DZ20230320

 

International Relationship

*President Xi Jinping will travel to Russia on a state visit from March 20 to 22, according to a statement from MoF.

 

Financials

*PBoC said to lower deposit reserve ratio for financial institutions by 0.25% from March 27th (exclude institutions already executing 5% ratio) to maintain abundant liquidity and better serve the real economy. Average deposit reserve ratio after this adjustment will be around 7.6%.

*On the evening of March 19th, CITIC Metal, Zhong Zhong Sci&Tech (Tianjin) Co., Ltd., and Jiangsu Evergreen New Material Tech Incorporated Co, became the first batch of companies which made their IPO issuance announcement on the SSE main board and initial price inquiry under the comprehensive IPO registration system, China Securities Journal reported. On March 16th, the IPO registrations of these companies were approved by the CSRC.

*Premier Li Qiang held the first meeting with the new State Council and pointed out to prioritize development of real economy with the fight against key technique well played and construction of modern industrial system to be accelerated. Deepen reform and opening-up to be promoted with new round of reform on state-owned enterprises to be implemented, development of private economy to be promoted with fundamental of foreign trade and capital to be stabilized.

*China Financial Futures Exchange announced to adjust down liquidation charging on stock index futures to 0.00023 per transaction and in seeking public opinions on 30-year Treasury bond futures contracts.

*Cny 463bn reserve repo will be due in PBoC open market during March 20 to 24 and cny 50bn treasury cash deposit will be due on March 23, according to Wind.

 

Data

*MoF: China Jan-Feb fiscal revenue of cny 4.5642tn, down 1.2% y/y with corporate tax income of cny 1.0167tn,up 11.4% y/y, personal tax income of cny 388.1bn, down 4% and stamp tax of cny 78.1bn, down 31.3% y/y. Among which, stamp tax income of securities trading accounts for cny 28.2bn, down 61.7% y/y.

*MoC: Jan-Feb foreign direct investment of cny 268.4bn, up 6.1% y/y and around usd 39.7bn, up 1% y/y.

*China Electricity Council: Jan-Feb total social power consumption of 1.3834tn KWh, up 2.3% y/y and industrial power consumption contributes 857bn KWh, up 3.2% y/y, accounts for 61.9%.

 

*Mar 17th Block Trade

*Block Trade Info

*Discount

- Offcn Education Tech (002607 CH) saw 18 block trade worth 78mn at 4.52 yuan per share, 8.87 discount from last closing.

- China Railway Materials (000927 CH）saw 1 block trade worth 47mn at 3.11 yuan per share, 0.64 discount from last closing.

- Transtrue Tech (002771 CH) saw 1 block trade worth 28mn at 14.08 yuan per share, 14.67 discount from last closing.

- Rastar Group (300043 CH) saw 4 block trades worth 58mn at 3.2 yuan per share, 0.62 discount from last closing.

- WgTech Co. (603773 CH）saw 3 block trades worth 60mn at 19.41 yuan per share, 3.48 discount from last closing.

- Pacific Union Precision.(688210 CH) saw 1 block trade worth 48mn at 21.34 yuan per share, 20.52 discount from last closing.

 

*Flat

- ZTE Co. (000063 CH) saw 1 block trade worth 162mn at 34.68 yuan per share, 0.00 discount from last closing.

- Sunwoda (300207 CH) saw 3 block trades worth 19mn at 18.81 yuan per share, 0.00 discount 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. April NYMEX crude oil contract down 2.94% to closed at $66.34/b, May Brent contract down 2.49% to closed at $72.44/b. INE crude oil active contract down 0.90% to 494.9 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 3.68% to closed at $1993.7/oz. SHFE gold active contract up 2.63% to closed at 443.12 yuan/gram.

* Metals closed up collectively, LME zinc up 2.64%, LME tin up 2.17%, LME nickel up 1.48%, LME copper up 1.1%, SHFE tin up 1.87%, SHFE nickel up 1.34%, SHFE zinc up 0.92%.

* Commodity futures closed up mostly, energy & chemistry futures saw strong performance, PTA up 2.42%, glass up 1.22%, soda ash up 1.21%, polyester stable fiber up 1.16%. Black series closed mixed. Agricultural products mixed, No.2 soybeans down 1.73%, soybean meal down 1.66%, rapeseed meal down 1.5%.

 

 

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