well as industrial application standards in fields such as industrial manufacturing and communication.

*MoF and other four departments issued an announcement regarding increasing the deduction ratio of research and development expenses for integrated circuit and industrial mother-machine enterprises, which stated that during the period from January 1, 2023 to December 31, 2027, a pre-tax deduction of 120% of the actual amount incurred. For intangible assets, they are amortized before tax at 220% of the cost of intangible assets during the above period.

*Shanghai recently issued “Action Plan for Promoting Genetherapy Technology Innovation and Industrial Development (2023-2025)”, which offered a maximum financial support of 30 million yuan.

*Ministry of Water Resources: Promote the high-quality development of the follow-up project of the South-to-North Water Diversion Project, accelerate the planning and construction of regional, provincial, municipal and county water networks.

 

Financials

*PBoC and SAFE held a symposium between foreign financial institutions and foreign-funded enterprises, listened to relevant opinions and suggestions, studied increasing financial support for stabilizing foreign trade and foreign investment, further optimized work related to foreign investment environment.

*CSRC recently proposed to modify the “Guidelines for the Supervision of Listed Companies No.3-Cash Dividends for Listed Companies”, which requires disclosure and explanation of that the dividends of listed companies on the main board have not reached a certain proportion.

 

Sept 18 Block Trade Info

*Discount

- Chongqing Rural Commercial Bank (601077 CH) saw 3 block trades worth 55.96mn at 3.56yuan per share, 10.55pct discount from last closing.

- NYOCOR (600821 CH) saw 2 block trades worth 143.30mn at 6.68yuan per share, 1.91pct discount from last closing.

- Ctj Info Tech (301153 CH) saw 41 block trades worth 278.75mn at 53.80yuan per share, 11.89pct discount from last closing.

 

*Flat

- Zijin Mining Group (601899 CH) saw 2 block trades worth 85.92mn at 13.07yuan per share, flat from last closing.

- Midea (000333 CH) saw 2 block trades worth 85.11mn at 56.1yuan 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. November NYMEX crude oil contract up 1.08% to closed at $90.99/b, November Brent contract up 0.47% to closed at $93.48/b. INE crude oil active contract up 0.20% to 699.1 yuan/b.

* Precious metals closed mixed. COMEX gold active contract up 0.46% and closed at $1955.2/oz. SHFE gold active contract down 0.38% and closed at 467.76 yuan/gram.

* Metals closed mixed, LME tin up 1.91%, LME aluminum up 1.23%, LME zinc up 0.73%, LME copper down 0.64%. SHFE aluminum up 0.81%, SHFE tin up 0.61%, bonded copper down 0.54%, SHFE cooper down 0.46%.

* Commodity futures closed up mostly. Chemistry and energy products closed up collectively, methanol up 2.09%, glass up 1.42%, PP up 1.29%. Black series closed up collectively, coking coal up 2.56%, coke up 1.66%, hot-rolled coil up 1.65%. Agricultural products closed down mostly, soybean meal down 1.36%, No.2 soybean down 1.23%.

 

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