DZ20240226

Xi’s Emphasis

*Chairman Xi Jinping presided over the fourth meeting of the Central Financial and Economic Commission on the afternoon of February 23rd to study the issue of large-scale equipment updates and trade-in for consumer goods, and effectively reduce logistics costs throughout society.

 

Financial

*Premier Li Qiang presided over the State Council executive meeting on February 23rd to study policies and measures to attract and utilize foreign investment more vigorously, deploy further efforts to prevent and resolve conflicts on local debt risk work, deliberation and approval of the “Opinions on Further Optimizing Payment Services to Enhance Payment Convenience”, the “Water Conservation Regulations (Draft)”, and the “Ecological Protection Compensation Regulations (Draft)”.

*CSRC: There is currently no arrangement for a 10-year reverse IPO investigation, and we are continuously strengthening the entire chain control, and will strictly examine and punish financial fraud and fraudulent insurance. Further improve the support mechanism for capital market services and technological innovation.

*CSRC: Together with the NDRC, will actively promote the implementation of eligible consumer infrastructure REITs projects, promote the revitalization of existing assets, expand effective investment and boost consumption.

 

Industrial Economy

*China Development Bank held a on-site promotion meeting for the “three major projects” of services in Guangzhou on February 21st, mobilizing and deploying financial services for promoting the construction of affordable housing and urban village renovation, striving to achieve new breakthroughs and progress.

*Chongqing multiple departments jointly issued the “Ten Policy Measures for Financial Support for the High-Quality Development of Food and Agricultural Product Processing Industry”.

 

 

Feb 23 Block Trade Info

*Discount

- Yizumu (300415 CH) saw 1 block trades worth 31.94mn at 33.06yuan per share, 4.15pct premium from last closing.

 

*Flat

- Zijin Mining (601899 CH) saw 2 block trades worth 40.50mn at 13.50yuan per share, flat from last closing.

- Air China (601111 CH) saw 1 block trades worth 36.52mn at 7.55yuan per share, flat from last closing.

- Midea (000333 CH) saw 5 block trades worth 165.69mn at 59.62yuan 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. April NYMEX crude oil contract down 2.6% to closed at $76.57/b, May Brent contract down 2.19% to closed at $80.89/b. INE crude oil active contract down 1.13% to 595.5 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 0.74% and closed at $2045.8/oz. SHFE gold active contractup 0.45% and closed at 481.78 yuan/gram.

* Metals closed up mostly, LME zinc up 1.26%, LME tin up 0.75%, LME nickel up 0.62%. LME aluminum down 0.64%. SHFE nickel up 0.67%, SHFE tin up 0.51%, SHFE aluminum down 0.37%.

* Commodity futures closed down mostly, chemistry and energy products closed down collectively, fuel oil down 1.22%, glass down 1.18%, low sulfur fuel oil down 1.17%. Black series closed down collectively, iron ore down nearly 1%. Agricultural products closed down mostly, No.2 soybean down 1.44%, No.1 soybeans down 1.06%.

 

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