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PBoC data
*At the end of March, the broad money supply (M2) stood at 353.86 trillion yuan, an increase of 8.5% y/y.
*26Q1 cumulative incremental social financing reached 14.83 trillion yuan, a decrease of 354.5 billion yuan compared to the same period last year.
*26Q1 new yuan-denominated loans increased by 8.6 trillion yuan.
Middle East Conflict
*A new round of negotiations between the United States and Iran may be held in Islamabad on April 16.
*The Iranian military stated that it will implement a permanent mechanism for controlling the Strait of Hormuz, and that enemy vessels have no right to pass through the Strait of Hormuz now or in the future.
*China has called on the relevant parties to abide by the temporary ceasefire arrangements and create conditions for the early restoration of peace and tranquility in the Gulf region, while denying that it is planning to provide weapons to Iran.
Financial
*Premier Li Qiang of the State Council signed a State Council decree, promulgating the “Regulations of the People’s Republic of China on Countering Unjust Foreign Extraterritorial Jurisdiction”, which take effect on the date of promulgation.
Industrial Economy
*The Ministry of Agriculture and Rural Affairs promoted the application of smart agricultural machinery, drones and other intelligent technologies and equipment, while advancing the global expansion of Chinese products and services such as pesticides, seeds, fertilizers, agricultural machinery and animal vaccines.
Apr 13 Block Trade Info
*Discount
– Weaver Network Tech (603039 CH) saw 1 block trades worth 179.97mn at 42.05yuan per share, 6.43pct discount from last closing.
*Premium
– Hygon Information Tech (688041 CH) saw 7 block trades worth 396.24mn at 234.21yuan per share, 1.03pct premium from last closing.
– CATL (300750 CH) saw 1 block trades worth 362.21mn at 427.13yuan per share, 2.68pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.

