The northward net inflow of capital against the market exceeded 1.8 billion yuan, which ignited the main enthusiasm of Ping An Bank.

category:Finance
 The northward net inflow of capital against the market exceeded 1.8 billion yuan, which ignited the main enthusiasm of Ping An Bank.


The top ten active trading stocks showed that Ping An Bank, Mei Group and Wuliangye were among the top net purchases, with net purchases of 509 million yuan, 293 million yuan and 247 million yuan respectively. It is worth mentioning that Ping An Bank has purchased 770 million yuan of capital from the north. The net sales of Ping An in China ranked first, amounting to 325 million yuan. Beijing Oriental A and Biotechnology were sold 174 million yuan and 137 million yuan respectively.

Eight A-shares are newly added to MSCI China Index

In the early morning of August 8, MSCI released the quarterly adjustment results of the August index. The announcement showed that MSCI raised the inclusion factor of A shares in Chinas large market from 10% to 15%. The change will take effect after the closing date of August 27. By then, Chinas A shares will account for 2.46% of the MSCI Emerging Market Index and 7.79% of the MSCI China Index.

In addition, MSCI has made routine adjustments to the index system. China Railway, Ningbo Port, Shanghai Construction, Southwest Securities, Wanhua Chemistry, Yaoming Kant, Yunda Stock, Zhangjiang Gaoke and other eight A-shares will be added to the MSCI China Index (the inclusion factor is 15%).

MSCI China A-share on-shore Index added 10 components such as Tang Chen Beijian, China Shipping and China Railway, among which the top three targets are China Insurance, China Railway and Wanhua Chemical, and no shares have been deleted.

MSCI China Stock Index added 7 constituent stocks and deleted 1 constituent stocks. Among the seven component stocks added, Haidilao, China Railway and Wanhua Chemistry are the top three targets, while Bosten, Xingyu, Yaoming Kangde and Yunda are the rest.

MSCI Chinas all-stock small-cap Index added Fengsheng Holdings, excluding Boston, Xingyu shares and Joy Media.

In addition, MSCI has updated the list of Chinas A-shares as an alternative for the last step in the expansion of Chinas A-shares in November. According to the previous plan, MSCI will increase the inclusion factor of Chinese A-shares from 15% to 20% in the semi-annual index adjustment in November, and include 20% of Chinese A-shares in the MSCI index system.

Most institutions remain optimistic

Merchants Securities pointed out that the probability of passive incremental capital inflows before the closing date of the index adjustment. The flow of active incremental funds depends largely on the market environment. If U.S. inflation picks up, the Fed may make policy adjustments, and if the dollar strengthens, it may disturb northward funds. On the contrary, if the upward momentum of the dollar index is insufficient, the northward capital ratio will be laid out in August.

In the medium and long term, the fundamental driving force for the sustained inflow of foreign capital is the systematic revision of the size of the Chinese market, which does not match the size of Chinas economy and market. CICC estimates that the average annual net inflow of foreign capital into A shares in the next 10 years may be between 200 billion yuan and 400 billion yuan.

Tianding Securities said that the index is still at the bottom of the shock stage, and still needs to be cautious in the short term, but there is no need to blindly short-sighted, there is still room on the position, before the bottom of the sunny line, the operation should pay attention to high selling and low attraction, profit should be in time for security, right investors can patiently wait for the index to stabilize. In the near future, we can walk on two legs in science and technology plus cycle. In science and technology, we focus on blue chips and high-quality stocks related to science and technology electronics. In the cycle, we can focus on the concept of non-ferrous metals such as cobalt and gold. In addition, other high-quality stocks with medium-term performance forecast will continue to pay attention.

Oriental Securities believes that August is the best layout period before the second round of growth. First, continue to be firm in the second half of the A-share market, the second round of gains is most likely to occur in the fourth quarter. Secondly, in terms of incremental capital, in addition to the more deterministic inflows of foreign capital, other sources of incremental capital ignored by the market include: the real gold and silver repurchase of stocks by listed companies. Moreover, the trend of leading concentration of turnover of A-share listed companies will continue, which will drive the index up. Third, the market may still be volatile in the third quarter, but there is limited room for decline. If there is an adjustment in August-September, it will be the best layout period. At present, the overall valuation level of A shares still has sufficient safety cushion, so even if the market adjusts in the third quarter, the space is relatively limited, adjustment is the buying opportunity. Source: First Financial Responsibility Editor: Liu Song_NBJ9949

Oriental Securities believes that August is the best layout period before the second round of growth. First, continue to be firm in the second half of the A-share market, the second round of gains is most likely to occur in the fourth quarter. Secondly, in terms of incremental capital, in addition to the more deterministic inflows of foreign capital, other sources of incremental capital ignored by the market include: the real gold and silver repurchase of stocks by listed companies. Moreover, the trend of leading concentration of turnover of A-share listed companies will continue, which will drive the index up. Third, the market may still be volatile in the third quarter, but there is limited room for decline. If there is an adjustment in August-September, it will be the best layout period. At present, the overall valuation level of A shares still has sufficient safety cushion, so even if the market adjusts in the third quarter, the space is relatively limited, adjustment is the buying opportunity.