DZ20231108

 

Xi’s Emphasis

*Chairman Xi Jinping presided over the third meeting of the Central Comprehensive Deepening Reform Committee on the afternoon of November 7th, which reviewed and approved “Opinions on Comprehensively Promoting the Construction of Beautiful China”, “Opinions on Further Improving the Budget System for State-owned Capital Operation”, and “Guiding Opinions on Strengthening Ecological Environment Zone Control”.

 

International Relationship

*Premier Li Qiang of the State Council held talks with Prime Minister Albanis of Australia, who came to China for an official visit, the leaders of the two countries confirmed their support for China-Australia comprehensive strategic partnership and reiterated the importance of stabilizing and constructive bilateral relations.

 

Financials

*PBoC published a column titled “Promoting the High-Quality Development of China’s Financial Market and Helping Accelerate the Construction of a Financial Strong Country”, which proposed to continuously unblock the channels for financial market funds to enter the real economy, further optimize the financing structure and funding supply structure.

 

Industrial Economy

*Shanghai: Pilot operation of self-driving public transportation at specific time and road sections in the central urban area, Shanghai has formed a rich scene of autonomous driving test roads, with a total of 926 and 1800 kilometers open, ranking among the top in the country in terms of mileage.

 

Data

*CPCAAUTO: According to preliminary statistics, October retailed sales of passenger cars reached 2.026mio units, up 10% y/y and up 0% m/m, retail sales of NEV reached 765k units, up 39% y/y and up 3% m/m.

 

Nov 7 Block Trade Info

*Discount

-HYC Tech (688001 CH) saw 1 block trades worth 95.47mn at 31.96yuan per share, 3.50pct discount from last closing.

- China Yangtze Power (600900 CH) saw 1 block trades worth 50.91mn at 22.26yuan per share, 0.04pct discount from last closing.

- Mindray Bio-Medical (300760 CH) saw 1 block trades worth 58.12mn at 282.14yuan per share, 0.16pct discount from last closing.

 

*Flat

- CATL (300750 CH) saw 1 block trades worth 27.92mn at 191.24yuan 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. December NYMEX crude oil contract down 4.57% to closed at $77.13/b, January Brent contract down 4.31% to closed at $81.51/b. INE crude oil active contract down 4.48% to 610.4 yuan/b.

* Precious metals closed down collectively, COMEX gold active contract down 0.65% and closed at $1975.6/oz. SHFE gold active contract down 0.51% and closed at 472.68 yuan/gram.

* Metals closed mixed, LME nickel down 2.66%, LME copper down 0.52%, LME aluminum down 0.46%, LME lead up 0.57%. SHFE nickel down 2.54%, bonded copper down 0.46%, SHFE tin up 0.63%.

* Commodity futures closed down mostly. Chemistry and energy products closed down collectively, fuel oil down 3.38%, low sulfur fuel oil down 2.48%, LPG down 1.72%. Black series closed mixed. Agricultural products closed mixed, rapeseed meal up 1.88%.

 

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