Since this year, although A-Shares have fluctuated greatly, the layout of foreign private placement has not slowed down. On the one hand, the number of managers is growing, on the other hand, 10 billion yuan managers are breaking the ice. Recently, the reporter of Securities Daily found from the website of China Securities Investment Fund Industry Association (hereinafter referred to as “China Foundation Association”) that Beijing Daotai Lianghe Private Equity Fund Management Co., Ltd. (hereinafter referred to as “Daotai Lianghe”) has successfully completed the registration and filing, which is also the first foreign private placement to complete the filing within the year.
In addition, according to the statistics of private placement network, up to now, the number of foreign private placement fund managers has reached 40; The first 10 billion yuan management scale of foreign private placement has also appeared. At present, the management scale of qiaoshui (China) investment, established in 2016, has officially exceeded 10 billion yuan, with 37 products under management.
A number of private placement people told the Securities Daily that from the perspective of the layout of foreign private placement on a shares, it shows that they are optimistic about the long-term opportunities of China’s A-Shares and clearly want to be long on China’s stock market. It can be expected that the future trend of A-Shares will still be full of more investment opportunities.
40 foreign private placement
managed 223 products in total
Recently, according to the China Foundation Association website, Daotai Lianghe has completed the registration and filing. As the first foreign private placement to be filed during the year, it has attracted much attention from the market.
Daotai Lianghe, with its office address in Haidian District, Beijing, has a registered capital of 15 million US dollars and a paid in capital of 3.75 million US dollars. It is a wholly foreign-owned enterprise. Its business scope includes private securities investment funds and private securities investment fof funds. The actual controller is dynamic technology lab Private Limited, and its legal representative and executive director are tanhapho. The person in charge of compliance risk control and information reporting of the company is Yuan Jing, who has successively worked in China Minsheng Banking Corp.Ltd(600016) Beijing Branch, private placement management department of China Foundation Association and CAIDA capital.
According to the latest data of private placement network, up to now, the number of foreign private placement managers who have completed the registration and filing has reached 40, and private placement with a management scale of more than 10 billion yuan has also ushered in ice breaking. As a foreign private placement with an earlier layout in the Chinese market, qiaoshui (China) investment has exceeded 10 billion yuan.
In terms of product management, the 40 foreign private placement managers managed 223 products in total, the largest number of which was qiaoshui (China) investment, with 37 products under management; Secondly, Hanya investment; There are 6 companies with management products ranging from 10 to 20, including Bisheng investment, Huili investment, UBS Investment, Runhui investment, Yuansheng investment and lubomai investment. The number of products managed by other foreign managers is less than 10.
It is worth mentioning that, according to the liquidation funds included in the data, 40 foreign private placement companies have liquidated a total of 51 products. Among them, the number of foreign capital liquidations, including future Yicai investment, Yuansheng investment, Anzhong investment, BlackRock investment and Schroder investment, is less than 5.
Lin Jiayi, CEO of Xuanjia finance, told the Securities Daily that the main strategy of foreign private placement of A-Shares is still the active stock long strategy. Although there are many sub strategies, they are mainly value investment, growth, trend speculation and other strategies. In addition, CTA strategy covers initiative and quantification. Although the scale is small, it is indispensable as a supplement to diversified configuration. Different strategies lead to different product management scale and liquidation.
most foreign private placement
optimistic about the long-term opportunities of A-Shares
In the past two years, some foreign private placement with all-weather strategy still have high enthusiasm for the allocation of Chinese assets, especially in the case of sharp fluctuations in A-Shares during the year, foreign private placement is still accelerating the layout.
Including Luke barrs, head of portfolio management at Goldman Sachs EMEA and mark haefele, global chief investment officer of UBS wealth management, all believe that the recovery of China’s stock market will be the highlight of emerging markets in 2022; The valuations of many high-quality enterprises in China are at historical lows, which is a good opportunity to build positions.
Huili investment Yu Chenjun is optimistic about the company with stable cash flow and bargaining power in the A-share market.
The Shanghai stock investment team of Hanya investment told the reporter of Securities Daily that in the short term, we judge that the market will play a game repeatedly between fundamentals and policies. However, with the decline of the index, the relative release of risks, entering the window of the “two sessions” and the release of the performance express of listed companies, the market will enter the bottom range and gradually anchor a new direction, The tools and density of policy will be a short-term catalyst for market sentiment.
Hanya investment said that it will pay attention to the upward prosperity of the short-term industry and strong anti cyclical, benefiting from the subdivision tracks and targets with stable growth and performance flexibility. From the bottom up, with the gradual stabilization of the price of raw materials in the upstream, the profit in the middle reaches is expected to hit the bottom and rise in the future. It is also optimistic about high-quality enterprises with sufficient downstream demand, strong pricing power and profit margin. “The Chinese market will continue to be optimistic in the medium and long term. It is expected that as China’s economy continues to integrate with the global economy, it will stand out in the epidemic by virtue of its supply chain advantages, realize the global layout and domestic alternative high-end manufacturing industry; new economic industries and targets benefiting from China’s consumption and structural adjustment, including new energy, consumption, medical services, science and technology, will also have better investment opportunities 。”
Rong Hao, wealth management partner of private placement paipai.com, told the Securities Daily that most foreign private placements are optimistic about the long-term opportunities of China’s a shares, and they are optimistic about and long China’s stock market in the outlook for 2022. In particular, Rebecca Patterson, head of qiaoshui investment research, believes that the Chinese market has increased liquidity. At present, the global investment in China is seriously insufficient, and the attraction of Chinese assets is prominent in all indicators.
