DZ20231128

 

Xi’s Emphasis

*Political Bureau of the CPC Central Committee held a meeting on November 27th to review the “Opinions on Several Policy Measures to Further Promote the High-Quality Development of the Yangtze River Economic Belt” and the “Regulations on Foreign Affairs Work of Chinese Communist Party leaders”. General Secretary of the Central Committee Xi Jinping presided over the meeting, who emphasized to take scientific and technological innovation as the main driving force, strengthen the integration of regional innovation chains and vigorously promote the modernization of industrial and supply chains.

 

Industrial Economy

*Shenzhen issued “Several Measures to Promote the High-Quality Development of New Energy Automobile and Intelligent Connected Vehicle Industry”, proposing to encourage NEV to go to rural areas and further optimize car purchase restrictions. Encourage the pilot demonstration and commercial operation of intelligent network connection, and orderly open blocks, roads, airports, ports and other areas as demonstrations and commercial application scenarios for intelligent networked vehicles.

*MIIT: Support both Chinese and British enterprises and scientific research institutions to strengthen technology and research project cooperation in areas such as intelligent connected vehicles and industrial green low-carbon.

*BANKCOMM held a symposium for 15 real estate companies on November 27th including VANKE-A, Longfor and MIDEA REAL EST, and plan to further support their financing needs and supplement liquidity.

 

Financials

*PBoC released the 23Q3 China Monetary Policy Implementation Report, which pointed out to further unblock the monetary policy transmission mechanism, enhance the stability of financial support for the real economy. Continuously deepen the market-oriented reform of interest rates, maintain good order in the deposit and loan market, and further promote financial institutions to reduce actual loan interest rates. Increase financial support for urban village renovation, “one urgent and two-use” public infrastructure construction, and the construction of affordable housing.

 

Nov 27 Block Trade Info

*Discount

- BAIC BluePark (600733 CH) saw 8 block trades, 132.42mn at 5.83/5.85yuan per share, 6.55/6.87pct discount from last closing and 94.95mn at 6.26yuan per shr, flat from last closing.

 

*Premium

- Offcn Education (002607 CH) saw 1 block trades worth 179.22mn at 4.55yuan per share, 0.22pct premium from last closing.

 

*Flat

- CATL (300750 CH) saw 1 block trades worth 69.99mn at 170.70yuan per share, flat from last closing.

- Hengyi Petrochemical (000703 CH) saw 2 block trades worth 44.08mn at 6.92yuan per share, flat 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 down slightly. January NYMEX crude oil contract down 0.69% to closed at $75.02/b, February Brent contract down 0.52% to closed at $80.06/b. INE crude oil active contract down 0.93% to 574.1 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 0.57% and closed at $2014.4/oz. SHFE gold active contract up 0.59% and closed at 471.04 yuan/gram.

* Metals closed down collectively, LME tin down 3.37%, LME lead down 1.57%, LME zinc down 1.02%. SHFE tin down 3.44%, SHFE lead down 0.95%, SHFE nickel down 0.60%.

* Commodity futures closed down collectively. Chemistry and energy products closed down mostly, EB down 1.93%, TSR 20 down 1.08%, glass down 2.76%, soda ash down 1.86%. Black series closed mixed, coking coal up 2.13%. Agricultural products closed down mostly, rapeseed meal down 2.92%, cotton down 1.45%, soybean meal down 1.43%.

 

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