Portraits of A-share figures: 99.78percent are retail investors, 80percent of whom have less than 5K monthly income

category:Finance
 Portraits of A-share figures: 99.78percent are retail investors, 80percent of whom have less than 5K monthly income


Retail investors account for 99%, and the average monthly income is less than 5000

The stock market has always been a battlefield for men and young people. In a large group of retail investors, due to the limited funds to invest in the stock market, the majority prefer short-term returns. According to a survey of users of data treasure and Tencents self selected stocks, wage earners with a monthly income of less than 5000 yuan are the main force of shareholders. After 1997, they have set foot in the A-share market, and the silver haired shareholders are still holding fast.

Feature 1: retail investors still account for the majority of investors after breaking 150 million

The scale of investors is still expanding. After A-share natural person investors exceeded 100 million in 2016, by the end of November 2019, the number of natural person investors who have opened A-share accounts reached a new record, reaching 158 million. Compared with the end of 2018, A-share natural person investors increased by 12.43 million, the lowest increase in four years.

In 2019, the profit-making effect of A-share market will be expanded, and institutional heavy positions will become the focus of the market. After falling back in 2018, the number of institutional investors has returned to growth, with a cumulative increase of 24500. However, in general, retail investors are still the mainstream of a shares. In comparison, natural person investors account for 99.78% of the total A shares, a new high in the past five years.

Feature 2: male shareholders are 3 times as many as female shareholders and have entered the market since 1997

From the perspective of gender distribution, since 2007, the proportion of female stock investors has been decreasing year by year. A-share investors are still dominated by men, and the proportion of male shareholders is nearly 75%, about three times that of female shareholders.

In terms of age distribution, the proportion of a shares under 40 years old is more than 80%. After 60, the old shareholders still stick to it, accounting for 5.48%. With the rise of the younger generation, after 1997, shareholders have entered the stock market, accounting for more than 15%.

Feature 3: the working class is the main economic active province with high participation

Among the A-share shareholders, more than 40% of them have university degree. The proportion of high school educated and below is close to 50%, and the education level does not affect the enthusiasm of A-share investors.

In terms of income structure, the working class with monthly income below 5000 accounts for the vast majority, accounting for 76.91%, and the group with monthly income above 30000 accounts for the least, only 2.49%.

In terms of regional distribution, the participation of investors in regions with high economic activity is also relatively higher. Guangdong, Shanghai, Zhejiang, Jiangsu, Fujian, Shandong and other places accounted for more than 50% of the total number of shareholders, of which Guangdong accounted for the highest number of shareholders, reaching 29%, far ahead of other provinces.

Feature 4: low investment experience nearly 9 years Chengdu is a short-term sniper

Although the A-share market has not seen a bull market, the enthusiasm of new investors to enter the market has not decreased. In terms of investment experience, the proportion of people with low investment experience reached 48.34%, indicating that most of small white investors involved in a shares.

From the perspective of financial risk preference, nearly half of the shareholders prefer the radical type, with the growth type and aggressive type accounting for 53.23% of the total. The number of stable investors is the least, accounting for less than 13%.

Because retail investors account for the majority of a shares, and the funds used to invest in the stock market are limited, the investors pay more attention to the short-term earnings. 88.79% of the investors pursue short-term earnings, far more than those pursue medium-term and long-term earnings.

[portrait of senior executives

90% of sub-health work overtime every week for more than 12 hours

In 2019, the proportion of female executives in listed companies reached a record high. The rise of female power in the capital market is gratifying. On the other hand, the average salary level of female executives is still more than 30% lower than that of male executives. In terms of income, the average annual salary of A-share executives in 2019 is close to 500000 yuan, double that of ten years ago.

Feature 1: the average age of nearly half a hundred female executives reached a new high

According to data treasure statistics, as of mid December 2019, the proportion of male executives in A-share listed companies reached 79.17%, which means that there is one male executive in five executives. However, womens position in the workplace is becoming more and more important. According to the data, the proportion of female executives in 2009 annual report was only 14.74%, reaching a new high of 21.83%.

Most executives have reached the age of knowing destiny, with an average age of 48.62. The average age of male executives is nearly 50 years old. Women are relatively young, with an average age of 45. In terms of age composition, 15.14% of senior executives aged 30-39, 36.46% aged 40-49, 38.07% aged 50-59, and 89.67% in total. According to the trend, the average age of executives has been between 48 and 49 for seven consecutive years.

Feature 2: more bachelors degree and masters degree, with an average salary of nearly 500000

High education is almost a must for executives. According to the data, the proportion of senior executives with college degree or above is 97.99%. The proportion of undergraduate and master degree is the highest, 38.44% and 36.33% respectively.

High pay is another big label for executives of listed companies. According to the data of 2018 annual report, the average salary of senior executives reached 496000 yuan. From the perspective of salary structure, the proportion of annual salary above 200000 accounts for 61.49%, of which 200000-500000 accounts for nearly 31%. Executive compensation has been rising for nine consecutive years, and the average salary in 2018 has more than doubled from RMB 239500 in 2009, with an average annual increase of more than 8%.

It is worth mentioning that education and salary are not completely positively related. Among them, the average salary of postdoctoral is less than 260000 yuan, and the average salary of each degree is the lowest. Doctors salary is also relatively low, less than 380000 Yuan, ranking the second from the bottom among all academic degrees. The average salary of masters degree is the highest, reaching 670000 yuan, followed by bachelors degree, with an average salary of 500000 yuan.

Feature 3: high salary pressure, nearly 90% of senior managers are sub healthy

High salaries are often under pressure. According to the research on the weekly overtime hours of white-collar workers in 2019, for 80% of white-collar workers, overtime is the norm, and only 18.05% of white-collar workers never work overtime. Among them, white-collar workers who work overtime within 3 hours per week are the most, and those who work overtime for 10 hours or more per week exceed 20%. This means that overtime has become a common phenomenon.

The pressure on executives to work overtime is clearly greater. According to the 2015 white collar 8-hour quality of life survey report released by Zhilian recruitment in 2015, the average weekly overtime time of senior managers is 12.3 hours, followed by senior professionals, with an average overtime time of 7.4 hours / week and ordinary employees of 5.5 hours / week.

In this case, the health of senior executives is worrying. According to the white paper on the health of white-collar workers in Chinese cities, about 70% of employees are in sub-health, and the overdraft phenomenon is the most serious among the elites and executives, with the sub-health ratio of 91% and 86% respectively; in the survey, the phenomenon of overwork accounts for 10.3%; the phenomenon of overwork of managers in foreign enterprises is the most common, and the phenomenon of overwork is the most common among the top management of state-owned enterprises, private enterprise owners, news media, it and other industries.

[portrait of major shareholders

Facing the layoff crisis, the number of changes in actual controllers reached a four-year high

In 2019, major shareholders or actual controllers of many listed companies faced the layoff crisis, and the number of companies with actual controller changes reached a new high in nearly four years.

Feature 1: the number of actual control personnel laid off reached a four-year high

Major shareholders are busy in 2019. According to data treasure, since 2019, 220 companies have announced the change of control right, which is the highest in the past four years, next to 294 in 2015.

The companies with the change of control right not only have the major shareholders who voluntarily choose to retreat to the second tier and introduce more powerful actual controllers to achieve a win-win situation for the major shareholders, but also have some major shareholders who are not good at business and are deeply in debt crisis. After the major shareholders transfer their shares or even lose their control right, the companys business situation is still difficult to improve.

From the perspective of share price performance of change of actual controller, there are 15 shares with double increase in 2019, and China potential shares have the best performance. In 2019, the share price increase is more than 400%. Jiuding New Material Co., Ltd., 37th mutual Entertainment Co., Ltd., Jianyou Co., Ltd. and China Public Education Co., Ltd. are among the top gainers.

Feature 2: the number of state-owned private enterprises has reached a five-year high

According to data treasure statistics, in 2019, 46 listed companies changed their actual controllers from non controllers and individuals to enterprises with state-owned assets background, with the number of changes reaching a new high in recent five years, 43 of which are central enterprises and 3 are local state-owned enterprises.

Some listed companies transfer their companies due to business difficulties, high proportion of major shareholders pledge and other factors. For the purpose of supporting the development and growth of private enterprises, the regulators and governments at all levels have continued to rescue the listed companies of private enterprises. At the same time, in the context of the reform of state-owned enterprises, state-owned assets have frequently extended a helping hand to private enterprises, reflecting the new thinking of the reform of mixed ownership of state-owned enterprises.

More than half of the 46 listed companies have a market value of less than 5 billion yuan. From the perspective of the location of these enterprises with state-owned assets background, there are six state-owned enterprises in Guangdong Province, five, four and four in Beijing, Henan and Sichuan respectively.

Feature 3: the actual controllers of listed companies still increase their holdings in large amount

In 2019, 246 listed companies were increased by the actual controller, with a total increase of 20.381 billion yuan, reflecting the actual controllers confidence in the future development of the listed company. The largest proportion of A-share circulation shares increased by the actual controller is Sinotrans, with an increase of 11.72% and an increase of 808 million yuan. In addition, HongRi pharmaceutical, Tengda construction, Ciwen media and Zhongheng group all have an increase of more than 5% of the total.

Statement: all information content of data treasure does not constitute investment advice. The stock market is risky and investment should be cautious. Source: NetEase Finance and economics general responsibility editor: Zhang Mei Yu nf2100

Statement: all information content of data treasure does not constitute investment advice. The stock market is risky and investment should be cautious.