DZ20231127

 

Financials

*CSI co announced to adjust index constituents of SSE50, CSI300, CSI500, STAR50 and CSI1000 etc, to take effect from mkt closing on Dec 8.

*The State Council Premier Li Qiang presided over executive meeting on November 24th to studied and strengthened safety production at the end of the year and the beginning of the year, and approved the “Action Plan for Continuous Improvement of Air Quality” and the “Regulations on Supervision and Management of Non-Bank Payment Institutions”.

*SSE successfully held the 2023 index-based investment exchange meeting, which pointed out to vigorously develop China’s characteristic index system and index-based investment, guide incremental funds to continuously flow into the market through index products.

 

Industrial Economy

*SASAC held a special meeting for the heads of central enterprises, which pointed out to cultivate and incubate a batch of unicorn enterprises to jointly build a group of strategic emerging industry clusters, promote the implementation of major deployments by the Party Central Committee and the State Council in state-owned central enterprises.

*Guangdong Province issued the “Several Measures for Further Boosting and Expanding Consumption”, which proposed that Guangzhou and Shenzhen will further relax their qualification to apply for car purchase indicators. Implement preferential policies for tax reductions and exemptions on the purchase of NEV. Guide banking institutions to implement differentiated housing credit policies, optimize the standards for determining the number of housing units in personal housing loans.

*CCB head office convened a symposium for six real estate companies including VANKE-A, Longfor and MIDEA REAL EST, and plan to further support their financing needs and supplement liquidity.

 

Data

*CPCAAUTO: The narrow passenger car retail market in November was about 2.08mio units, up 2.3% m/m and up 26.0% y/y due to the low base effect of the same period last year. The retail sales of NEV are around 820k units, up 6.2% m/m and up 36.4% y/y, with a penetration rate of about 39.4%.

 

Nov 24 Block Trade Info

*Discount

- Galaxycore (688728 CH) saw 13 block trades worth 85.47mn at 17.76yuan per share, 9.57pct discount from last closing.

- Tongkun (601233 CH) saw 1 block trades worth 113.79mn at 13.86yuan per share, 0.22pct discount from last closing.

- Jc Finance &Tax Interconnect (002530 CH) saw 1 block trades worth 113.74mn at 9.00yuan per share, 2.49pct discount from last closing.

 

*Flat

- Oriental Yuhong (002271 CH) saw 3 block trades worth 78.78mn at 23.08yuan 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. January NYMEX crude oil contract down 1.53% to closed at $75.18/b, February Brent contract down 1.35% to closed at $80.15/b. INE crude oil active contract down 0.48% to 575.5 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 0.52% and closed at $2003.7/oz. SHFE gold active contract up 0.44% and closed at 467.44 yuan/gram.

* Metals closed mixed, LME nickel down 2.97%, LME tin down 1.41%, LME zinc up 0.89%, LME copper up 0.36%. SHFE nickel down 3.03%, SHFE lead down 1.12%, SHFE zinc up 0.24%, bonded copper up 0.17%.

* Commodity futures closed mixed. Chemistry and energy products closed up mostly, soda ash up 4.32%, fuel oil up 1.84%, butadiene rubber up 1.02%. Black series closed up collectively, coking coal up 3.11%, coke up 1.47%. Agricultural products closed mixed, rapeseed meal up 1.22%, RBD palm olein up 1.06%.

 

Download PDF

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.