On March 2 local time, FTSE Russell, an internationally renowned index compilation company, announced the annual audit change results of FTSE China 50 index and FTSE China A50 Index. In this adjustment, the FTSE A50 Index newly included two bank stocks with a market value of 100 billion.
In addition, the newly announced positions of Norwegian government Global Pension Fund in 2021 include China Construction Bank Corporation(601939) , Industrial And Commercial Bank Of China Limited(601398) , China Merchants Bank Co.Ltd(600036) .
FTSE A50 Index includes two new bank stocks
FTSE China A50 Index includes three new A-share targets, namely Bank Of Ningbo Co.Ltd(002142) , Postal Savings Bank Of China Co.Ltd(601658) , China State Construction Engineering Corporation Limited(601668) . Meanwhile, Aier Eye Hospital Group Co.Ltd(300015) , China Life Insurance Company Limited(601628) , Eve Energy Co.Ltd(300014) were excluded from the FTSE China A50 Index and entered the FTSE China a150 index.
It is understood that the FTSE China A50 Index is composed of 50 stocks with the largest total market value in the Shanghai and Shenzhen stock exchanges, and a major factor affecting the adjustment is the change of market value, which means that the range share price will affect the transfer in and out of the constituent stocks of the index to a certain extent.
According to the data, the stock prices of the three newly eliminated targets have continued to decline and the market value has shrunk since the last index adjustment. Taking Aier Eye Hospital Group Co.Ltd(300015) as an example, since December 17, 2021, the stock price has fallen by 19.06%, and the market value has also fallen below the 200 billion yuan mark, from 231.5 billion yuan to 190.3 billion yuan. The three newly included A-share targets rose all the way in the same period.
The adjustment of FTSE China 50 index does not involve A-share stocks. Among them, three new targets are included in China overseas development, nongnongshan spring and Xiaopeng automobile; China iron tower, Geely Automobile and JD health are excluded.
In addition, FTSE Russell a150 index includes Aier Eye Hospital Group Co.Ltd(300015) , China Energy Engineering Corporation Limited(601868) , China Life Insurance Company Limited(601628) , Eve Energy Co.Ltd(300014) , Huaneng Power International Inc(600011) , Xinjiang Tianshan Cement Co.Ltd(000877) , Yankuang energy. Exclude Bank Of Ningbo Co.Ltd(002142) , Bloomage Biotechnology Corporation Limited(688363) , China State Construction Engineering Corporation Limited(601668) , Postal Savings Bank Of China Co.Ltd(601658) , Shenzhen Kangtai Biological Products Co.Ltd(300601) , Topchoice Medical Co.Inc(600763) , Zhejiang Dahua Technology Co.Ltd(002236) .
FTSE Russell A200 index includes China Energy Engineering Corporation Limited(601868) , Huaneng Power International Inc(600011) , Xinjiang Tianshan Cement Co.Ltd(000877) , Yankuang energy, excluding Bloomage Biotechnology Corporation Limited(688363) , Shenzhen Kangtai Biological Products Co.Ltd(300601) , Topchoice Medical Co.Inc(600763) , Zhejiang Dahua Technology Co.Ltd(002236) .
On the same day, FTSE Russell announced that in view of the opinions received by the index Committee from the independent advisory committee and other market entities, Russian securities would be removed from the FTSE Russell stock index series according to the index policy, and the adjustment would take effect from March 7.
overseas China fund overweight bank shares
The two major bank stocks were newly included in the FTSE China A50 Index, and Allianz China A-share fund, the world’s largest Chinese equity fund, also increased its position in January China Merchants Bank Co.Ltd(600036) .
As of January 31, the fund held China Merchants Bank Co.Ltd(600036) with a market value of USD 318 million and an increase of 10.10%. In the same period, the fund increased its position of Citic Securities Company Limited(600030) by 15.29% and slightly increased its position of Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Wuliangye Yibin Co.Ltd(000858) , Midea Group Co.Ltd(000333) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) . In addition, it has reduced its holdings of Contemporary Amperex Technology Co.Limited(300750) , China stock market news, Jinjiang International, Yunnan Energy New Material Co.Ltd(002812) .
Another overseas Chinese equity fund, Morgan Fund – China A-share opportunity a (cumulative), also has the presence of bank stocks in the top ten heavy positions of RMB, namely China Merchants Bank Co.Ltd(600036) , Bank Of Ningbo Co.Ltd(002142) . In January, Morgan fund did nothing about the two stocks and increased its position slightly Tongwei Co.Ltd(600438) ; Reduce positions in Contemporary Amperex Technology Co.Limited(300750) , Wuliangye Yibin Co.Ltd(000858) , Midea Group Co.Ltd(000333) three stocks.
announcement of the position of the world’s largest sovereign fund
On March 3, the Norwegian government global pension fund, the world’s largest sovereign fund, announced its position in 2021. By the end of 2021, the Norwegian government’s global pension fund had held a total of 676 Chinese stocks, with a closing market value of NOK 335 billion, equivalent to about RMB 238.6 billion, accounting for 3.8% of the overall fund assets.
Among them, the Norwegian government bought more Chinese stocks in the global pension fund positions, including Tencent holdings, Alibaba, meituan, China Construction Bank Corporation(601939) , Kweichow Moutai Co.Ltd(600519) , Industrial And Commercial Bank Of China Limited(601398) , China Merchants Bank Co.Ltd(600036) , Ping An Insurance (Group) Company Of China Ltd(601318) , JD and Yaoming biology.
Tencent holdings is the largest Chinese stock held by the Norwegian government’s global pension fund. By the end of 2021, the market value of the fund’s position in Tencent had reached 44.2 billion Norwegian kroner, equivalent to about 31.5 billion yuan.
