DZ20231117

 

Policy

*MoC issued a notice on further implementing the tax reduction and exemption policy for imported equipment for foreign-invested enterprises that are subject to the encouragement and development of the country. Further investigate the regulations and measures that may discriminate against foreign-funded enterprises.

 

Financials

*State Council Premier Li Qiang conducted research in Heilongjiang and Jilin from November 14th to 16th, which emphasized to adhere to reform and innovation, stimulate endogenous power, and promote new breakthroughs in the comprehensive revitalization of Northeast China in the new era. Improve and expand state-owned enterprises through reform and innovation to drive and promote the common development of private enterprises and micro, small and medium-sized enterprises.

*The State Administration for Financial Supervision and Administration issued a notice on the interim measures for the supervision, rating and classification supervision of trust companies.

 

Industrial Economy

*MoC: Further promote the stability and quality improvement of foreign trade in the Q4, enhance the efforts of enterprises to expand market services, fully leverage the trade promotion role of exhibition platforms, improve the level of foreign trade innovation and development, promote the introduction of special policies such as promoting cooperation in NEV trade and improving the development level of processing trade, improve the level of foreign trade financial services, promote the increase of import and export credit support.

*The National Organizational Drug Joint Procurement Office officially announced the ninth batch of 41 drugs and prices selected for national organization drug centralized procurement. The results of this centralized procurement will be implemented in March 2024.

*The price monitoring center of the NDRC: In the short term, the basic data system may give birth to a data trading market with a scale of cny 300-500 bn, in the medium to long term, the potential market size generated by data assetization may reach ten trillion.

 

*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 4.9% to closed at $72.90/b, January Brent contract down 4.58% to closed at $77.46/b. INE crude oil active contract down 5.49% to 559.7 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 1.02% and closed at $1984.3/oz. SHFE gold active contract up 0.31% and closed at 473.58 yuan/gram.

* Metals closed down mostly, LME zinc down 3.09%, LME nickel down 1.7%, LME aluminum down 0.94%. SHFE nickel down 2.41%, SHFE zinc down 1.54%, SHFE aluminum down 0.58%.

* Commodity futures closed mixed. Chemistry and energy products closed mixed, soda ash up 2.21%, EB up 1.4%, LPG down 2.08%, fuel oil down 1.89%. Black series closed up collectively, coking coal up 3.66%, coke up 2.13%, iron ore up 1.36%. Agricultural products closed down mostly, rapeseed meal down 2.54%, No.2 soybeans down 2.16%, soybean meal down 1.89%.

 

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