DZ20230412

 

International Relationship

*China confirms visit of Brazilian president Lula from April 12 to 15 during MoF's daily briefing on April 11.

 

Data

*China March aggregate financing cny 5.38tn; Est. cny 4.5tn and previous cny 3.16tn. M2 money supply rises 12.7% y/y, meet expectation; New yuan loan cny 3.89tn; Est. cny 3.09tn and previous cny 1.81tn.

 

Financials

*IMF predicts 5.2% economic growth of China in 2023 and to bring positive spillover effect for other countries.

 

Industrial Economy

*CAAM: China power battery loading capacity reached 27.8GWh in March, up 29.7% y/y and up 26.7% m/m with LFP contributed 19GWh, accounting for 68.5%, up 44.4% y/y and 25.3% m/m.

 

Co Focus

*CATL planning to hold press conference on technique of condensed batteries on April 19.

*Berkshire Hathaway sold 2.48mio shares of BYD H-shr on March 31 at average price of 217.67 HK dollars and saw stake holding down to 10.9%, according to file disclosed by HKEX.

 

*Apr 11st 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

 

*Index Futures

 

*Index Options

 

*Treasury Futures

 

*Night Session Commodities Market (As of 02:30 am)

 

* Commodities (night session):

* Global crude oil prices closed up collectively. May NYMEX crude oil contract up 2.06% to closed at $81.41/b, June Brent contract up 1.64% to closed at $85.56/b. INE crude oil active contract up 1.21% to 593.2 yuan/b.

* Precious metals closed up collectively. COMEX gold contract up 0.76% to closed at $2019/oz. SHFE gold active contract up 0.65% to closed at 445.86 yuan/gram.

* Metals closed mixed, LME nickel up 3.05%, LME copper up 1.03%, LME tin down 2.87%, LME aluminum down 1.31%. SHFE nickel up 2.33%, bonded copper up 0.58%, SHFE zinc down 0.34%.

* Commodity futures closed up mostly, energy & chemistry futures saw mixed performance, soda ash down 1.62%, bleached softwood karft pulp down 1.56%, glass down 0.97%. Black series closed up collectively. Agricultural products closed up mostly, RBD palm olein up 1.33%, rapeseed meal up 1.23%, soybean oil up 1.14%.

 

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