DZ20240227

Financial

*The State Council conducted the sixth special study with the theme of “Establishing a sound fair competition system and accelerating the improvement of the national unified large market basic system rules”. Premier Li Qiang pointed out that promoting the national unified market construction has strong strategic and overall characteristics, which is crucial for both current and long-term development.

 

Industrial Economy

*MIIT issued the “Implementation Plan for Improvement of Data Security Capability in the Industrial Field (2024-2026)”, which proposed to increase the pilot application of multi-party security computing, data anti-extortion, data traceability, commercial password and other technical products in the industrial field.

*MIIT: Accelerate the high-quality development of industrial internet, and provide solid support for new industrialization, said by Jin Zhuanglong, head of MIIT.

*Shenzhen officially issued the “2024 Promotion of Automobile Export Work Plan”, which proposes 24 specific measures including increasing the production of export models by local automobile manufacturers, expanding the number of high-energy entities for second-hand car exports and accelerating the efficiency of handling second-hand car export procedures.

*CGIGC released January 2024 monthly report on China’s gaming industry, with the revenue of China’s gaming market decreased by 2.10% m/m and increased by 1.22% y/y.

 

Feb 26 Block Trade Info

*Discount

- Dizal Pharma (688192 CH) saw 15 block trades worth 51.76mn at 33.00yuan per share, 10.91pct discount from last closing.

- Hongbo (002229 CH) saw 1 block trades worth 154.77mn at 23.10yuan per share, 9.02pct discount from last closing.

 

*Premium

- Industrial Bank (601166 CH) saw 1 block trades worth 92.99mn at 16.54yuan per share, 0.36pct premium from last closing.

 

*Flat

- Zijin Mining (601899 CH) saw 2 block trades worth 261.96mn at 13.15yuan per share, flat from last closing.

- Moutai (600519 CH) saw 3 block trades worth 60.17mn at 1694.98yuan per share, flat from last closing.

- Midea (000333 CH) saw 2 block trades worth 88.92mn at 60.30yuan per share, flat from last closing.

 

*Margin Trade

Total Margin Balance

1.4214 trillion

Total Short Selling Balance

43.4 billion

SH Margin Balance

0.7542 trillion

SH Short Selling Balance

27.8 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

601318

176mio

600483

2.3mio

600900

173mio

600901

2.0mio

601668

168mio

600900

1.7mio

600571

148mio

601868

1.3mio

603259

113mio

600031

0.9mio

SZ Margin Balance

0.6661 trillion

SZ Short Selling Balance

15.7 billion

Top Five Margin Trade Net Bought (in CNY)

Top Five Short Selling Net Sold (in shares)

300750

456mio

000982

3.2mio

300418

150mio

000898

2.9mio

002467

137mio

002292

1.4mio

002415

125mio

002467

1.4mio

000001

99.9mio

300315

1.2mio

 

*Connection Trade

SH-HK Connection (bn cny)

SZ-HK Connection (bn cny)

Northbound Net Cash Flow

+0.829

Northbound Net Cash Flow

-2.142

Southbound Net Cash Flow

+1.644

Southbound Net Cash Flow

+0.114

Top 5 Northbound Inflow

Top 5 Northbound Outflow

Name

Market Value (mio cny)

‰ out of ttl share outstanding

Name

Market Value (mio cny)

‰ out of ttl share outstanding

000333

330

0.79

300124

277

1.70

601138

269

0.75

000625

258

1.77

600036

215

0.26

300274

221

1.74

600150

211

1.42

601901

214

3.59

601088

180

0.23

601728

200

0.36

 

*Index Futures

Position of Top 20 members (Unit lots)

CSI 300 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IF2403

95,678

2,287

95,725

-3,010

115,308

-5,362

IF2406

35,821

2,695

56,914

418

76,390

557

IF2409

14,265

2,424

24,077

1,663

35,439

2,430

SSE 50 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IH2403

67,851

8,701

48,653

-1,061

61,388

-1,121

IH2406

27,809

9,495

25,384

1,077

35,773

1,346

IH2409

8,967

2,554

10,725

1,025

16,108

1,356

CSI 500 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IC2403

108,730

-1,525

109,088

-2,189

112,016

-2,586

IC2404

13,761

3,662

11,703

3,280

10,021

2,884

IC2406

42,422

1,441

72,088

318

73,418

-1,853

IC2409

18,102

667

37,378

1,385

37,370

1,505

CSI 1000 Index Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IM2403

166,109

506

97,415

409

106,130

-810

IM2404

15,006

3,799

10,126

2,208

9,772

1,907

IM2406

61,260

1,290

61,664

-1,268

69,547

-1,191

IM2409

31,154

-421

40,339

1,602

41,662

1,401

 

*Index Options

Position of Top 20 members (Unit lots)

CSI 300 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

IO2403

106080

-13735

62853

2707

71450

2922

CSI 1000 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

MO2403

220200

24159

84252

2619

83604

2071

MO2406

9548

2704

24067

468

27515

211

MO2409

3711

-525

27670

227

28222

104

SSE50 Index Options

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

HO2403

60457

-1753

32868

1231

36677

651

 

*Treasury Futures

Position of Top 20 members (Unit lots)

2-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TS2403

12,194

-9,513

22,142

-1,382

22,197

-2,380

TS2406

48,992

-11,451

46,305

2,271

52,212

2,072

5-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TF2403

24,181

-2,509

25,535

-4,366

26,210

-4,444

TF2406

79,181

-4,696

93,208

5,531

94,672

4,167

10-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

T2403

24,553

-17,735

32,241

-2,875

31,976

-3,309

T2406

78,288

-30,502

141,225

3,775

135,981

6,072

30-Year Treasury Bond Futures

Trading Volume

Change*

Long OI

Change*

Short OI

Change*

TL2403

9,800

323

12,047

-1,673

11,908

-1,212

TL2406

45,476

-3,384

41,328

2,446

44,584

3,404

 

*Night Session Commodities Market (As of 02:30 am)

Top 3 Gainers (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

TSR 20

NR2404

11,915.0

+1.97%

42,371

61,729

Natural Rubber

RU2405

13,945.0

+1.46%

150,600

158,945

LPG

PG2403

4,171.0

+1.29%

48,306

39,407

Top 3 Loser (Dominant Contract)

Product

Contract

Price

Change %

Trading Volume

Open Interests

Iron Ore

I2405

865.5

-2.37%

145,348

527,593

Soda Ash

SA405

1,777.0

-1.44%

166,013

574,909

Coking Coal

JM2405

1,711.0

-1.3%

34,044

130,076

 

* Commodities (night session):

* Global crude oil price closed up collectively. April NYMEX crude oil contract up 1.45% to closed at $77.6/b, May Brent contract up 1.08% to closed at $81.67/b. INE crude oil active contract up 0.79% to 602.2 yuan/b.

* Precious metals closed down mostly, COMEX gold active contract down 0.41% and closed at $2040.9/oz. SHFE gold active contract remained constant and closed at 480.88 yuan/gram.

* Metals closed mixed, LME nickel down 2.29%, SHFE copper down 1.38%, LME zinc up 0.83%. SHFE nickel down 1.19%, SHFE tin down 0.69%, SHFE zinc up 0.93%, SHFE lead up 0.47%.

* Commodity futures closed mixed, TSR 20 up 1.97%, natural rubber up 1.46%, LPG up 1.29%, iron ore down 2.37%, soda ash down 1.44%.

 

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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.