DZ20240424

Xi’s Emphasis

*Chairman Xi Jinping presided over the symposium on promoting the development of the western region in the new era in Chongqing on the afternoon of the 23rd and delivered an important speech, who emphasized to develop emerging industries in light of local conditions to accelerate industrial transformation and upgrading in the western region.

 

Financial

*The US has been revealed to be drafting sanctions that could cut off some Chinese banks from the global financial system, in the hope that this will stop Chinese support for Russian defence production.

*NDRC and PBoC jointly held an inter-ministerial joint meeting on the construction of social credit system, which proposed to promote high-quality development of social credit system.

*NDRC and MoF jointly completed 2024 local government special bond project screening work, with a total of screening passed special bond about 38k projects in 2024.

 

Industrial Economy

*National Medical Products Administration announced on the issuance of the “Administrative Measures for Changes after Drug Listing”, which optimize the application procedures for listing and registration of drugs that have been listed overseas in China and transferred to domestically produced drugs.

*Guangdong Province held meeting emphasized to focus on building new growth points such as artificial intelligence, new energy storage, commercial aerospace, low-altitude economy and biological manufacturing.

 

Apr 23 Block Trade Info

*Flat

- Zijin Mining (601899 CH) saw 1 block trades worth 95.42mn at 17.04yuan per share, flat from last closing.

- Longi (601012 CH) saw 4 block trades worth 277.58mn at 18.78yuan per share, flat from last closing.

- Moutai (600519 CH) saw 3 block trades worth 542.82mn at 1692.28yuan per share, flat from last closing.

- Great River Smarter (002930 CH) saw 1 block trades worth 274.39mn at 14.40yuan per share, flat from last closing.

- Midea (000333 CH) saw 4 block trades worth 153.25mn at 68.39yuan 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. June NYMEX crude oil contract up 1.83% to closed at $83.40/b, June Brent contract up 1.67% to closed at $88.45/b. INE crude oil active contract up 1.54% to 646.8 yuan/b.

* Precious metals closed mixed, COMEX gold active contract down 0.46% and closed at $2335.7/oz. SHFE gold active contract up 0.20% and closed at 551.70 yuan/gram.

* Metals closed down mostly, LME tin down 6.33%, LME aluminum down 3.54%, LME nickel down 3.26%. SHFE tin down 4.32%, SHFE nickel down 1.73%, SHFE aluminum down 1.23%.

* Commodity futures closed down mostly, chemistry and energy products closed down collectively, MEG down 2.07%, TSR 20 down 1.62%, methanol down 1.3%. Black series closed down collectively, coking coal down 1.16%. Agricultural products closed mixed, cotton yarn down 1.03%.

 

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