DZ20230411

 

Financials

*China Securities Finance Corp adjusted down margin ratio for refinancing business of securities companies at three different levels of 5%, 10% and 15% respectively based on credit standings.

*Vice premier He Lifeng made speech on the 3rd China International Consumer Products Expo and said to promote high quality development with organic combination of domestic demand expansion and deepen structural reform at supply side to be realized in catalyzing market potentials.

 

Industrial Economy

*PCA: China March retail passenger vehicle sales of 1.587mio units, up 0.3% y/y and retail NEV sales accounts for 543k units, up 21.9% y/y with penetration ratio of 34.2%, up 6% y/y. Retail sales of Tesla in China of 77k units, up 16.6% y/y.

*Shanghai to enhance overall layout of urban digital transformation with network, computing power, perception and application related infrastructure construction to be promoted.

 

Co Focus

*Huawei will hold 2023 press conference on smart vehicle solutions on April 16.

*Ran Hua, head of DCE expressed willingness to carry forward deepen cooperation with Alibaba Group in cloud construction, big data and AI fields with improving collaboration and protected supplies.

 

*Apr 10 Block Trade

*Block Trade Info

*Discount

- SMIC (688012 CH) saw 1 block trade worth 67mn at 168.34yuan per share, 3.85 discount from last closing.

- Zhongnan Heavy Industries Co. (002445 CH）saw 1 block trade worth 96mn at 2.33 yuan per share, 3.32 discount from last closing.

- China CSSC Holdings (600150 CH）saw 2 block trades worth 100mn at 23.93 yuan per share, 1.48 discount from last closing.

- Everbright Photonics Co.(688048 CH) saw 2 block trades worth 53mn at 117.15-117.62 yuan per share, 0.9 discount from last closing.

*Flat

- Tianma Bearing Group Co. (002122 CH) saw 4 block trades worth 15mn at 4.87 yuan per share, 0.00 discount from last closing.

*Premium

- China Merchants Bank Co. (600036 CH) saw 1 block trade worth 59mn at 37.55 yuan per share, 9.67 premium from last closing.

- Shennan Circuits Co. (002916 CH) saw 4 block trades worth 27mn at 92.26 yuan per share, 1.05 premium from last closing.

 

*Margin Trade

 

*Connection Trade

Northbound and southbound trading was suspended on Apr 10th

*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. May NYMEX crude oil contract down 0.92% to closed at $79.94/b, June Brent contract down 0.96% to closed at $84.30/b. INE crude oil active contract down 0.90% to 583.8 yuan/b.

* Precious metals closed down collectively. COMEX gold contract down 0.98% to closed at $2006.6/oz. SHFE gold active contract down 0.39% to closed at 442.32 yuan/gram.

* Metals closed down collectively, SHFE tin down 1.17%, SHFE nickel down 0.74%, bonded copper down 0.64%, SHFE zinc down 0.54%.

* Commodity futures closed down mostly, energy & chemistry futures saw mixed performance, MEG up 0.90%, soda ash down 2.62%, bleached softwood kraft pulp down 1.75%, PVC down 1.11%. Black series closed down mostly, steel rebar down 1.39%, hot-rolled coil down 1.21%, coking coal down 0.93%. Agricultural products closed mixed, RBD palm olein up 1.15%.

 

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