Near the end of the fourth quarter, it is time for major indexes to review sample stocks. In December, a series of indexes, including CSI 300, SSE 50 and CSI 500, will be regularly adjusted.
It is worth noting that the China Securities Index company recently issued an announcement to adjust the time rule for gem securities to enter the index sample space to be listed for more than one year (the original rule was that the listing time was more than three years). The change of this rule means that more GEM stocks may meet the inclusion conditions for regular adjustment of the index.
adjustment of preparation rules of CSI 300
On November 19, China Securities Index Co., Ltd. decided to revise the rules of the sample space of the CSI 300 index and adjust the time rule for gem securities to enter the sample space of the index to more than one year (the original rule was three years). The rest of the programming remains unchanged. The above amendments will be implemented at the next periodic adjustment of the sample (December 13, 2021).
China Securities Index Co., Ltd. said that the gem reform and pilot registration system was officially implemented in August 2020. Under the new issuance and trading system, the gem operates smoothly and is widely recognized by the market. In order to further adapt to the development and changes of China’s capital market and respond to the market voice, the time for gem securities to enter the sample space of Shanghai and Shenzhen 300 index is adjusted to one year, which is consistent with the entry rules of science and Innovation Board securities, which improves the representativeness of the index market and significantly enhances the consistency of index rules.
The revision of this rule will have a certain impact on the prediction of the index adjustment list in December 2021. Therefore, several securities companies recently updated the prediction of the CSI 300 and CSI 500 index adjustment list in December 2021.
Yihai Kerry Arawana Holdings Co.Ltd(300999) , Imeik Technology Development Co.Ltd(300896) and other GEM stocks
or will be included in the Shanghai and Shenzhen 300 index
Tianfeng Securities Co.Ltd(601162) the quantification team said that the change in the sample space rules of the CSI 300 index means that more GEM stocks may meet the inclusion conditions.
Specifically, Tianfeng Securities Co.Ltd(601162) believes that 26 stocks will be adjusted in the constituent stocks of the CSI 300 index. The new GEM stocks that may be transferred in more than one year and less than three years are Yihai Kerry Arawana Holdings Co.Ltd(300999) , Maxscend Microelectronics Company Limited(300782) , Imeik Technology Development Co.Ltd(300896) , Pharmaron Beijing Co.Ltd(300759) and Anker Innovations Technology Co.Ltd(300866) . The specific list is as follows:
Huaxi Securities Co.Ltd(002926) the metalworking team also predicts that there will be 26 constituent stocks adjusted in the CSI 300 index in this period, of which Contemporary Amperex Technology Co.Limited(300750) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Yihai Kerry Arawana Holdings Co.Ltd(300999) , Imeik Technology Development Co.Ltd(300896) and other stocks may enter the index.
Tianfeng Securities Co.Ltd(601162) and Huaxi Securities Co.Ltd(002926) in this forecast, the list of most transferred stocks is consistent, and there are differences on only one stock subject.
Tianfeng Securities Co.Ltd(601162) predicts that Qi An Xin Technology Group Inc(688561) – u will be transferred to the CSI 300 index, while Huaxi Securities Co.Ltd(002926) predicts that Winner Medical Co.Ltd(300888) will be transferred to the CSI 300 index.
In addition, the SSE 50 index is not affected by the rule adjustment this time. According to the calculation of Huaan Securities Co.Ltd(600909) metalworking team, it is expected that five stocks such as China Telecom Corporation Limited(601728) , Great Wall Motor Company Limited(601633) , Cosco Shipping Holdings Co.Ltd(601919) , Zhangzhou Pientzehuang Pharmaceutical Co.Ltd(600436) and China Three Gorges Renewables (Group) Co.Ltd(600905) will be transferred into SSE 50 index, while five stocks such as Foxconn Industrial Internet Co.Ltd(601138) , China Minsheng Banking Corp.Ltd(600016) , China United Network Communications Limited(600050) , Shandong Gold Mining Co.Ltd(600547) and Zhongtai Securities Co.Ltd(600918) are expected to be transferred out of SSE 50 index.
it should be noted that the above prediction results are only for investors’ reference, and the final results should also be subject to the final list published by China Securities Index company.
or “event trading opportunity”
With the continuous growth of institutional investors, index funds have developed rapidly in recent years. Therefore, the regular adjustment of broad-based index sample stocks has attracted more and more attention of market funds.
China Securities Co.Ltd(601066) Securities believes that with the inclusion or elimination of index constituent stocks, various funds tracking the index, such as ETF fund and lof fund, will adjust the fund position accordingly. For tracking important indexes with large fund scale, the fund’s position adjustment has an important impact on adjusting the price of sample stocks, which will produce event trading opportunities.
Huachuang securities also believes that the adjustment of index constituent stocks will produce price effect and trading volume effect. Generally speaking, the price and trading volume of newly transferred in and transferred out stocks will change after the adjustment list is published. For newly transferred component stocks, there will be a rise in share price and trading volume. For the transferred out stocks, it is reflected in the decline of stock price and the decrease of trading volume.
(Shanghai Securities News)
