DZ20240304

 

Policy

*The State Council Premier Li Qiang presided over the executive meeting, reviewed and approved the “Action Plan for Promoting Large-scale Equipment Update and Trade-in-Plus for Consumer Goods”, studied and accelerated the construction of a modern infrastructure system, continued to deepen the high-quality development of integrated development in the Yangtze River Delta.

 

Industrial Economy

*Beijing issued the “Implementation Plan for Digital Transformation of Manufacturing Industry 2024-2026”, which pointed out to build a demonstration for innovative application of AI, actively promote universities, research institutes, and emerging R&D institutions to build large models of industrial AI.

*Shanghai announced a new round of fuel vehicle replacement subsidy policy and NEV replacement policy, which will continue the 2023 standard, with a subsidy of up to cny 10k for car purchases and a subsidy of up to cny 1k for buying green and smart home appliances.

*The National Data Administration and other three departments jointly researched and improved the efficiency of network transmission of “eastern calculation and western calculation”.

*Zheng Zhajie, head of NDRC investigated the development of artificial intelligence industry in Beijing, who encouraged to actively comply with the trends of technological revolution and industrial transformation, strengthen technology R&D, and expand industry empowerment applications.

 

March 1 Block Trade Info

*Discount

- Cecep Techand (300197 CH) saw 1 block trades worth 160.60mn at 2.06yuan per share, 0.96pct discount from last closing.

- Jiuzhitang (000989 CH) saw 2 block trades worth 55.00mn at 8.07yuan per share, 9.53pct discount from last closing.

 

*Flat

- China Yangtze Power (600900 CH) saw 3 block trades worth 93.58mn at 25.00yuan per share, flat from last closing.

- Moutai (600519 CH) saw 3 block trades worth 83.41mn at 1685.06yuan per share, flat from last closing.

- New Industries (300832 CH) saw 3 block trades worth 47.90mn at 80.63yuan per share, flat from last closing.

- Do-Fluoride New Materials (002407 CH) saw 17 block trades worth 182.84mn at 13.08yuan per share, flat from last closing.

 

*Margin Trade (3.1 SZ Top five margin trade/short selling data not released)

 

*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 up collectively. April NYMEX crude oil contract up 1.98% to closed at $79.81/b, May Brent contract up 1.78% to closed at $83.37/b. INE crude oil active contract up 1.73% to 617.1 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 1.8% and closed at $2091.6/oz. SHFE gold active contract up 1.55% and closed at 490.58 yuan/gram.

* Metals closed mixed, LME lead down 1.02%, LME nickel down 0.79%, LME tin down 0.53%, LME zinc up 0.37%. SHFE lead down 0.38%, SHFE aluminum up 0.29%, bonded copper up 0.29%.

* Commodity futures closed mixed, fuel oil up 2.19%, low sulfur fuel oil up 1.85%, soybean meal up 1.28%, iron ore down 1.63%, soda ash down 1.34%.

 

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