An important fund shareholder of Contemporary Amperex Technology Co.Limited(300750) and the largest overseas Chinese equity fund sold again, reducing its holdings of Contemporary Amperex Technology Co.Limited(300750) by 18.58% in October.
Recently, Allianz China A-share fund, the largest overseas Chinese equity fund, announced the latest position. In October, Allianz China A-share fund reduced its holdings of the top ten heavyweight stocks. The reduction of Contemporary Amperex Technology Co.Limited(300750) and Yunnan Energy New Material Co.Ltd(002812) reached 18.58% and 11.92% respectively.
According to the data, Allianz China A-share fund increased its position once again in September after reducing its holdings for three consecutive months in June, July and August. In October, the fund reduced its position Contemporary Amperex Technology Co.Limited(300750) . As of December 3, the fund had a scale of about 77.827 billion yuan, making it the largest Chinese stock fund for overseas stocks.
Why did you reduce your holdings of Contemporary Amperex Technology Co.Limited(300750) in October?
The information disclosure materials of the fund for some market investors revealed some traces.
Xinpi wrote that the fund’s performance in October exceeded the benchmark (MSCI China A-share onshore index). Compared with the rapid industry rotation in the third quarter, the market was relatively calm in October. Stock selection contributed to the main income of this month. Stocks from technology, industry, optional consumption and other industries contributed greatly to the earnings of this month. In terms of individual stocks, the largest contribution is only the stocks of global lithium battery leading companies. In October, the stock price hit a new high. The strong demand for batteries has benefited this stock and the entire electric vehicle industry. By the end of the month, the company’s performance had exceeded expectations.
10 a cro company is a drag on revenue. The company’s share price soared in September, and some investors took profits from it. Overall, Allianz China A-share Fund believes that this company will benefit from the continuous improvement of pharmaceutical R & D investment in the world and China.
Although the fund did not give the name of the “lithium battery leader” company in the letter Phi materials, institutional people believe that this probability is the first heavy position Contemporary Amperex Technology Co.Limited(300750) . Data show that the stock price of Contemporary Amperex Technology Co.Limited(300750) in October has risen by 21.59%. According to the letter Phi materials, perhaps the fund was worried about the stock price overdraft expectation, so it chose to reduce its holdings.
By the end of October, the top ten heavy positions of the fund included Contemporary Amperex Technology Co.Limited(300750) , East Money Information Co.Ltd(300059) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) , Citic Securities Company Limited(600030) , Yunnan Energy New Material Co.Ltd(002812) , Wuliangye Yibin Co.Ltd(000858) , China Merchants Bank Co.Ltd(600036) , Hangzhou Tigermed Consulting Co.Ltd(300347) , Asymchem Laboratories (Tianjin) Co.Ltd(002821) .
fund new warehouse logistics unit
In the letter Phi materials, the fund wrote that the sentiment of China’s stock market recovered in October, and the market believed that Evergrande’s debt problem would not spread. In addition, the market also believes that the regulatory policies in the field of science and technology will be settled, and the most difficult time for the market has passed. Renewable energy has become the focus of the market, Cecep Solar Energy Co.Ltd(000591) and electric vehicle related stocks have performed strongly since the fourth quarter. Part of the reason behind this is the “lack of electricity”. This further strengthens the importance of energy self-sufficiency and reducing the use of fossil fuels to achieve China’s “carbon emission” goal.
Investors once again pay attention to the real estate industry. Allianz China A-share Fund believes that real estate prices may decline steadily, but they will not suddenly “collapse”. The weakening of the real estate industry, coupled with the shortage of power and chips, there are signs of slowdown in economic growth. It is expected that loose monetary policy and targeted fiscal support policy will be introduced to provide a foundation for the economy.
The basic situation is that the policy will be more conducive to the stock market in the coming months. The fund newly built a stock of logistics / express company. Affected by the weak economy, the share price of this stock has nearly halved this year. It will continue to increase its market share and there is room for further improvement in its profit margin, especially its recent large M & A.
After several months of tug of war on the eve of the National Day holiday, S.F.Holding Co.Ltd(002352) successfully acquired the controlling stake of Kerry Logistics. S.F.Holding Co.Ltd(002352) completed the seven month acquisition trip and finally acquired Kerry Logistics at the price of HK $17.5 billion, which is equivalent to RMB 14.6 billion.
By the end of October, compared with MSCI China A-share onshore index, the first high allocation industry of Allianz China A-share fund was optional consumption, and the first low allocation industry was finance.
the third largest donation of Chinese universities
On December 3, Contemporary Amperex Technology Co.Limited(300750) issued the announcement on the controlling shareholder’s free donation of some shares of the company, saying that after receiving the notice from the controlling shareholder Ningbo Meishan free trade port Ruiting Investment Co., Ltd., in order to support the development of education, Ningbo Ruiting plans to donate 2 million shares of the company it holds to the education development foundation of Shanghai Jiaotong University, accounting for 0.09% of the total share capital of Contemporary Amperex Technology Co.Limited(300750) .
The actual controller of Ningbo Ruiting is Zeng Yuqun, the founder and chairman of Contemporary Amperex Technology Co.Limited(300750) .
Contemporary Amperex Technology Co.Limited(300750) was founded in December 2011. In May 2018, Contemporary Amperex Technology Co.Limited(300750) was listed on the gem. The latest market value has reached 1.6 trillion yuan. Zeng Yuqun, who holds 24.53% of the shares, has a net worth of nearly 400 billion yuan.
According to the latest closing price of 687 yuan, the stock donated by Ningbo Ruiting has a market value of 1.374 billion yuan.
This is the largest donation received by Shanghai Jiaotong University so far and the third largest donation accepted by Chinese universities, second only to the two donations accepted by Tsinghua University.
In 2020, Vanke shareholders donated 200 million Vanke shares to Tsinghua University Education Foundation at one time, with a value of about RMB 5.3 billion at that time, which is the largest single donation to the University Foundation in China. In 2018, the Foundation founded by Yang Guoqiang, founder of country garden group, announced that it would donate RMB 2.2 billion to Tsinghua University in 10 years.
JPMorgan Chase flagship China Fund increased its position Contemporary Amperex Technology Co.Limited(300750)
In sharp contrast to Allianz China A-share fund, JPMorgan Funds – China A-share Opportunities Fund I (ACC) – HKD, JPMorgan’s flagship China fund, increased its position in October. Among them, the range of Contemporary Amperex Technology Co.Limited(300750) is as high as 100%, that of Wuliangye Yibin Co.Ltd(000858) 949.13%, and that of Longi Green Energy Technology Co.Ltd(601012) is as high as 1179.05%. In addition, the fund also increased its position by Inner Mongolia Yili Industrial Group Co.Ltd(600887) 43.35%.
JPMorgan Chase said in an interview that it was optimistic about “carbon neutral” renewable energy and other topics, calling these areas investment areas with strong certainty. In October, it seems that all in new energy is gaining momentum.
The latest scale of this fund exceeds 50 billion yuan, which is JPMorgan’s flagship China Fund.
additional positions of Schroeder flagship fund Jiangsu Hengrui Medicine Co.Ltd(600276) 244.40%
The latest management scale of Schroder international selection fund China a accumulation (USD) under Schroder, a European asset management giant, is US $5.639 billion, about 35.953 billion yuan.
The fund increased its positions in many stocks in October. Among the top ten heavyweight stocks, the increase was Oppein Home Group Inc(603833) 26.51% and Jiangsu Hengrui Medicine Co.Ltd(600276) 244.40%.
On December 3, the medical insurance negotiation results in 2021 were officially announced. A total of 74 drugs were added to the catalogue and 11 drugs were transferred out. From the negotiation results, a total of 94 drugs (67 outside the catalogue and 27 inside the catalogue) were successfully negotiated, of which the average price reduction of 67 outside the catalogue was 61.71%.
After the negotiation results were released, the overall market was relatively stable. Some analysts believe that this may be because the market’s attitude towards medical insurance negotiation has become more tolerant, and the stock prices of large biological pharmaceutical enterprises have included expectations.
For example, Jiangsu Hengrui Medicine Co.Ltd(600276) a total of 7 products are included in medical insurance this time. As of the closing on December 3, 2021, Jiangsu Hengrui Medicine Co.Ltd(600276) only rose 0.29% to 49.20 yuan.
Compared with the phased high at the beginning of the year, Jiangsu Hengrui Medicine Co.Ltd(600276) the latest closing price is 49.20 yuan, which has been halved. Recently, whether pharmaceutical stocks have fallen out of value has also become the focus of the market. Schroeder’s flagship fund gave its own answer with funds.
reduction of China’s flagship fund of Fidelity International Ping An Insurance (Group) Company Of China Ltd(601318)
The latest scale of Fidelity Funds – China Consumer fund a-acc-usd, the flagship China fund of Fidelity International, is about US $5.246 billion, about RMB 33.447 billion.
The fund reduced its holdings of some heavy positions in October. For example, among the top ten heavyweight stocks, Tencent holdings, Alibaba, Kweichow Moutai Co.Ltd(600519) and meituan were slightly reduced. It significantly reduced its holdings of Ping An Insurance (Group) Company Of China Ltd(601318) (Hong Kong stocks), with a reduction range of 7.47%. Over the same period, the fund significantly increased its holdings of AIA group, another insurance leader in Asia, by 10.87%. In addition, the fund also increased its holdings of Mengniu Group, Li Ning and Ctrip.
UBS asset management flagship China fund reduces its holdings in Alibaba
In October, UBS (Luxembourg) China select Equity Fund (USD) reduced its holdings of 7 of the top 10 heavyweight stocks, and the remaining 3 remained unchanged. Among them, Tencent holdings, China Construction Bank Corporation(601939) and Alibaba reduced their holdings by 7.76%, 6.14% and 15.35% respectively.
There are many differences in the operation of overseas top flow Chinese stock funds. For the A-share trend in the fourth quarter and next year, the market has not formed consistent expectations. When consensus has not yet been reached, it may be when the risks of the market are all low. How the market will perform in the last few weeks of 2021 can only wait for time to reveal the answer.
(China Fund News)
