DZ20240125

 

Policy

*PBoC: The deposit reserve ratio will be reduced by 0.5 percentage points on February 5th, providing long-term liquidity to the market of about cny 1 trillion. On January 25th, the interest rate for small-scale re-lending and re-discounting for supporting agriculture will be lowered by 0.25 percentage points, and the comprehensive social financing cost will continue to be steadily reduced.

 

Industrial Economy

*PBoC and the Financial Supervision Administration jointly introduced policies to improve operational property loans, expand the scope of fund use, improve the liquidity situation of real estate enterprises and supporting high-quality real estate companies to revitalize existing assets.

*Guizhou Province: Continue to promote high-quality development of the liquor industry, which planned to increase the added value of the liquor industry by about 10% by 2024.

*Guangdong Province released its main work plan for 2024, which pointed out to forward-looking layout industries with both disruptive functions and broad market demand like 6G, AI, low-altitude economy, quantum technology, life sciences and other fields.

 

Financial

*PBoC publicly solicited opinions on the “Announcement on Further Supporting Overseas Institutional Investors to Carry out Bond Market Bond Repurchase Business”.

 

International Relationship

*Chairman Xi Jinping and Uzbekistan President Miljiyoyev announced that China and Uzbekistan have decided to develop a comprehensive strategic partnership in the new era.

 

Jan 24 Block Trade Info

*Discount

- Ingenic Semiconductor (300223 CH) saw 2 block trades worth 101.78mn at 50.89yuan per share, 2.00pct discount from last closing.

- Hongbo (002229 CH) saw 1 block trades worth 124.32mn at 20.93yuan per share, 4.30pct discount from last closing.

 

*Flat

- CATL (300750 CH) saw 2 block trades worth 340.73mn at 153.48yuan per share, flat from last closing.

- Zhongji Innolight (300308 CH) saw 1 block trades worth 204.66mn at 113.70yuan per share, flat from last closing.

 

*Margin Trade （SZ Margin Trade 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. March NYMEX crude oil contract up 1.33% to closed at $75.36/b, March Brent contract up 1.02% to closed at $80.36/b. INE crude oil active contract up 1.04% to 572.9 yuan/b.

* Precious metals closed mixed, COMEX gold active contract down 0.56% and closed at $2014.4/oz. SHFE gold active contract down 0.30% and closed at 476.96 yuan/gram.

* Metals closed up mostly, LME zinc up 2.66%, LME nickel up 2.23%, LME copper up 1.93%, LME tin up 1.19%. Bonded copper up 1.44%, SHFE zinc up 1.18%, SHFE copper up 1.13%, SHFE lead down 1.05% on the contrast.

* Commodity futures closed up collectively, chemistry and energy products closed up collectively, glass up 1.59%, LPG up 1.57%, low sulfur fuel oil up 1%. Black series closed up collectively, iron ore up 2.26%, hot rolled coils up 1.06%, coke and coking coal up nearly 1%. Agricultural products closed up mostly.

 

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