DZ20230328
International Relationship
*MoFA: Premier Li Qiang to deliver speech on the Boao Forum to be held on March 30.
Financials
*MoF and State Administration of Taxation said to collect 20% corporate income tax after 25% deduction from tax payable less than cny 1 mio for small-micro enterprises. Personal income tax will be half exempted for private businesses for the less than cny 1mio amount of tax payable.
Industrial Economy
*Poly issued whitepaper of real estate industry 2022-2023 suggesting property market scale has declined to cny 13.3tn after peaked at cny 18.2tn in 2022 while market scale of new homes to maintain above cny 10tn in future 5 years and to exceed cny 20tn if counting second-hand homes in.
*Ministry of Culture and Tourism said to enhance innovation of tourism and consumption type financial products with “travel first, pay later” financial service to be provided for travelers.
Co Focus
*Baidu officially issued new large model platform at enterprise-level under ERNIE Bot, according to clients attended its close-door forum.
*CATL and HGP reached product supply agreement on 450MWh battery energy storage project with long-term partnership to be built up in promoting implementation of 5GWh public and distributive energy storage project.
*Mar 27th Block Trade
*Block Trade Info
*Discount
- Sinofibers Tech (300777 CH) saw 1 block trade worth 40mn at 50.00yuan per share, 1.24 discount from last closing.
- Zhenhua E-Chem Inc.(688707 CH)saw 7 block trades worth 73mn at 37.21 yuan per share, 6.48 discount from last closing.
- Zhejiang Construction (002761 CH) saw 1 block trade worth 19mn at 19.09 yuan per share, 0.31 discount from last closing.
- Yongdong Chemistry Industry Co. (002753 CH) saw 2 block trades worth 56mn at 7.6yuan per share, 9.09 discount from last closing.
- Onechance Tech.(300792 CH) saw 5 block trades worth 29mn at 32.32 yuan per share, 10.00 discount from last closing.
- Inmyshow Digital Tech (600556 CH) saw 6 block trades worth 34mn at 8.78yuan per share, 12.90 discount from last closing.
- Tonze New Energy Tech (002759 CH) saw 4 block trades worth 19mn at 16.18yuan per share, 10.11 discount from last closing.
- Visual China (000681 CH) saw 3 block trades worth 100mn at 17.00 yuan per share, 2.52 discount from last closing.
*Margin Trade
Total Margin Balance |
1.5154 trillion |
Total Short Selling Balance |
95.2billion |
SH Margin Balance |
0.7968 trillion |
SH Short Selling Balance |
59billion |
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
600570 |
332mio |
600900 |
24.43mio |
601138 |
313mio |
600010 |
15.35mio |
601360 |
310mio |
601728 |
2.85mio |
600900 |
291mio |
601360 |
2.02mio |
600941 |
154mio |
688707 |
1.85mio |
SZ Margin Balance |
0.7186 trillion |
SZ Short Selling Balance |
36.3 billion |
Top Five Margin Trade Net Bought (in CNY) |
Top Five Short Selling Net Sold (in shares) |
||
301236 |
260mio |
000630 |
1.18mio |
002351 |
195mio |
300024 |
0.74mio |
002049 |
190mio |
300123 |
0.66mio |
300364 |
188mio |
300383 |
0.55mio |
002229 |
179mio |
002602 |
0.51mio |
*Connection Trade
SH-HK Connection (bn cny) |
SZ-HK Connection (bn cny) |
||||
Northbound Net Cash Flow |
-0.4 |
Northbound Net Cash Flow |
-0.3 |
||
Southbound Net Cash Flow |
+3.0 |
Southbound Net Cash Flow |
+1.2 |
||
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 |
600584 |
343 |
5.78 |
601138 |
623 |
1.78 |
300750 |
311 |
0.73 |
300059 |
349 |
1.55 |
002241 |
305 |
4.50 |
601088 |
305 |
0.64 |
600188 |
271 |
2.90 |
002518 |
246 |
9.84 |
601390 |
263 |
1.75 |
000651 |
227 |
1.1 |
*Index Futures
Position of Top 20 members (Unit lots) |
||||||
CSI 300 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IF2304 |
78,729 |
12,105 |
49,166 |
4,050 |
53,316 |
3,939 |
IF2306 |
26,074 |
6,530 |
60,019 |
2,036 |
73,289 |
2,139 |
IF2309 |
9,387 |
4,116 |
27,423 |
1,119 |
36,403 |
1,178 |
SSE 50 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IH2304 |
47,189 |
4,456 |
39,628 |
687 |
46,500 |
1,298 |
IH2306 |
16,603 |
3,469 |
30,111 |
933 |
41,042 |
1,234 |
IH2309 |
5,885 |
644 |
15,556 |
693 |
24,033 |
902 |
CSI 500 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IC2304 |
54,113 |
10,967 |
61,193 |
1,567 |
58,196 |
1,367 |
IC2306 |
16,978 |
2,232 |
87,927 |
99 |
94,390 |
52 |
IC2309 |
7,389 |
1,029 |
72,574 |
-365 |
74,209 |
-152 |
CSI 1000 Index Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IM2304 |
42,108 |
8,323 |
33,570 |
1,622 |
35,173 |
972 |
IM2306 |
14,256 |
3,522 |
45,151 |
645 |
49,965 |
545 |
IM2309 |
4,802 |
1,053 |
32,372 |
324 |
34,625 |
150 |
*Index Options
Position of Top 20 members (Unit lots) |
||||||
CSI 300 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
IO2304 |
84035 |
3494 |
47880 |
-418 |
50709 |
309 |
CSI 1000 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
MO2304 |
53443 |
9882 |
23898 |
301 |
28604 |
681 |
SSE50 Index Options |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
HO2304 |
32483 |
8664 |
19794 |
958 |
22106 |
1545 |
*Treasury Futures
Position of Top 20 members (Unit lots) |
||||||
2-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
TS2306 |
52,387 |
-15,026 |
55,276 |
-80 |
58,764 |
223 |
5-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
TF2306 |
92,599 |
-16,315 |
91,062 |
-1,981 |
91,408 |
-740 |
10-Year Treasury Bond Futures |
Trading Volume |
Change* |
Long OI |
Change* |
Short OI |
Change* |
T2306 |
90,269 |
-33,815 |
157,981 |
1,688 |
148,230 |
1,676 |
*Night Session Commodities Market (As of 02:30 am)
Top 3 Gainers (Dominant Contract) |
|||||
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
Crude Oil |
SC2305 |
521.0 |
+4.16% |
115,114 |
41,788 |
Fuel Oil |
FU2305 |
2,656.0 |
+2.59% |
327,059 |
327,851 |
Tin |
SN2304 |
205,380.0 |
+2.46% |
57,095 |
29,870 |
Top 3 Loser (Dominant Contract) |
|||||
Product |
Contract |
Price |
Change % |
Trading Volume |
Open Interests |
Coke |
J2305 |
2,653.5 |
-2.62% |
15,763 |
33,517 |
Coking Coal |
JM2305 |
1,805.0 |
-1.93% |
23,662 |
64,172 |
Gold |
AU2306 |
435.5 |
-1.3% |
81,709 |
170,829 |
* Commodities (night session):
* Global crude oil price closed up collectively. May NYMEX crude oil contract up 5.24% to closed at $72.89/b, June Brent contract up 4.22% to closed at $77.74/b. INE crude oil active contract up 4.16% to 521.0 yuan/b.
* Precious metals closed down collectively. COMEX gold contract down 1.32% to closed at $1957.7/oz. SHFE gold active contract down 1.30% to closed at 435.50 yuan/gram.
* Metals closed up collectively, LME tin up 2.11%, LME nickel up 1.41%, LME aluminum up 1.2%. SHFE tin up 2.46%, SHFE zinc up 0.69%, SHFE aluminum up 0.65%.
* Commodity futures closed mixed, energy & chemistry futures saw strong performance, fuel oil up 2.59%, MEG up 1.83%, EB up 1.45%, PVC up 1.12%, bleached softwood karft pulp down 1.26%. Black series closed down mostly, coke down 2.62%, coking coal down 1.93%. Agricultural products performed mixed, cotton up 2.06%, cotton yarn up 1.62%, RBD palm olein up 1.07%.
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.