DZ20240701

 

Data

*China’s June official manufacturing PMI was 49.5%, unchanged from last month. Non-manufacturing PMI and the composite PMI were 50.5%, a decrease of 0.6 and 0.5 percentage points respectively from the previous month.

 

Industrial Economy

*Premier Li Qiang recently signed the State Council order to announce the “Regulations on the Administration of Rare Earths”, which will be implemented from October 1st, 2024.

*As of June 29th, the total box office for the 2024 summer vacation (June-August) period exceeded cny 2bn, according to real-time data from Lighthouse Professional Edition.

 

Financial

*PBoC and other seven departments jointly issued the “Work Plan for Solidly Doing a Good Job in Science and Technology Finance”, which proposes to strengthen the function of serving scientific and technological innovation such as the stock market and the regional equity market, and strengthen the policy support for cross-border financing of scientific and technological enterprises.

*MoF and Taxation Administration jointly released announcement continuing to implement the differentiated personal income tax policy for dividends listed on NEEQ.

 

International Relationship

*Chairman Xi Jinping will attend the 24th meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization and pay state visits to Kazakhstan and Tajikistan.

 

June 28 Block Trade Info

*Discount

- Les Info (688631 CH) saw 3 block trades worth 188.71mn at 59.97yuan per share, 3.31pct discount from last closing.

- Bank of Communications (601328 CH) saw 1 block trades worth 81.32mn at 7.07yuan per share, 5.35pct discount from last closing.

- Daqin Railway (601006 CH) saw 1 block trades worth 3.03bn at 7.14yuan per share, 0.28pct discount from last closing.

 

*Premium

- Tsingtao Brewery (600600 CH) saw 2 block trades worth 115.51mn at 72.77/73.74yuan per share, 0/1.33pct 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 down slightly. August NYMEX crude oil contract down 0.34% to closed at $81.46/b, September Brent contract down 0.45% to closed at $84.88/b. INE crude oil active contract down 0.51% to 621.6 yuan/b.

* Precious metals closed up slightly, COMEX gold active contract up 0.01% and closed at $2336.9/oz. SHFE gold active contract up 0.13% to closed at 551.18 yuan/gram.

* Metals closed down collectively, LME tin up 1.9%, LME lead up 1.88%, LME aluminum up 1%. LME copper up 0.74%. SHFE tin up 1.32%, LME lead up 0.96%, boned cooper up 0.35%.

* Commodity futures closed up collectively, chemistry and energy products went up collectively, soda ash up 3.95%, glass up 1.30%, methanol up 0.24%. Black series closed up collectively, coking coal up 0.71%, coke up 0.83%, iron ore up 1.10%. Agricultural products closed mixed, cotton up 0.65%, cotton yarn up 0.54%, soybean meal up 0.53%.

 

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