DZ20240902

 

Industrial Economy

*State Council Premier Li Qiang presided over the executive meeting, studied several opinions on promoting the high-quality development of the insurance industry, approved the “Implementation Plan for Accelerating the Improvement of Flood Control System in Sea Basin” and “Regulations on Network Data Security Management”.

*MoC and other five departments jointly issued the “Implementation Plan for Promoting the Exchange of Electric Bikes”, which proposes to promote the trade-in work of electric bicycles.

 

Data

*National Bureau of Statistics: China’s official manufacturing PMI for August was 49.1%, a decrease of 0.3% from the previous month, Non-manufacturing PMI was 50.3%, Composite PMI was 50.1%.

 

Financial

*MoC: Maintain scientific and technological investment and strengthen support for basic research, key core technology research, national strategic scientific and technological forces.

 

Aug 30 Block Trade Info

*Discount

- Xgimi(688696 CH) saw 3 block trades worth 59.02mn at 42.49yuan per share, 24.27pct discount from last closing.

- Poly (600048 CH) saw 7 block trades worth 207.26mn at 8.02/8.12yuan per share, 0/1.23pct discount from last closing.

- BSM (300796 CH) saw 8 block trades worth 103.13mn at 9.52yuan per share, 1.86pct discount from last closing.

 

*Flat

- Mubang High-Tech (603398 CH) saw 1 block trades worth 88.13mn at 13.73yuan per share, flat from last closing.

- SAIC Motor (600104 CH) saw 1 block trades worth 89.55mn at 12.56yuan per share, flat from last closing.

 

*Margin Trade (no update of SZ Margin Balance)

 

*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 collectively. October NYMEX crude oil contract down 2.98% to closed at $73.65/b, November Brent contract down 2.27% to closed at $77.03/b. INE crude oil active contract down 2.42% to 544.0 yuan/b.

* Precious metals closed down collectively, COMEX gold active contract down 0.95% and closed at $2536/oz. SHFE gold active contract down 0.58% to closed at 571.46 yuan/gram.

* Metals closed mixed, LME lead up 1.57%, LME zinc up 0.75%, LME nickel down 1.78%, LME aluminum down 0.47%. SHFE nickel down 2.43%, SHFE tin down 0.56%, SHFE zinc down 0.44%. SHFE lead up 0.49%.

* Commodity futures closed down collectively, chemistry and energy products closed down collectively, fuel oil down 3.63%, PTA down 2.77%, PX down 2.58%. Black series closed down collectively, coking coal down 1.81%, coke down 1.22%, iron ore down 1.12%. Agricultural products closed down collectively, cotton yarn down 2.48%, RBD palm olein down 1.12%, rapeseed meal down 1.11%.

 

Download PDF

 

DISCLAIMER

The report is issued by Orient Securities Co. LTD (Orient Securities) and Shanghai Orient Futures Co. LTD (Orient Futures) to institutional investors. Opinions expressed may differ from those of other divisions of Orient Securities, including Orient Securities Research Institute. Orient Securities may trade as principal in instruments identified herein and may accumulate/have accumulated a long or short position in instruments or derivatives thereof. Orient Securities has policies designed to negate conflicts of interest. This e-mail is not an official confirmation of terms and unless stated, is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. Communications may be monitored.