On October 30, Jianlang hardware, a Guangdong enterprise engaged in construction hardware industry, organized a telephone conference with 24 institutional investors. According to the information disclosed by Jianlang hardware, the relevant persons named point 72 asset management were included in the transfer on the same day. Behind this commonplace name is the family office of Wall Street magnate Steve Cohen. Steve Cohen is the prototype of American TV series billions. He is praised as Michael Jordan in hedge fund industry by American media, and can be called a famous figure on Wall Street.
Stock price trend of Jianlang hardware
For Yin Jianzhong, the director of Jianlang hardware, 72 oclock is just one of the many foreign-funded institutions he has received recently.
He believes that the shift has already taken place in May 2020. According to the index review results released by MSCI on May 13, Jianlang hardware was newly included in the MSCI China A-share onshore index. Although there is not much overseas funds to track the onshore index directly, this move of MSCI has been caught by some foreign institutions.
Yin Jianzhong found that after May, the scale of foreign investment research groups organized by overseas investment banks became larger and larger, and more and more institutions participated. According to choice data, on November 4, Jianlang hardware received surveys from 11 institutions, including international investment bank Goldman Sachs, well-known Asian hedge funds, and European well-known hedge funds.
Since the beginning of this year, Fuda international stock market
According to wind data, from January 1, 2020 to November 26, 2020, A-share companies received 2253 surveys from foreign institutions, an increase of 40.81% compared with 1600 in the same period last year. The epidemic has not hindered the pace of foreign institutions to investigate A-shares. They have been constantly increasing the coverage of A-share listed companies.
According to Fuda international, there have been hundreds of investigations on A-share listed companies this year. Compared with last year, the number of events increased significantly. On the one hand, the company has increased the number of A-share analysts, on the other hand, the number of research fields participated by individual analysts has also increased significantly.
A-share companies investigated by some foreign institutions since November
According to a person from the Investor Relations Department of a growing TMT listed company, foreign institutions generally pay close attention to the companys financial quality, including the companys assets and liabilities, cash flow, etc., and some will ask very detailed questions, such as the statistical caliber of the companys financial data.
More and more foreign research on a shares is just a microcosm. With the opening of asset management market in China, foreign investment in A-share market is becoming more and more convenient. In order to make money, we must enhance our research ability.
According to the reporter, in 2020, many foreign investors will make further research on A-shares, and gradually transition from blue chip white horse to growth oriented company, and the geographical location of the research will also go north and deep into the second tier cities and the third, fourth and fifth tier cities. The market value of Jianlang hardware is 39.82 billion yuan, and the total market value of the above TMT companies is about 50 billion yuan. This proves that foreign investors no longer favor blue chips and white horses with big eyes, but their tastes are becoming diversified.
In addition, the optimistic view of foreign institutions on A-share in 2021 may also explain the recent hot of foreign A-share research. Mike Shiao, chief investment officer of Jingshun investment Asia (excluding Japan), recently expressed his opinion that Chinas stock market will usher in a bumper year in 2021. Chinas economy continues to recover, and consumers play a key role in promoting economic recovery. The dual cycle helps China build a strong domestic market and open up to the outside world. Investors are expected to increase the structural allocation of Chinese stocks in view of Chinas market growth expectations, rising importance of the index and wider investment scope. With the increasing scale of Chinas market and more and more broad opportunities, more and more investors will focus on China. Editor: Li Ruoyu Wang Zhuying source: China Securities Journal Author: Wu JUANJUAN responsible editor: Zhong Qiming_ NF5619
In addition, the optimistic view of foreign institutions on A-share in 2021 may also explain the recent hot of foreign A-share research.