DZ20231109

 

Financials

*SSE/SZSE released specific measures to optimize refinancing, which focus on further strict refinancing supervision, grasp the pace of refinancing, and highlight support for quality and quality. Strictly limit the issuance, net elimination, and non-compliance with the 18-month financing interval for continuous loss-making enterprises to issue securities to unspecified parties and implement refinancing by bidding to specific targets.

*NDRC and MoF jointly issued the “Guiding Opinions on Regulating the Implementation of New Mechanisms for Government and Social Capital Cooperation”, which mentioned that government and social capital cooperation projects should focus on user-paid projects, clarify charging channels and methods, cover construction investment and operating costs, have certain investment returns, and do not add local financial future expenditure responsibilities due to the use of government-social capital cooperation models.

*MoC organized special clean-up of regulations and measures that contain unreasonable and differential treatment between domestic and foreign capital. The clean-up matters include setting up or adopting restrictive measures against foreign investment in the field of equal access to domestic and foreign capital, which creates obstacles or creates a burden on the business activities of foreign-funded enterprises.

 

Industrial Economy

*Shanghai recently issued a notice on the issuance of “Several Measures for Promoting the Innovative Development of Artificial Intelligence Models in Shanghai (2023-2025)”, which proposed to focus on supporting the construction of demonstration application scenarios in fields such as integrated circuits, technology finance, autonomous driving and robots, rely on the Shanghai Data Exchange to establish the semantic data trading sector to support large-scale talent settlement.

*Guangzhou issued a notice on the “Guiding Opinions on Financial Support for the High-Quality Development of Guangzhou's Manufacturing Industry”, which proposed to focus on supporting three emerging pillar industries including new generation information technology, intelligent and new energy vehicles, biomedicine and health.

 

Data

*CPCAAUTO released data showing that October retail sales of general passenger car reached 2.051mio units, up 9.9% y/y and up 0.7% m/m, with retail sales of NEV reached 767k units, up 37.5% y/y and up 2.7% m/m.

 

Nov 8 Block Trade Info

*Discount

-Galaxycore (688728 CH) saw 8 block trades worth 449.46mn at 17.72yuan per share, 8.42pct discount from last closing.

- Jinko Solar (688223 CH) saw 11 block trades worth 89.80mn at 8.65yuan per share, 9.71pct discount from last closing.

 

*Flat

- Huayou Cobalt (603799 CH) saw 30 block trades worth 790.75mn at 36.92yuan per share, flat from last closing.

- Kingnet Network (002517 CH) saw 1 block trades worth 134.86mn at 12.50yuan per share, flat from last closing.

- Topsec Tech (002212 CH) saw 1 block trades worth 198.91mn at 9.75yuan 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 2.3% to closed at $75.59/b, January Brent contract down 2.27% to closed at $79.76/b. INE crude oil active contract down 3.36% to 591.7 yuan/b.

* Precious metals closed down collectively, COMEX gold active contract down 0.88% and closed at $1956.2/oz. SHFE gold active contract down 0.43% and closed at 469.90 yuan/gram.

* Metals closed up mostly, LME zinc up 1.52%, LME tin up 1.45%, LME copper down 0.98%. SHFE nickel up 2.15%, SHFE tin up 0.51%. Bonded copper down 0.50%.

* Commodity futures closed up mostly. Chemistry and energy products closed up collectively, PTA up 1.73%, polyester fiber up 1.47%, methanol up 1.37%. Black series closed up collectively, coking coal up 2.64%, iron ore up 1.79%, steel rebar up 1.39%. Agricultural products closed mixed.

 

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