DZ20231016

 

Data

*China September social financing scale increased by cny 4.12 trillion, estimated to be cny 3.7 trillion, and the previous value was cny 3.12 trilliom. M2 increased by 10.3% y/y, estimated to be 10.6% y/y, and the previous value was 10.6% y/y. New RMB loans were cny 2.31 trillion, down from the previous value of cny 1.36 trillion.

 

Financials

*SZSE: The Shenzhen 50 Index (referred to as SZSE 50, code 399850) will be released on October 18th, which aims at further enriching the investment targets of high-quality enterprises, guiding resource elements to flow to leading enterprises in key national areas, and introducing capital flow into the real economy.

*State Council Premier Li Qiang presided over a symposium of economic experts and entrepreneurs on the October 13th to listen to opinions and suggestions from experts and entrepreneurs on the current economic situation and next economic work.

*SSE and SZSZ issued a circular to optimize the arrangement of margin trading and refinancing securities lending transactions, and the margin ratio should not be less than 80% when investors sell securities.

*PBoC: Products with relatively high interest rates such as agreement deposits can be studied to further strengthen self-discipline norms, and there is still sufficient space and reserves for monetary policy to cope with unexpected changes, stated by Zou Lan, director of PBoC Monetary Policy Department.

 

Industrial Economy

*The National Organizational Drug Joint Procurement Office announced to carry out the ninth batch of national organization drug centralized procurement work, which will cover 42 types of drugs, and the bid will be opened in Shanghai on November 6th.

*State Administration for Market Regulation published the “Measures for the Administration of Drug Operation and Use Quality Supervision”, which will be effective from January 1st, 2024.

 

*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 5.8% to closed at $87.72/b, December Brent contract up 5.79% to closed at $90.98/b. INE crude oil active contract up 5.16% to 686.8 yuan/b.

* Precious metals closed up collectively. COMEX gold active contract up 3.34% and closed at $1945.9/oz. SHFE gold active contract up 2.42% and closed at 464.72 yuan/gram.

* Metals closed down mostly, LME nickel down 0.79%, LME copper down 0.66%, LME aluminum down 0.45%. LME tin up 1.58% on the contrast. SHFE lead down 0.58%, bonded copper down 0.43%, SHFE tin up 1.30%.

* Commodity futures closed up mostly. Chemistry and energy products closed up collectively, low sulfur fuel oil up 2.69%, fuel oil up 2.29%, LPG up 1.18%. Black series closed mixed. Agricultural products closed up mostly, RBD palm olein up 1.67%.

 

Download PDF

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.