DZ20240108

 

Financial

*The PBoC work conference was held in Beijing from January 4th to 5th, which emphasized to steadily promote the prevention and resolution of financial risks in key areas, continuously deepen financial reform, implement the action plan to increase efforts to support financing for technology-based enterprises, implement precise policies based on the city to implement differentiated housing credit policies and meet the reasonable financing needs of various real estate enterprises.

*The State Council issued the “Opinions on Further Improving the Budget System for State-owned Capital Operation”, expanding the coverage of state-owned capital operating budgets, improving the mechanism for transferring profits from wholly state-owned enterprises.

*SAFE: Resolutely correct the pro-cyclical and unilateral behaviors, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, improve the level of cross-border trade and investment facilitation for technology innovation and small and medium-sized enterprises.

 

Industrial Economy

*The State Council Premier Li Qiang presided over the executive meeting on January 5th, which proposed to study policies and measures to develop the silver economy and enhance the well-being of the elderly.

*Ministry of Education: Take the “double reduction” work as the top priority and unswervingly promote, pay more attention to improve the quality and efficiency of the school, improve after-school service level, promote the high-quality and balanced development of compulsory education.

*Shenzhen released and publicly solicited the “Implementation Opinions on Actively Promoting the Transformation of Urban and Villages to Realize High-Quality Development”.

 

Jan 5 Block Trade Info

*Discount

- Giant Network Group (002558 CH) saw 3 block trades worth 89.43mn at 11.15yuan per share, 1.06pct discount from last closing.

 

*Flat

- Moutai (600519 CH) saw 4 block trades worth 1.9bn at 1663.36yuan per share, flat from last closing.

- Zijin Mining (601899 CH) saw 3 block trades worth 1.32bn at 12.47yuan per share, flat from last closing.

 

*Margin Trade （SZ Margin Trade Not Released）

 

*Connection Trade

 

*Index Futures

 

*Index Options

 

*Treasury Futures

 

* Commodities (night session):

* Global crude oil price closed up collectively. February NYMEX crude oil contract up 2.44% to closed at $73.81/b, March Brent contract up 1.51% to closed at $78.76/b. INE crude oil active contract up 1.46% to 561.2 yuan/b.

* Precious metals closed up slightly, COMEX gold active contract up 0.13 and closed at $2052.70/oz. SHFE gold active contract up 0.05%.

* Metals closed up mostly, LME nickel up 1.92%, LME lead up 1.66%, LME zinc up 0.94%, LME tin down 0.85% on the contrast. Aluminum oxide up 1.68%, SHFE tin up 1.27%, SHFE lead up 0.81%.

* Commodity futures closed mixed, chemistry and energy products performed mixed, MEG up 2.51%, polyester fiber, PX and wood pulp up over 1%.TSR 20 down over 3%, natural rubber down over 2%. Black series closed down collectively, coking coal down 2.16%, coke down 2.04%. Agricultural products closed mixed, soda ash, soybean meal and rapeseed meal down over 1%, RBD palm olein up nearly 1%.

 

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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.