DZ20240126

 

Financial

*State Administration for Financial Regulation: The restrictions on the proportion of foreign shares have been lifted and can fully hold shares in banking and insurance institutions, continuously promote the digital transformation of the banking and insurance industries, attract more foreign-funded institutions and long-term capital to expand their business in China.

*The signing ceremony of the state-owned enterprise stock asset optimization and upgrading fund was held in Beijing, with a total scale of cny 40bn.

 

Industrial Economy

*State Administration for Financial Regulation: Relevant work deployment meetings will be held to provide more precise support for the reasonable financing needs of real estate, further optimize the loan interest rate and personal housing loan policies, the financial industry is duty-free and must strongly support real estate projects.

*MIIT, NDRC and other nine departments jointly issued the “Work Plan for Digital Transformation of Raw Materials Industry (2024-2026)”, proposing that by 2026, China’s digital transformation of raw materials industry will make important progress.

 

International Relationship

*Ministry of National Defense: The Chinese and US military are in communication and coordination on the meeting of the Maritime Military Security Consultative Mechanism.

 

Jan 25 Block Trade Info

*Discount

- Biokin Pharma (688506 CH) saw 6 block trades worth 140.12mn at 42.50yuan per share, 19.05pct discount from last closing.

- Rongda Photosensitive&Tech (300576 CH) saw 2 block trades worth 149.10mn at 26.70yuan per share, 23.12pct discount from last closing.

- Hongbo (002229 CH) saw 3 block trades worth 552.72mn at 23.03yuan per share, 4.00pct discount from last closing.

 

*Flat

- Moutai (600519 CH) saw 1 block trades worth 1.04bn at 1638yuan per share, flat from last closing.

- Roshow Tech (002617 CH) saw 1 block trades worth 151.83mn at 5.60yuan 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 up collectively. March NYMEX crude oil contract up 2.68% to closed at $77.10/b, April Brent contract up 2.61% to closed at $81.71/b. INE crude oil active contract up 2.54% to 586.3 yuan/b.

* Precious metals mostly closed up for COMEX gold active contract up 0.25% and closed at $2021/oz. SHFE gold active contract down 0.01% and closed at 477.4 yuan/gram.

* Metals closed up mostly, LME zinc up 0.1%, LME nickel up 0.67%, LME copper up 1.93%, LME tin up 1.19%. Bonded copper up 1.44%, SHFE zinc up 0.45%, SHFE copper down 0.18%, SHFE lead down 0.79% on the contrast.

* Commodity futures closed mixed for chemistry mostly closed up, low sulfur fuel oil rose by 2.9% leading the upside, fuel oil also inched up approximately 2%, while soda ash dropped by 3.3%. For black series, coking coal and coke declined by 2.67% and 1% respectively. Agricultural products mostly closed down including No.1 soybean and No.2 soybean slipped by 1.96% and 2.27%.

 

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