*Key points
Macro
*President Xi Jinping sent a congratulatory letter to the 2021 World Internet Conference Wuzhen Summit that China highly value technology innovation and to enhance communication with other countries in an open manner.
Financials
*CSRC said to optimize green stock index system with criminal activities like market manipulation under name of market value management to be against and related financial products to be developed.
*The Central Bank says all cryptocurrency-related transactions are illegal. According to a statement on PBoC website, it will further prevent speculation of virtual currency trading with related business to be strictly prohibited.
Industrial Economy
*CPCA: retail sales of automobile during the 3rd week in Sept reached 43k by daily, down 14% y/y while up 15% vs Aug. The accumulated sales during the first 3 weeks of Sept down 13% y/y and up 8% m/m.
*Wang Bin, deputy director of the department of consumer promotion of the MoC suggested automobiles, home appliances, furniture and catering were the top pillars of the consumer market, accounting for about a quarter of the total.
-Transformation of automobiles from purchase management to use management will be accelerated, the campaign to bring NEV to the countryside to be carried out and to promote new car consumption. -Recycling system for used household appliances to speed up and trade-in is encouraged.
-As analyzed that consumption will continue to recover steadily in Oct and throughout the 4Q. The total retail sales is expected to reach cny 44 tn for the full year, up 12.5% y/y and 8% vs 2019.
*Power shortage remains after northeast cities been rationed on electricity consumption, Department of Energy in Guangdong jointly issued proposal on energy saving and electricity use in order.
Co Focus
*SASAC issued a notice on Sept 25th for the set-up of China Electric Equipment Group which to include relevant enterprises owned by State Grid and China Western Power Group, as a another move of strategic reorganization of state-owned enterprises.
*Meng Wanzhou, CFO of Huawei returned back to China on Sept 25th after over 1000-day detention.
*Evergrande NEV scraps its plan to issue new shares on SSE STAR board.
*Block Trade Info
*Discount
- China Tourism Group Duty Free (601888,CH) saw 1 block trade worth 2.04 mn at 215.00 yuan per share, 12.96 discount from last closing.
- Haitian Flavoring (603288,CH) saw 7 block trade worth 85.32 mn at 90.06 yuan per share, 9.71 discount from last closing.
- CanSino (688185,CH) saw 2 block trade worth 117.64 mn at 303.00 yuan per share, 8.87 discount from last closing.
- WillSemiconductor (603501,CH) saw 4 block trade worth 432.83 mn at 220.06 yuan per share, 8.23 discount from last closing.
- Oriental Yuhong (002271,CH) saw 1 block trade worth 22.68 mn at 39.79 yuan per share, 1.51 discount from last closing.
- Yuntianhua Chemical (600096,CH) saw 3 block trade worth 141.35 mn at 28.27 yuan per share, 1.29 discount from last closing.
*Flat
- SF Holding (002352,CH) saw 1 block trade worth 13.99 mn at 67.96 yuan per share, flat from last closing.
- 37 Interactive Entertainment (002555,CH) saw 1 block trade worth 15.84 mn at 22.96 yuan per share, flat from last closing.
*Premium
- Sanan Optoelectronics (600703,CH) saw 3 block trade 21.30 mn at 32.65 yuan per share, 0.12 premium from last closing.
- Bank of Jiangsu (600919,CH) saw 1 block trade worth 272.52 mn at 5.69 yuan per share, 1.25 premium from last closing.
*Margin Trade
|
Total Margin Balance |
1.7320trillion |
Total Short Selling Balance |
163.3billion |
|
SH Margin Balance |
0.9213trillion |
SH Short Selling Balance |
102.7billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
600170 |
232mio |
512100 |
20.8mio |
|
601318 |
230mio |
600795 |
18.4mio |
|
600021 |
182mio |
601108 |
7.0mio |
|
600352 |
168mio |
600909 |
6.3mio |
|
600585 |
132mio |
512000 |
5.7mio |
|
SZ Margin Balance |
0.8107trillion |
SZ Short Selling Balance |
60.6billion |
|
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
|
301071 |
242mio |
000725 |
21.5mio |
|
000591 |
235mio |
000783 |
10.2mio |
|
002230 |
196mio |
002500 |
7.7mio |
|
000831 |
143mio |
002042 |
3.4mio |
|
000768 |
137mio |
002926 |
3.3mio |
*Connection Trade
|
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
|
Northbound Net Cash Flow |
0.96 |
Northbound Net Cash Flow |
1.77 |
||
|
Southbound Net Cash Flow |
0.38 |
Southbound Net Cash Flow |
4.72 |
||
|
Top 5 Northbound Inflow |
Top 5 Northbound Outflow |
||||
|
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
Name |
Market Value (mio cny) |
‰ out of ttl share outstanding |
|
000858 |
1424 |
1.89 |
601318 |
1128 |
1.28 |
|
600519 |
922 |
0.45 |
300760 |
576 |
1.29 |
|
600900 |
513 |
1.06 |
600111 |
541 |
2.92 |
|
002202 |
509 |
6.99 |
000001 |
511 |
1.49 |
|
300124 |
455 |
2.66 |
600036 |
496 |
0.40 |
*Index Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IF2110 |
106,216 |
13,774 |
59,890 |
930 |
64,292 |
1,951 |
|
IF2112 |
24,625 |
2,452 |
54,015 |
1,120 |
66,672 |
299 |
|
IF2203 |
5,500 |
912 |
21,928 |
248 |
22,212 |
-40 |
|
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IH2110 |
68,983 |
6,751 |
37,518 |
-799 |
39,632 |
-467 |
|
IH2112 |
20,002 |
2,494 |
26,137 |
-422 |
33,846 |
-747 |
|
IH2203 |
4,385 |
171 |
7,082 |
-25 |
9,605 |
62 |
|
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IC2110 |
96,130 |
11,350 |
70,053 |
2,339 |
73,192 |
2,221 |
|
IC2112 |
29,777 |
-441 |
74,181 |
-568 |
92,030 |
-409 |
|
IC2203 |
14,539 |
1,572 |
45,809 |
577 |
57,629 |
599 |
*Index Options
|
Position of Top 20 members (Unit lots) |
||||||
|
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
IO2110 |
143625 |
24714 |
67878 |
-2187 |
68510 |
-2275 |
*Treasury Futures
|
Position of Top 20 members (Unit lots) |
||||||
|
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TS2112 |
15,099 |
567 |
22,206 |
446 |
25,818 |
532 |
|
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
TF2112 |
37,032 |
-2,188 |
57,170 |
1,745 |
59,125 |
2,323 |
|
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
|
T2112 |
91,310 |
-7,263 |
119,881 |
1,460 |
125,388 |
167 |
*Night Session Commodities Market (As of 02:30 am)
|
Top 3 Gainers (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Soda Ash |
SA201 |
3,255.0 |
+3.89% |
516,190 |
384,857 |
|
Iron Ore |
I2201 |
702.0 |
+3.39% |
333,649 |
526,619 |
|
Cotton |
CF201 |
17,900.0 |
+3.26% |
222,743 |
372,703 |
|
Top 3 Loser (Dominant Contract) |
|||||
|
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
|
Stainless Steel |
SS2110 |
20,920.0 |
-1.95% |
62,457 |
31,663 |
|
Glass |
FG201 |
2,242.0 |
-1.88% |
239,898 |
290,001 |
|
Rapeseed Meal |
RM201 |
2,847.0 |
-1.49% |
360,469 |
407,334 |
* Oil price mostly went up in the global market, the November contract of WTI rose 0.89% to $73.95/barrel, the December contract of Brent rose 0.94% to $77.18/barrel. Over the past week, The crude oil prices have been rising for 5 weeks, given the inventories in the US and other countries kept falling during the global energy crisis, while the demand is increasing; Also, the high price of natural gas forced investors to consider oil and boosted prices, which further tightened the market before winter this year.
* Commodities market mostly closed up after the night session of Sept 24. The chemical and energy sector rose strongly, soda ash kept the upward trend and increased 3.89%. For black series, iron ore went up by 3.39%, thermal coal and coking coal both rose over 2%.
