DZ20240219

 

Data

*January increase in social financing scale was cny 6.5tn, an increase of cny 506.1bn compared to the same period last year. New RMB loans was cny 4.92tn, with the previous value was cny 1.17tn, both hit a record high. M2 increased by 8.7% y/y, with the previous value increased by 9.7%, missed mkt expectation.

 

Industrial Economy

*TRIP.COM-S (9961 HK) released the “2024 Dragon Year Spring Festival Travel Report”, showing the domestic scenic spot ticket orders increased by more than 60% y/y, and the overseas scenic spot ticket orders increased by more than 130% compared to 2019, cultural and tourism consumption surged, becoming the main force driving resident consumption.

*The box office of the 2024 Spring Festival holiday broke cny 8bn, surpassing the 2021 Spring Festival holiday of cny 7.843bn. The total number of moviegoers exceeded 161mio, surpassing the 160mio moviegoers in 2021, both breaking the record of Chinese film history during the Spring Festival.

*Ministry of Housing and Urban-Rural Development: China will transform more than 100k kilometers of underground pipelines per year in the future, including municipal public utilities pipelines such as water supply, rainwater, sewage, recycled water, natural gas, heat, electricity and communication to meet the needs of life and production within cities.

 

Financial

*Premier Li Qiang presided over the third plenary session of the State Council on February 18th to discuss the draft of the government work report and mobilize for the start of the year.

 

Feb 8 Block Trade Info

*Discount

- Winner Medical (300888 CH) saw 1 block trades worth 250.81mn at 35.83yuan per share, 5.01pct discount from last closing.

 

*Flat

- Zijin Mining (601899 CH) saw 29 block trades worth 405.43mn at 12.50yuan per share, flat from last closing.

- Xinghuacun Fen Wine (600809 CH) saw 27 block trades worth 631.05mn at 225.20yuan per share, flat from last closing.

- Midea (000333 CH) saw 8 block trades worth 80.54mn at 60.29yuan per share, flat from last closing.

 

*Margin Trade

 

*Connection Trade

 

*Index Futures

x

 

*Index Options

 

*Treasury Futures

 

* Commodities (During the spring festival):

* Global crude oil price closed up collectively. NYMEX crude oil main contract up 5.43%,, Brent main contract up 5.00% to closed at $79.35/b.

* Precious metals closed mixed, COMEX gold active contract down 1.11%. COMEX silver active contract up 4.73%.

* Metals closed mixed, LME tin up 4.11%, SGX iron ore up 1.48%, LME nickel up 1.46%. LME lead down 1.94%, LME zinc down 1.14%, LME aluminum down 0.54%.

* Agricultural products closed down mostly, CBOT wheat down 6.61%, ICE sugar down 5.37%, CBOT corn down 3.92%, CBOT soybean meal down 3.17%, CBOT soybean oil down 3.12%. Japanese rubber up 7.31%, ICE cotton up 6.77%.

 

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