DZ20230925

 

Xi’s Emphasis

*Chairman Xi Jinping recently made important instructions on promoting new industrialization, whom emphasized to actively adapt to and lead a new round of technological revolution and industrial transformation, put the requirements for high-quality development throughout the entire process of new industrialization, organically combine building a manufacturing power with developing digital economy and industrial informatization, and build a strong material technology foundation for Chinese-style modernization.

*Chairman Xi Jinping specially extended festive congratulations and sincere greetings to the majority of farmers and comrades working on the “agriculture, rural areas and farmers” front line across the country during the sixth Chinese Peasant Harvest Festival, whom emphasized to anchor the goal of building a strong agricultural country, comprehensively consolidate the foundation of food security. Solidly promote rural revitalization, take multiple measures to promote farmers' income increase, deeply implement rural construction actions, improve the level of rural governance, and build livable, business-friendly and beautiful villages.

 

International Relationship

*President Barack Assad of the Syrian Arab Republic came to China from September 21st to 26th to attend the opening ceremony of the 19th Asian Games. The heads of state of the two countries held a cordial and friendly meeting, exchanged in-depth views on the bilateral relationship between China and Syria and international and regional issues of common concern, and established strategic partnerships between the two countries.

 

Industrial Economy

*PBoC and CBIRC jointly released a list of systemically important banks in China 2023, identifying 20 domestic systemically important banks, including 6 state-owned commercial banks, 9 joint-stock commercial banks, and 5 urban commercial banks, which aims to enhance their ability to resist risks and absorb losses, promote stable operation and healthy development of systemically important banks, continuously consolidate the foundation of financial system stability, and better support the development of the real economy.

*Chinese Audiovisual and Digital Publishing Association held a review meeting for the two group standards of “Internet Game Classification” and “basic requirements for game distribution and promotion” in Beijing, which aims to help the industry build a clear game classification system, clarify the regulatory requirements for game distribution and promotion, and promote the healthy development of the gaming industry while improving product quality.

 

Financials

*China and the USA agreed to establish an economic working group, including the “economic working group” and the “financial working group”. The two working groups will hold regular and irregular meetings to strengthen communication and exchanges on economic and financial related issues.

*Special refinancing bonds may be restarted in the second half of the year and can be used to replace hidden debts in order to mitigate debt risks. The special refinancing bond amount will exceed one trillion yuan and tilt towards 12 high-risk provinces, according to the insiders.

 

Sept 22 Block Trade Info

*Discount

- Will (603501 CH) saw 1 block trades worth 61.30mn at 83.72yuan per share, 12.96pct discount from last closing.

- S.F. Holding (002352 CH) saw 1 block trades worth 542.10mn at 36.14yuan per share, 11.98pct discount from last closing.

- Easyhome New Retail (000785 CH) saw 1 block trades worth 183.00mn at 3.66yuan per share, 1.35pct discount from last closing.

- Yunnan Baiyao (000538 CH) saw 19 block trades worth 223.38mn at 51.00yuan per share, 3.99pct discount from last closing.

 

*Premium

- Orient Zirconic Ind (002167 CH) saw 1 block trades worth 112.0mn at 6.85yuan per share, 1.48pct premium from last closing.

 

*Flat

- CATL (300750 CH) saw 7 block trades worth 427.77mn at 210.93yuan per share, flat from last closing.

- Cnnc Hua Yuan Titanium Dioxide (002145 CH) saw 1 block trades worth 137.45mn at 4.62yuan 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 mostly. November NYMEX crude oil contract up 0.78% to closed at $90.33/b, December Brent contract up 0.18% to closed at $92.43/b. INE crude oil active contract down 1.41% to 686.7 yuan/b.

* Precious metals closed up collectively. COMEX gold active contract up 0.27% and closed at $1944.9/oz. SHFE gold active contract up 0.04% and closed at 470.32 yuan/gram.

* Metals closed up collectively, LME tin up 3.05%, LME aluminum up 1.76%, LME zinc up 1.67%, LME nickel up 1.53%. SHFE tin up 2.81%, SHFE zinc up 0.74%, SHFE aluminum up 0.59%.

* Commodity futures closed mixed. Chemistry and energy products closed down mostly, low sulfur fuel oil down 1.11%, methanol down nearly 1%, EB up nearly 1%. Black series closed mixed, iron ore up nearly 1%, coking coal down nearly 1%. Agricultural products closed up mostly, rapeseed meal up 1.51%, No.2 soybean up 1.49%, rapeseed oil up 1.35%.

 

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