DZ20240429

Financial

*State Council Premier Li Qiang presided over the executive meeting on April 26th, reviewed and passed the “Regulations on the Punishment of State-owned Enterprise Management Managers” and the “Decision on Adjusting and Improving the Management Catalogue of Industrial Product Production License”.

 

Industrial Economy

*MoC and other 7 departments jointly issued the “Implementation Rules for the Subsidies for Trade-in-Listed Vehicles”, which clarifies the subsidy policy for funds for trade-in automobiles.

*Premier Li Qiang emphasized in the 2024 Beijing International Automobile Exhibition research that vigorously developing intelligent networked NEV will promote the high-end intelligent and green upgrading of the automotive industry.

*Chengdu issued a notice on policy measures to further optimize the stable and healthy development of the real estate market, housing transactions throughout the city will no longer review the qualification to purchase houses.

 

Data

*National Bureau of Statistics: Q1 the profit of industrial enterprises above designated size nationwide increased by 4.3% y/y, from a decline of 2.3% in the whole year of last year to positive growth.

 

International Relationship

*Xi Jinping met with US Secretary of State Blinken in Beijing on April 26th, the two sides agreed to maintain high-level exchanges and contacts at all levels.

 

Apr 26 Block Trade Info

*Discount

- Joyson Electronic (600699 CH) saw 1 block trades worth 193.80mn at 17.00yuan per share, 2.13pct discount from last closing.

- S.F. Holding (002352 CH) saw 1 block trades worth 210.60mn at 35.10yuan per share, 3.41pct discount from last closing.

 

*Flat

- Chipown Micro-Electronics (688508 CH) saw 4 block trades worth 58.97mn at 31.80yuan per share, flat from last closing.

- Sailun Group (601058 CH) saw 2 block trades worth 100.00mn at 16.50yuan per share, flat from last closing.

- Chengtun Mining (600711 CH) saw 2 block trades worth 69.19mn at 4.64yuan per share, flat from last closing.

- YTO Express (600233 CH) saw 3 block trades worth 95.05mn at 15.85yuan per share, flat from last closing.

 

*Margin 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 slightly. June NYMEX crude oil contract up 0.11% to closed at $83.66/b, July Brent contract up 0.33% to closed at $88.06/b. INE crude oil active contract up 1.07% to 654.4 yuan/b.

* Precious metals closed mixed, COMEX gold active contract up 0.3% and closed at $2349.6/oz. SHFE gold active contract up 0.59% and closed at 554.86 yuan/gram.

* Metals closed mixed, LME tin down 2.2%, LME aluminum down 0.16%, LME copper up 0.96%, LME nickel up 0.49%. SHFE tin down 1.40%, SHFE nickel down 0.87%. SHFE aluminum up 0.85%.

* Commodity futures closed up mostly, chemistry and energy products closed up collectively, TSR 20 up 1.14%, low sulfur fuel oil up 1.09%. Black series closed mixed. Agricultural products closed up mostly, RBD palm olein up 1.77%, rapeseed oil up 1.41%.

 

Download PDF

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.