In 2021, the Shanghai Composite Index, Shenzhen Composite Index and gem index rose by 4.80%, 2.67% and 12.02% respectively. For the first time in history, the three major indexes shared three consecutive positive annual lines, and the market showed a significant structural market. According to choice data, the cumulative net inflow of northbound funds in 2021 was 432.169 billion yuan, a record annual net inflow, including 193.727 billion yuan for Shanghai Stock connect and 238.442 billion yuan for Shenzhen Stock connect. In 2021, northbound capital lost about 11.4 billion yuan.
In 2021, northbound capital ranked first in terms of increased positions in power equipment, electronics and banking industries, and reduced positions in food and beverage by more than 11 billion yuan. In terms of individual stocks, the number of shares held by 1165 stocks increased and the position of 989 stocks was reduced, of which the position increase amount for Contemporary Amperex Technology Co.Limited(300750) was the largest and the position reduction amount for Kweichow Moutai Co.Ltd(600519) was the largest.
great changes in the top ten heavy positions of northbound funds
In 2021, the net inflow of funds from the north will break a number of records. Specifically, according to the choice data, the cumulative net inflow in 2021 was 432.169 billion yuan, a record annual net inflow; In December, the net inflow was 88.992 billion yuan, a monthly record high; From December 6 to December 12, 2021, the weekly net inflow was 48.834 billion yuan, a weekly record high; On May 25, 2021, the net inflow was 21.723 billion yuan, a record high in a single day. In 2021, northbound funds showed a monthly net inflow, of which the net inflow in April, may and December exceeded 50 billion yuan. monthly net inflow of northbound funds in 2021 source: choice
From the perspective of northbound capital holdings, choice data show that by the end of 2021, the market value of northbound capital positions was 2.76 trillion yuan, and the market value of positions increased by 420.8 billion yuan throughout the year. Compared with the annual net inflow of 432.169 billion yuan, northbound capital lost about 11.4 billion yuan in 2021. The number of shares held by northbound capital at the beginning of the year was 2262, but as of December 31, the number of shares held by northbound capital increased to 2422. In 2021, 160 shares newly included in Shanghai and Shenzhen Stock connect were increased by northbound capital.
Under the background of the general correction of core assets in 2021, the top ten heavy warehouse stocks of northbound funds changed in 2021, Longi Green Energy Technology Co.Ltd(601012) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , China Yangtze Power Co.Ltd(600900) entered the top ten heavy warehouse stocks, Contemporary Amperex Technology Co.Limited(300750) advanced 7 places to the second place, Jiangsu Hengrui Medicine Co.Ltd(600276) , Gree Electric Appliances Inc.Of Zhuhai(000651) , Ping An Insurance (Group) Company Of China Ltd(601318) , Foshan Haitian Flavouring And Food Company Ltd(603288) no longer ranked among the top ten heavy warehouse stocks of northbound funds.
At the beginning of 2021, only Kweichow Moutai Co.Ltd(600519) , China Merchants Bank Co.Ltd(600036) , Contemporary Amperex Technology Co.Limited(300750) of the top ten heavy positions of northbound capital rose in 2021, while all other stocks fell, of which Jiangsu Hengrui Medicine Co.Ltd(600276) fell by more than 45%, and Gree Electric Appliances Inc.Of Zhuhai(000651) , Ping An Insurance (Group) Company Of China Ltd(601318) , Foshan Haitian Flavouring And Food Company Ltd(603288) fell by more than 30%. Among the top ten heavyweight stocks of BEIXIANG capital at the beginning of 2021, Midea Group Co.Ltd(000333) , China Tourism Group Duty Free Corporation Limited(601888) , China Merchants Bank Co.Ltd(600036) , Contemporary Amperex Technology Co.Limited(300750) , Foshan Haitian Flavouring And Food Company Ltd(603288) obtained BEIXIANG capital to increase their positions in 2021, with an increase of 159 million shares, 9.027 million shares, 443 million shares, 69.5341 million shares and 74.9271 million shares respectively. Kweichow Moutai Co.Ltd(600519) , Jiangsu Hengrui Medicine Co.Ltd(600276) , Wuliangye Yibin Co.Ltd(000858) , Gree Electric Appliances Inc.Of Zhuhai(000651) , Ping An Insurance (Group) Company Of China Ltd(601318) were reduced by northbound funds in 2021, and the number of reduced shares were 14672100 shares, 7897700 shares, 14450600 shares, 466 million shares and 131 million shares respectively. northbound capital top ten heavy positions in early 2021 source: choice
Among the top ten heavyweight stocks of northbound capital at the end of 2021, Longi Green Energy Technology Co.Ltd(601012) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , China Yangtze Power Co.Ltd(600900) newly entered into the top ten heavyweight stocks received northbound capital increase in 2021, with an increase of 318 million shares, 36518300 shares, 184 million shares and 400 million shares respectively. In 2021, Longi Green Energy Technology Co.Ltd(601012) , Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) , China Yangtze Power Co.Ltd(600900) newly entered the top ten heavyweight stocks increased by 31.19%, – 10.16%, – 4.57% and 22.71% respectively. It can be seen that the key for Longi Green Energy Technology Co.Ltd(601012) , China Yangtze Power Co.Ltd(600900) to enter the top ten heavyweight stocks is to rise and be overweight, while the key for Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , Inner Mongolia Yili Industrial Group Co.Ltd(600887) to enter the top ten heavyweight stocks is to fall less and be overweight more. northbound capital top ten heavy positions at the end of 2021 source: choice
From the perspective of northbound capital’s position increase in industries in 2021, the data show that based on the estimation of shareholding changes and average transaction price of individual shares, northbound capital increased its position in 25 industries and reduced its position in 6 industries in 2021, of which power equipment is the industry with the largest amount of position increase in northbound capital, reaching 124.651 billion yuan. Meanwhile, the power equipment industry is also the industry with the largest increase in 2021, and food and beverage is the industry with the largest amount of capital reduction in the north, reaching 14.953 billion yuan. In the case that the northbound capital will significantly increase the position of the power equipment industry in 2021, the power equipment industry will replace the food and beverage industry and become the largest heavy position industry of northbound capital at the end of 2021, and the food and beverage industry will become the second largest heavy position industry. increase and decrease of northbound funds in various industries in 2021
warehouse increase Contemporary Amperex Technology Co.Limited(300750) nearly 35 billion yuan
position reduction Kweichow Moutai Co.Ltd(600519) over 28 billion yuan
From the perspective of changes in the shareholding of northbound funds, choice data shows that by the end of 2021, the number of shares held by northbound funds in 1165 stocks had increased in 2021. Excluding the new stocks entering Shanghai Stock connect and Shenzhen Stock connect in 2021, the number of shares held by northbound funds in 65 stocks had increased by more than 100 million. The Zijin Mining Group Company Limited(601899) with the largest number of shares increased by 775 million shares, and the number of shares held by East Money Information Co.Ltd(300059) and Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) had increased by 537 million shares respectively 529 million shares.
In terms of market performance, only Beijing-Shanghai High Speed Railway Co.Ltd(601816) and Agricultural Bank Of China Limited(601288) among the top ten stocks increased by northbound capital holdings in 2021 decreased. In 2021, they decreased by 14.14% and 0.59% respectively. Other stocks rose, Inner Mongolia Baotou Steel Union Co.Ltd(600010) increased the most, with a cumulative increase of 138.46%. top ten shares increased by northbound capital holdings in 2021
Source: choice
Under the circumstance that northbound funds increased their positions by more than 430 billion yuan in 2021, nearly 1000 stocks were still reduced by northbound funds. According to the data of choice, in 2021, northbound funds reduced their positions in 989 stocks, of which 21 stocks reduced their positions by more than 100 million shares. The Boe Technology Group Co.Ltd(000725) with the largest number of shares reduced was reduced by 678 million shares, Gree Electric Appliances Inc.Of Zhuhai(000651) and Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) were reduced by 466 million shares and 403 million shares respectively.
In terms of market performance, most of the top ten stocks with reduced positions in northbound funds in 2021 fell, Yonghui Superstores Co.Ltd(601933) fell the most, with a cumulative decline of 43.33% in 2021 and the largest increase in Weichai Power Co.Ltd(000338) , with a cumulative increase of 15.91% in 2021. top ten shares of northward capital reduction in 2021 source: choice
In terms of the increase and decrease of holdings, wind data shows that based on the estimation of shareholding changes and the average transaction price of individual shares, the increase of holdings of Contemporary Amperex Technology Co.Limited(300750) , Longi Green Energy Technology Co.Ltd(601012) , China Merchants Bank Co.Ltd(600036) by northbound funds in 2021 ranks first, with net purchases of 34.858 billion yuan, 27.732 billion yuan and 22.906 billion yuan respectively. In addition, the increase in Shenzhen Inovance Technology Co.Ltd(300124) also exceeded 22 billion yuan. In 2021, most of the top ten stocks increased by northbound funds, with the largest increase of Contemporary Amperex Technology Co.Limited(300750) and the largest decrease of Midea Group Co.Ltd(000333) . top ten shares of northbound funds in 2021
According to the data, based on the estimation of shareholding changes and the average transaction price of individual shares, the reduction amount of Kweichow Moutai Co.Ltd(600519) , Gree Electric Appliances Inc.Of Zhuhai(000651) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) by northbound funds in 2021 ranked first, with net sales of 28.221 billion yuan, 19.874 billion yuan and 13.919 billion yuan respectively. In 2021, most of the top ten stocks with the amount of capital reduction from the North fell, with Ping An Insurance (Group) Company Of China Ltd(601318) falling the most, 40% in 2021 and Weichai Power Co.Ltd(000338) rising the most. 123567 {share reduction before 2021}
In addition, according to choice data, 160 stocks newly included in Shanghai Stock connect and Shenzhen Stock connect were increased by north capital in 2021, including 154 million shares in China Energy Engineering Corporation Limited(601868) 2021 and 83.1113 million shares and 66.3831 million shares in China Railway Signal & Communication Corporation Limited(688009) and China Three Gorges Renewables (Group) Co.Ltd(600905) 2021 respectively. among the newly included stocks in Shanghai and Shenzhen Stock connect in 2021 the top ten shares of north capital holdings source: choice
(China Securities Journal)
