DZ20240311

 

Data

*National Bureau of Statistics: February CPI increased by 0.7% y/y and 1.0% m/m. PPI decreased by 2.7% y/y and 0.2% m/m.

 

Industrial Economy

*MOHURD: Support the reasonable financing needs of different ownership real estate companies equity. City government should take responsibility and optimize real estate policy white list projects have approved loans of over cny 200bn. Continue to increase the transformation of the pipeline network, more than 100k kilometers will be renovated this year.

*Shanghai recently issued the “Implementation Plan for Promoting the Quality and Expansion of Service Consumption”, proposing that by 2027, a number of new growth points will be formed in various fields of service consumption, comprehensively enhancing the international reputation, brand aggregation, commercial activity, consumption convenience and policy leadership of Shanghai’s service consumption. The proportion of service retail sales to total social retail sales will exceed 50%.

*Ministry of Education: A comprehensive reform pilot for higher education will be implemented, combining technological development trends with social development needs to optimize the setting of disciplines and majors.

*MIIT organized a special research on the high-quality development of environmental protection equipment manufacturing industry, in order to cultivate new driving forces for industrial economic growth.

 

Financial

*PBoC published a column titled “Promoting High-Quality Development of Credit Information Industry and Helping Financial Services Real Economy”, which emphasized to adhere to the concept of credit reporting for the people, continuously expand the breadth and depth of credit services, and provide strong support for financial services to serve the real economy.

 

March 8 Block Trade Info

*Discount

- Hoymiles Power Electronics (688032 CH) saw 2 block trades worth 320.46mn at 212.04yuan per share, 6.67pct discount from last closing.

 

*Flat

- Eastmoney (300059 CH) saw 2 block trades worth 49.22mn at 13.56yuan 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 mostly. April NYMEX crude oil contract down 1.37% to closed at $77.85/b, May Brent contract down 1.17% to closed at $81.99/b. INE crude oil active contract up 0.02% to 612.0yuan/b.

* Precious metals closed mixed, COMEX gold active contract up 0.97% and closed at $2186.2/oz. SHFE gold active contract up 0.78% and closed at 509.32 yuan/gram.

* Metals closed down mostly, LME copper down 0.84%, LME aluminum down 0.75%, LME zinc down 0.49%. Bonded copper down 0.85%, SHFE tin down 0.81%, SHFE copper down 0.72%. SHFE lead up 0.28% on the contrast.

* Commodity futures performed mixed, chemistry and energy products closed mixed, EB rose nearly 1%, soda ash down 2.74%, glass down 1.98%, LPG down 1.59%. Black series closed down collectively, iron ore down 2.5%, steel rebar down 1.19%. Agricultural products closed mixed, rapeseed meal up 1.17%.

 

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