Northward capital flow back, the stock was bought by foreign capital a quarter of the current plate

category:Finance
 Northward capital flow back, the stock was bought by foreign capital a quarter of the current plate


Northward capital outflow or near end

Yesterday, northbound funds bought a small net of 07 million yuan, ending the previous three consecutive trading days of net outflow.

Combined with all the data since July 14, the trend of northward capital outflow shows a sharp contraction, and then a steady small contraction. From the perspective of trend, the trend of northward capital outflow has come to an end.

This individual stock was bought by northward fund a quarter of current plate

From the position situation, from July to now, the northward funds have not only been greatly in and out, but also their allocation has changed greatly.

Wind data shows that as of August 10, the latest northbound capital shareholding ratio of Bafang shares (accounting for the proportion of circulating a shares) has reached 24.11%, ranking first in the two markets. Rough calculation, northbound capital has already held nearly a quarter of the companys circulating disk.

As a sub IPO target, the history of Bafangs share holding by northward capital is not long.

Wind data shows that the initial holding data of Bafangs northbound capital was June 15 this year, with an initial holding of 118400 shares. Since then, BEIXIANG capital has greatly increased its holdings of Bafang shares in more than two months. As of August 10, BEIXIANG capital held 7.2355 million shares, with an increase of 6011.07%.

Change chart of the amount of capital holdings in the north direction of Bafang shares

According to the public information, Bafang mainly engaged in electric bicycle motors and supporting electrical systems. According to the analysis of Everbright Securities Research Report, the company is one of the few enterprises in the world that master the technology of torque sensor, and the technology of central motor has barriers. The main market of the companys products is Europe and America and Japan, accounting for about 1 / 4 of the market share in Europe and the United States.

Why does northbound fund continue to increase its position significantly? In fact, since July, the non bank finance, machinery and equipment and automobile industries, which had not been significantly sought after by northward funds, have also been favored, with octagonal shares of machinery and equipment as the representative.

Guosheng securities statistics show that in July, the northward capital inflow and outflow were large, the non heavy position plate inflow was the top, and the consumer plate was sold intensively.

MSCI quarterly adjustment results to be announced soon

On the news, MSCI, the international index compilation company, will announce the quarterly index review results in August on August 12 local time, and the change results will take effect after the closing of August 31.

According to MSCIs previous announcement, the quarterly review does not involve changes in A-share inclusion factors. However, MSCI may adjust the transfer in or out of some A-shares according to the Shanghai and Shenzhen Stock connect, and the specific arrangements shall be subject to the MSCI announcement.

According to Wang Hanfengs strategy team of CICC, the adjustment of MSCI is a quarterly index review with a smaller scope and range (the semi annual index review in May and November each year will be more comprehensive, and the adjustment range will be larger at that time). Therefore, the expected change and impact of the index adjustment will be relatively mild.

Nevertheless, CICC believes that there are still some changes that deserve attention. According to the MSCI index adjustment method and standard, and referring to the closing price on July 24 as the measurement benchmark, and taking into account the additional requirements for the A-share component stocks to be the northbound investable target of interconnection and suspension of trading, CICC static calculation believes that there are four A-shares that meet the requirements of the index, namely Beijing Shanghai high-speed railway, Zhuo Shengwei, jindawei and Yingke medical. Considering the 20% Inclusion coefficient of a shares, the weights of the above-mentioned stocks are 0.085%, 0.1%, 0.053% and 0.05%. Further, based on the assumption that about $126.8 billion of passive funds are currently tracking the MSCI China Index (equivalent to 5% of the market value of the MSCI China Index), the corresponding potential passive capital inflow may be $107 million, 129 million, 66.71 million and 63.69 million. Source of this article: Yang Bin, editor in charge of Shanghai Securities News_ NF4368

Nevertheless, CICC believes that there are still some changes that deserve attention. According to the MSCI index adjustment method and standard, and referring to the closing price on July 24 as the measurement benchmark, and taking into account the additional requirements for the A-share component stocks to be the northbound investable target of interconnection and suspension of trading, CICC static calculation believes that there are four A-shares that meet the requirements of the index, namely Beijing Shanghai high-speed railway, Zhuo Shengwei, jindawei and Yingke medical.

Considering the 20% Inclusion coefficient of a shares, the weights of the above-mentioned stocks are 0.085%, 0.1%, 0.053% and 0.05%. Further, based on the assumption that about $126.8 billion of passive funds are currently tracking the MSCI China Index (equivalent to 5% of the market value of the MSCI China Index), the corresponding potential passive capital inflow may be $107 million, 129 million, 66.71 million and 63.69 million.