DZ20240308

 

Xi’s Emphasis

*Chairman Xi Jinping emphasized to strengthen mission, deepen reform and innovation, comprehensively enhance strategic capabilities in emerging fields when attending a meeting of the People’s Liberation Army of China.

 

Industrial Economy

*General Office of the State Council released the “Opinions on Further Optimizing Payment Services and Enhance Payment Convenience”, which promote the parallel development and mutual supplementation of payment methods, further improve the level of payment services, better serve social livelihood, optimize the business environment, and promote high-level opening up to the outside world.

*Shanghai issued the “Nuclear Power Industry High-Quality Development Action Plan (2024-2027)”, which proposed that by 2027, the scale of the nuclear power industry will reach cny 60bn.

 

Data

*PBoC: February foreign exchange reserves was $3225.817bn, an increase of $6.497bn compared to the previous period. As of the end of February, China’s gold reserves were 72.58mio ounces, an increase of 390k ounces from the previous period and have increased for the 16th consecutive month.

 

March 7 Block Trade Info

*Discount

- Vanjee Tech (300552 CH) saw 9 block trades worth 33.17mn at 18.43yuan per share, 14.79pct discount from last closing.

 

*Flat

- Zijin Mining (601899 CH) saw 4 block trades worth 61.49mn at 14.73yuan per share, flat from last closing.

- Centre Testing (300012 CH) saw 2 block trades worth 36.99mn at 12.33yuan per share, flat from last closing.

*Mixed
- Zangge Mining (000408 CH) saw 2 block trades worth 62.81/55.79mn at 29.60/31.88yuan per share, flat/7.70pct premium 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 up mostly. April NYMEX crude oil contract up 0.42% to closed at $79.46/b, May Brent contract up 0.3% to closed at $83.21/b. INE crude oil active contract down 0.08% to 613.9 yuan/b.

* Precious metals closed up collectively, COMEX gold active contract up 0.43% and closed at $2167.4/oz. SHFE gold active contract up 0.44% and closed at 505.42 yuan/gram.

* Metals closed up collectively, LME lead up 2.06%, LME zinc up 1.38%, LME tin up 1.35%, LME nickel up 0.98%, SHFE nickel up 1.09%, bonded copper up 0.99%, SFHE zinc up 0.98%.

* Commodity futures closed down mostly, chemistry and energy products closed down collectively, glass down 1.76%. Black series closed down collectively, iron ore and coking coal down 1.3%. coke down 1.22%. Agricultural products closed up mostly, soybean meal up 1.02%, No.2 soybeans up nearly 1%.

 

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