Foreign capital has always been regarded as "smart money" in the A-share market. In 2021, the net purchase amount of northward capital reached a new high. In this year's growth stocks play a leading role and white horse consumption is relatively weak, what changes have taken place in the shareholding of northbound funds?
sold 430 billion
record high
According to the data of East Money Information Co.Ltd(300059) choice, as of December 31, the net inflow of northward funds in 2021 was as high as 432.2 billion yuan, a sharp increase of 223.3 billion yuan or 106% compared with 208.9 billion yuan last year. At the same time, it also set a new record of annual historical net purchases.
From a plate perspective, East Money Information Co.Ltd(300059) choice data show that in 2021, northbound funds no longer favor big blue chips alone, but growth and value .
The market value of sector increased by TOP10
Among the top 10 in the market value of increased holdings in the sector, the largest increase in the market value of northbound holdings is electronic components, with a market value increase of more than 50.5 billion yuan. Secondly, the market value of bank holdings also increased by 46 billion yuan, and the market value of software development, chemicals and auto parts also increased by more than 30 billion yuan.
From the perspective of sector style, in 2021, northbound not only increased its holdings of traditional value blue chip sectors such as banking, medical treatment, food and household appliances, but also increased its holdings of growth stock industries such as electronic components, software development, auto parts, special equipment and Internet.
The market value of sector decreased by TOP10
According to the data of East Money Information Co.Ltd(300059) choice, among the top 10 decreases in the market value of the sector, the largest decrease in the market value is the brewing industry, up to 28 billion yuan. Secondly, the market value of computer equipment also decreased by 15.5 billion yuan, and the market values of airports, general equipment and real estate also decreased by 6.1 billion yuan, 5.1 billion yuan and 3.8 billion yuan respectively.
It is worth noting that the North has differentiated the food sector. The market value of food and beverage has increased by 17.1 billion yuan and the market value of wine sector has decreased by 28 billion yuan, indicating that the north is more optimistic about non alcohol food and beverage stocks.
According to the latest research report, the inflow of foreign capital continues to remain strong in 2021, and even exceeds that of previous years in scale. From the perspective of the industry characteristics of shareholding and allocation, the current absolute position of foreign capital is still concentrated in consumer stocks, which are still the plate with the highest absolute proportion of foreign capital holdings; However, from the perspective of trend, the allocation of foreign capital to China's manufacturing industry has increased rapidly. More than half of the net purchases of northward funds this year have gone to the midstream manufacturing industry.
increase in market value of shareholding top30
From the perspective of stock market value changes, East Money Information Co.Ltd(300059) choice data show that Contemporary Amperex Technology Co.Limited(300750) is the largest increase in the market value of northbound capital holdings. Since this year, it has soared by 72.1 billion yuan, accounting for 3% of the proportion of circulating shares, while the values of China Merchants Bank Co.Ltd(600036) , Longi Green Energy Technology Co.Ltd(601012) and other stock markets have also increased by more than 20 billion yuan.
decrease in shareholding market value top30
According to the data of East Money Information Co.Ltd(300059) choice, the largest decrease in the market value of northbound shares was Gree Electric Appliances Inc.Of Zhuhai(000651) , and the market value of shares evaporated by 45.3 billion yuan, accounting for nearly 8% of the proportion of circulating shares. In addition, Jiangsu Hengrui Medicine Co.Ltd(600276) , Ping An Insurance (Group) Company Of China Ltd(601318) , Kweichow Moutai Co.Ltd(600519) , Sany Heavy Industry Co.Ltd(600031) and other Baima Longtou's North holding market value also fell to varying degrees.
However, it is worth noting that the decline in market value is not necessarily caused by the reduction of North holdings. For example, Midea Group Co.Ltd(000333) , the proportion of North holdings in circulating shares increased by 2.39% over the beginning of the year.
shareholding proportion increased top30
From the perspective of the change in the proportion of northbound shares in tradable shares, East Money Information Co.Ltd(300059) choice data show that Gongniu Group Co.Ltd(603195) has the highest proportion of northbound capital holdings this year, and the proportion of tradable shares increased by more than 18%, while the proportion of individual shares increased by more than 14%, such as Proya Cosmetics Co.Ltd(603605) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , Qingdao Haier Biomedical Co.Ltd(688139) , Guangdong Great River Smarter Logistics Co.Ltd(002930) .
Among the stocks with the highest proportion of northbound holdings, many "doubled" bull stocks have also emerged, such as the leader of automobile air suspension system Shanghai Baolong Automotive Corporation(603197) . The proportion of northbound Holdings has soared by nearly 8% since this year, with an annual increase of more than 110%; In addition, the annual growth of several stocks such as car camera leader Lianchuang Electronic Technology Co.Ltd(002036) , smart connector Shenzhen Topband Co.Ltd(002139) , power digital concept stock Longshine Technology Group Co.Ltd(300682) also doubled.
In addition to Gongniu Group Co.Ltd(603195) , Proya Cosmetics Co.Ltd(603605) and other traditional big white horses, northbound capital has also actively explored and subdivided the leaders of the hard core technology industry, and achieved good returns.
decrease in shareholding ratio top30
According to the data of East Money Information Co.Ltd(300059) choice, the highest proportion of northward capital reduction this year is Deppon Logistics Co.Ltd(603056) , with a decrease of more than 11%, followed by Jinyu Bio-Technology Co.Ltd(600201) , with a decrease of more than 10%.
The proportion of shares held by Proya Cosmetics Co.Ltd(603605) , Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , Qingdao Haier Biomedical Co.Ltd(688139) Guangdong Great River Smarter Logistics Co.Ltd(002930) also decreased by more than 7%.
China International Capital Corporation Limited(601995) : why do foreign investors buy
China International Capital Corporation Limited(601995) according to the latest research report, there are three major trends behind the large inflow of foreign capital in 2021:
First, growth is still resilient, and China is still one of the world's most growing assets.
Second, China's manufacturing industry is "emerging", and there is still room for configuration.
Third, capital market reform continued to deepen. The two-way opening of the capital market is expected to continue to improve.
China International Capital Corporation Limited(601995) said that looking forward to 2022, the Chinese and foreign economic cycle will "reverse" again, with China's growth rising and overseas growth falling, increasing the attraction of Chinese assets; Overseas supply chain risks still exist, which will bring sustained high inflation, put pressure on RMB appreciation, and promote foreign capital to allocate Chinese assets; The above-mentioned long-term and structural factors continue to play a role. China's high growth, high competitiveness of manufacturing industry and further opening of capital market are expected to continue to attract foreign capital inflows.
