DZ20240702

 

Industrial Economy

*MIIT released a plan for the establishment of the Brain-computer Interface Standardization Technical Committee, with three major work plans including accelerating the development of key technical standards, and promoting the implementation of standards.

*The Yangtze River Delta power market and inter-provincial electricity mutual aid trading meeting was held in Shanghai, which emphasized to further deepen market mechanisms, and support high-quality development of Yangtze River Delta integration.

 

Financial

*Premier Li Qiang signed State Council Order to announce the Provisions of The State Council on Implementing the Registered Capital Registration Administration System of the Company Law of the People's Republic of China on July 1st 2024, which shall come into force as of the date of promulgation.

*State Council Vice Premier He Lifeng presided over a symposium on foreign investment work in Beijing, who emphasized to promptly implement the policies already introduced to further widen market access.

 

July 1 Block Trade Info

*Discount

- Ja Solar (002459 CH) saw 18 block trades worth 100.95mn at 10.19/10.53yuan per share, 6.40/9.42pct discount from last closing.

- Poly (600048 CH) saw 4 block trades worth 140.36mn at 9.12yuan per share, 2.04pct discount from last closing.

 

*Flat

- Cofco Capital Holdings (002423 CH) saw 2 block trades worth 144.14mn at 7.61yuan per share, flat from last closing.

- China Rare Earth (000831 CH) saw 3 block trades worth 35.90mn at 26.39yuan per share, flat from last closing.

 

*Margin Trade

 

*Connection Trade Suspended

 

*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. August NYMEX crude oil contract up 2.26% to closed at $83.38/b, September Brent contract up 1.92% to closed at $86.63/b. INE crude oil active contract up 1.69% to 633.5 yuan/b.

* Precious metals closed up slightly, COMEX gold active contract up 0.1% and closed at $2341.9/oz. SHFE gold active contract up 0.04% to closed at 551.84 yuan/gram.

* Metals closed mixed, LME nickel up 0.92%, LME tin up 0.51%, LME zinc down 0.7%, LME lead down 0.45%. SHFE lead up 1.00%, SHFE nickel up 0.98%, bonded copper up 0.47%, SHFE zinc down 0.47%.

* Commodity futures closed up mostly, chemistry and energy products closed up collectively, low sulfur fuel oil up 1.18%. Black series closed up collectively, coke up 1.56%, coking coal up 1.52%, iron ore up 1.44%. Agricultural products closed mixed, RBD palm olein up 1.39%, cotton yarn up 1%, cotton rapeseed oil up nearly 1%.

 

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