DZ20240319

 

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 18 Block Trade Info

*Discount

- Accelink Tech (002281 CH) saw 2 block trades worth 43.46mn at 39.51yuan per share, 2.01pct discount from last closing.

- Oriental Yuhong (002271 CH) saw 1 block trades worth 82.47mn at 16.83yuan per share, 3.99pct discount from last closing.

 

*Flat

- Will (603501 CH) saw 4 block trades worth 76.25mn at 100.05yuan per share, flat from last closing.

- Zijin Coal Mining (601899 CH) saw 3 block trades worth 55.23mn at 15.78yuan per share, flat from last closing.

- Innolight (300308 CH) saw 1 block trades worth 63.00mn at 179.99yuan 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 mostly. May NYMEX crude oil contract up 2.02% to closed at $82.21/b, May Brent contract up 1.84% to closed at $86.91/b. INE crude oil active contract down 0.24% to 635.3 yuan/b.

* Precious metals closed mixed, COMEX gold active contract up 0.11% and closed at $2163.9/oz. SHFE gold active contract down 0.05% and closed at 505.68 yuan/gram.

* Metals closed mixed, LME lead down 1.97%, LME nickel down 1.35%, LME zinc down 1.27%. SHFE tin up 1.85%, bonded copper up 0.55%, SHFE copper up 0.53%.

* Commodity futures closed up mostly, natural rubber up 2.01%, iron ore up 1.91%, wood pulp up 1.73%. Glass down 1.60%, corn down 1.10%.

 

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