DZ20240513

 

Data

*National Bureau of Statistics: April CPI up 0.3% y/y and up 0.1% m/m, PPI down 2.5% y/y and down 0.2% respectively.

*PBoC: The cumulative increase in social financing scale in the first four months of 2024 was cny 12.73tn, a decrease of cny 3.04tn compared to the same period last year, April M2 was cny 301.19tn, up 7.2% y/y, first four months increase in RMB loans of cny 10.19tn.

*CPCAAUTO: April retail of the passenger car market reached 1.532mio units, down 5.7% y/y and down 9.4% m/m, with the retail sales of NEV reached 674k units, up 28.3% y/y and down 5.7% m/m respectively.

 

Policy

*State Council Premier Li Qiang presided over the executive meeting on May 11th studied and effectively reduced the logistics costs of the whole society, approved the “Action Plan for Digital Transformation of Manufacturing Industry”, deployed comprehensive implementation of full-cost insurance and planting income insurance policies for three major grain crops nationwide, and approved the “Decision on Amending the National Science and Technology Awards”.

 

Financial

*CSRC released the provisions on strengthening the supervision of listed securities companies on May 10th, which will be implemented from the date of publication.

 

Industrial Economy

*PBoC released the China Monetary Policy Implementation Report for the first quarter of 2024, which pointed out to coordinate and study policies and measures to digest existing real estate and optimize incremental housing to promote the stable and healthy development of the real estate market.

 

May 10 Block Trade Info

*Discount

- United Nova Tech (688469 CH) saw 13 block trades worth 30.20mn at 4.16yuan per share, 9.96pct discount from last closing.

- Inovance Tech (300124 CH) saw 2 block trades worth 50.20mn at 60.05yuan per share, 4.98pct discount from last closing.

 

*Flat

- Zijin Mining (601899 CH) saw 2 block trades worth 98.90mn at 13.65yuan per share, flat from last closing.

- Guyuelongshan Shaoxing Wine (600059 CH) saw 3 block trades worth 85.55mn at 9.13yuan per share, flat from last closing.

- New Industries (300832 CH) saw 2 block trades worth 105.45mn at 77.83yuan 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 collectively. June NYMEX crude oil contract down 1.34% to closed at $78.2/b, July Brent contract down 1.32% to closed at $82.77/b. INE crude oil active contract down 0.89% to 613.8 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 1.14% and closed at $2366.9/oz. SHFE gold active contract up 1.17% and closed at 560.48 yuan/gram.

* Metals closed mixed, LME aluminum down 1.6%, LME tin down 1.47%, LME copper up 1.37%, LME zinc up 1.22%. SHFE nickel up 0.96%, bonded copper up 0.31%. SHFE aluminum down 0.94%, SHFE tin down 0.57%.

* Commodity futures closed down mostly, chemistry and energy products closed down collectively, butadiene rubber down 1.65%, glass down 1.6%, soda ash down 1.45%, EB down 1.39%. Black series closed down collectively. Agricultural products closed down mostly, No.1 soybeans down nearly 1%.

 

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