DZ20231026

 

Industrial Economy

*The State Administration for Financial Regulation issued the “Notice on Promoting the Development of Exclusive Commercial Pension Insurance”, which clarifies relevant business requirements and further expands the scope of institutions operating exclusive commercial pension insurance business.

*NDRC and National Energy Administration jointly issued guidance on strengthening the stability of the power system under new circumstances, which proposed to promote scientific allocation of energy storage according to local conditions, improve the output characteristics of new energy, support high-proportion new energy transmission. Promote the construction of qualified pumped storage power stations in an orderly manner, explore the application of technology for conventional hydropower conversion to pumped storage and hybrid pumped storage power stations, improve the autonomous and controllable level of power industrial control chips, basic software, key materials and components.

*Shenzhen issued a notice on matters related to the withdrawal of rental housing provident fund in the city, which proposed to improve the standard for withdrawing housing provident fund for non-housing employees, and increase support for withdrawing housing for multi-child family employees.

*Ministry of Water Resources stated to improve the construction of water conservancy infrastructure in the Q4 and strive to start another batch of major water conservancy projects. Jan-Sep 24900 new water conservancy projects under construction nationwide,increased by 12.9% y/y, the total investment scale is cny 1.15 trillion, increased by 8.9% y/y.

 

International Relationship

*Chairman Xi Jinping met with California Governor Gavin Newsom at the Great Hall of the People on the afternoon of October 25th.

 

Financials

*Hong Kong Securities and Futures Association recommended to further reduce or even abolish the stamp duty on Hong Kong stocks, the stamp duty tax rate has been lowered from 0.13% to 0.1%, with the goal of completing the legislative process by the end of November.

 

Oct 25 Block Trade Info

*Discount

- Hydsoft Tech (301316 CH) saw 15 block trades worth 49.34mn at 23.00/23.10yuan per share, 14.22/14.59pct discount from last closing.

 

*Flat

- Nyocor (600821 CH) saw 2 block trades worth 96.37mn at 6.61yuan per share, flat from last closing.

- CATL (300750 CH) saw 2 block trades worth 58.56mn at 175.98yuan per share, flat from last closing.

- Luxshare (002475 CH) saw 1 block trades worth 31.16mn at 31.16yuan per share, flat from last closing.

- Oriental Yuhong (002271 CH) saw 1 block trades worth 37.07mn at 24.71yuan per share, flat from last closing.

- S.F. Holding (002352 CH) saw 1 block trades worth 36.42mn at 39.50yuan per share, flat from last closing.

 

*Premium

- Zangge Mining (000408 CH) saw 1 block trades worth 90.01mn at 22.49yuan per share, 3.59pct premium from last closing.

 

*Margin Trade

 

*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. December NYMEX crude oil contract up 1.85% to closed at $85.29/b, December Brent contract up 2.09% to closed at $88.98/b. INE crude oil active contract up 1.70% to 677.3 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 0.26% and closed at $1991.2/oz. SHFE gold active contract up 0.65% and closed at 476.86 yuan/gram.

* Metals closed mixed, LME zinc up 1.49%, LME aluminum up 0.96%, LME lead down 1.4%, LME copper down 0.83%. SHFE zinc up 0.4%, bonded copper down 0.37%.

* Commodity futures closed mixed. Chemistry and energy products closed up mostly, butadiene rubber up 1.75%, soda ash down 1.53%, fuel oil down 1.31%. Black series closed mixed. Agricultural products closed down mostly, rapeseed meal down 2.02%, corn starch down 1.15%, corn down 1.11%.

 

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