DZ20240318

 

Policy

*CSRC released the “Opinions on Strictly Controlling the Access to Issuance and Listing from the Source to Improve the Quality of Listed Companies”, which prohibits the refinancing and lending of restricted shares, and shareholders selling restricted shares.

*CSRC released the “Opinions on Strengthening the Supervision of Securities Companies and Public Funds to Accelerate the Construction of First-class Investment Banks and Investment Institutions”, which increase counter-cyclical adjustment efforts for financing securities and other businesses based on market conditions.

*CSRC released the “Opinions on Strengthening the Supervision of Listed Companies”, which take multiple measures to increase dividend yield and urge companies that do not distribute or have less dividends to improve their dividend levels.

 

Data

*PBoC: The first two months of 2024, cumulative amount increase in social financing scale is cny 8.06tn, which is cny 1.1tn less than the same period last year, New RMB loans is cny 6.37tn, the second highest level in history. M2 balance is cny 299.56tn, up 8.7% y/y.

 

Industrial Economy

*NDRC released an action plan to promote the high-quality construction of a national-level new area, which pointed out to accelerate the construction of the national new generation artificial intelligence innovation and development pilot zone in the new district and the national artificial intelligence innovation application pilot zone.

*NDRC: Take more practical measures to support the development of enterprises in the new energy vehicle industry, improve backward production capacity and the exit mechanism of enterprises,cultivate and strengthen competitive backbone enterprises, stated by Zheng Zhajie, at the 2024 China Electric Vehicle Hundred People Forum High-level Forum.

*General Office of the Central Committee of the CPC and the General Office of the State Council issued opinions on strengthening ecological environment zoning control, which to ensure ecological functions and improve environmental quality.

 

March 15 Block Trade Info

*Discount

- Hydsoft Tech (301316 CH) saw 3 block trades worth 39.14mn at 19.57yuan per share, 1.41pct discount from last closing.

- Yunnan Baiyao (000538 CH) saw 2 block trades worth 59.76mn at 51.34yuan per share, 0.23pct discount from last closing.

 

*Flat

- Luxshare (002475 CH) saw 3 block trades worth 104.28mn at 27.77yuan 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. April NYMEX crude oil contract down 0.32% to closed at $81/b, May Brent contract down 0.16% to closed at $85.28/b. INE crude oil active contract down 1.66% to 635.1 yuan/b.

* Precious metals closed mixed, COMEX gold active contract down 0.37% and closed at $2159.4/oz. SHFE gold active contract up 0.06% and closed at 506.70 yuan/gram.

* Metals closed up mostly, LME copper up 2.1%, LME tin up 1.48%, LME aluminum up 1.13%, LME lead down 1.25% on the contrast. SHFE tin up 1.76%, bonded copper up 1.37%, SHFE copper up 1.23%.

* Commodity futures closed mixed, chemistry and energy products closed mixed, natural rubber up 2.29%, TSR 20 up 1.07%, butadiene rubber up nearly 1%. MEG down 2.01%, glass down 2%. Black series closed down mostly, coke down 1.07%. Agricultural products closed up collectively, rapeseed oil up 2.19%, RBD palm olein up 1.79%, soybean oil up 1.05%.

 

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