As a representative of overseas long-term funds, QFII’s every move has attracted much market attention. With the disclosure of annual reports of A-share listed companies, the latest position of QFII surfaced.
As of March 22, among the listed companies that have disclosed their annual reports, QFII appeared on the list of the top ten circulating shareholders of 73 listed companies, of which 41 companies became the “new favorite” of QFII in the fourth quarter of last year.
It is worth noting that Zijin Mining Group Company Limited(601899) , which was jointly increased by social security fund and investment boss Deng Xiaofeng in the fourth quarter of last year, has also won the favor of Abu Dhabi Investment Bureau, a mysterious local tyrant in the Middle East. This institution bought 140 million shares of Zijin Mining Group Company Limited(601899) , becoming the tenth largest circulating shareholder of this share.
qfii appears in 71 A-share companies
According to China stock market news choice, as of March 22, QFII had appeared in 71 A-share listed companies, including 13 companies holding more than 10 million shares, mainly involving non-ferrous metals, machinery, basic chemicals, electronics and other industries.
In terms of the number of shareholders, five companies have obtained three or more QFII holdings, of which Changzhou Galaxy Century Microelectronics Co.Ltd(688689) is jointly held by five QFII.
Specifically, UBS, France Industrial Bank Co.Ltd(601166) and China International Finance Hong Kong Asset Management Co., Ltd. hold 1077000 shares, 378000 shares and 314000 shares respectively Changzhou Galaxy Century Microelectronics Co.Ltd(688689) , ranking among the top three circulating shareholders of the company respectively. CITIC Lyon Asset Management Co., Ltd. and Huatai financial holding (Hong Kong) Co., Ltd. hold 267000 shares and 169000 shares respectively.
In terms of shareholding ratio, QFII holds more than 2% of shares in 16 companies, among which Bloomage Biotechnology Corporation Limited(688363) , with the highest shareholding ratio of 12.16%. In addition, QFII holds more than 5% of shares in Anhui Heli Co.Ltd(600761) , Changzhou Galaxy Century Microelectronics Co.Ltd(688689) and Chongqing Zaisheng Technology Co.Ltd(603601) .
In terms of position changes, QFII entered the list of the top ten circulating shareholders of 41 shares in the fourth quarter of last year. Specifically, QFII holds more than 10 million shares in three stocks, including Zijin Mining Group Company Limited(601899) , Bestsun Energy Co.Ltd(600681) and Hengdian Group Dmegc Magnetics Co.Ltd(002056) and so on. In addition, QFII increased its holdings of Chongqing Zaisheng Technology Co.Ltd(603601) , satellite chemistry, Shandong Hongchuang Aluminum Industry Holding Company Limited(002379) and other stocks in the fourth quarter of last year, with an increase of 7.309 million shares, 5.744 million shares and 3.41 million shares respectively.
asset management giant A shares “good heart” exposure
As one of the world’s largest sovereign wealth funds, Abu Dhabi Investment Bureau did not release the annual evaluation report for the first time until 2010, and its early investment strategy and portfolio have not been known. Therefore, it is also known as “mysterious local tyrant player in the Middle East”.
In fact, Abu Dhabi Investment Bureau, a “local tyrant in the Middle East”, has always been keen on investing in the A-share market. According to public information, Abu Dhabi Investment Bureau was established and held by the United Arab Emirates in 1976. At present, the asset management scale is about US $800 billion. As of March 22, Abu Dhabi Investment Bureau held four A shares, namely Zijin Mining Group Company Limited(601899) , China stock market news, China Merchants Property Operation & Service Co.Ltd(001914) and Hithink Royalflush Information Network Co.Ltd(300033)
Among them, Abu Dhabi Investment Bureau bought 140 million shares Zijin Mining Group Company Limited(601899) , becoming the tenth largest circulating shareholder of the shares in the fourth quarter of last year. Public information shows that Zijin Mining Group Company Limited(601899) is a mining group focusing on the exploration and development of metal mineral resources such as gold and copper and the application research of engineering technology. In 2021, it realized an operating revenue of 225102 billion yuan, a year-on-year increase of 31.25%, and a net profit attributable to the parent company of 15.673 billion yuan, a year-on-year increase of 140.8%.
It is worth noting that in the fourth quarter of last year, the social security fund significantly increased its holdings of Zijin Mining Group Company Limited(601899) , which is also the love stock of Deng Xiaofeng, the chief investment officer of Gaoyi assets, a well-known investor. By the end of last year, the three products managed by Deng Xiaofeng had a total of Zijin Mining Group Company Limited(601899) 940 million shares, an increase of 20.8 million shares compared with the end of the third quarter of last year.
According to the latest disclosed data, as of the end of the fourth quarter of last year, UBS held a total of 21 A shares, the largest number of A-Shares held by QFII In terms of shareholding, UBS holds more than 10 million shares in Chongqing Zaisheng Technology Co.Ltd(603601) , Bestsun Energy Co.Ltd(600681) and Anhui Heli Co.Ltd(600761) respectively.
France Industrial Bank Co.Ltd(601166) is also a foreign capital holding a large number of a shares. As of the end of the fourth quarter of last year, France Industrial Bank Co.Ltd(601166) held a total of 7 A shares, namely Ningbo Yunsheng Co.Ltd(600366) , Fiyta Precision Technology Co.Ltd(000026) , Jiangsu Baichuan High-Tech New Materials Co.Ltd(002455) , Earth-Panda Advanced Magnetic Material Co.Ltd(688077) , Tangshan Sunfar Silicon Industry Co.Ltd(603938) , Changzhou Galaxy Century Microelectronics Co.Ltd(688689) and Beijing Sun-Novo Pharmaceutical Research Co.Ltd(688621) .
As of the end of the fourth quarter of last year, Morgan Stanley held three A shares, namely Trede, Fujian Kuncai Material Technology Co.Ltd(603826) and Shanghai Kaikai Industry Company Limited(600272) .
Overall, QFII’s investment scope is no longer limited to leading companies in some traditional industries, but to more and more small and medium-sized growth stocks.
The head of China investment business of a QFII institution in Shanghai said that in recent years, many foreign investors have been expanding their investment and research capacity in the Chinese market. The obvious change is that the number of stocks covered by foreign research and investment is much higher than in the past. “In the past, due to the limited investment channels, the concentration of foreign shares was very high. Now the investment channels have been greatly widened, which makes the layout of foreign capital in China cover a wider range and can go deep into many small and medium cap stocks. In addition, the optional targets in the Chinese market are also greatly improved, so that foreign capital can find more targets that meet their investment requirements.”
At the current time point, Bian CE, director of China investment business of Wellington investment management, said that with the escalation of geopolitical conflicts and the continuous turbulence of the global market, in such an environment, he believes that the low correlation between China’s onshore assets and the global market can help overseas investors effectively spread risks and increase excess returns. Compared with developed markets and emerging markets as a whole, the Chinese market is an investment opportunity that can not be ignored by overseas investors in 2022.
trillion fund running admission, what targets did TA buy
In recent years, not only the rapid development of public and private placement has provided a “trickle of living water” for the capital market, but also trust funds with a large volume have begun to enter the market.
According to the latest data released by China Trust Industry Association, the proportion of capital trust invested in the securities market has increased significantly since 2020, with a year-on-year increase of 2.95 percentage points at the end of 2020 and 8.5 percentage points at the end of 2021. According to the annual report data disclosed by listed companies, trust funds increased their positions in Zijin Mining Group Company Limited(601899) , Wanhua Chemical Group Co.Ltd(600309) , China Jushi Co.Ltd(600176) and other cyclical stocks in the fourth quarter of last year.
Insiders said that at present, the “policy bottom” of the market has been clear. The next period of time is the shock bottom stage of the stock index, and individual stocks will be significantly differentiated. Companies with rising prices of some products, such as coal, chemical and other enterprises, and industries with good growth, such as new energy, have greater opportunities.
trust funds running into the market
According to the latest statistics of China Trust Industry Association, by the end of 2021, the scale of fund trusts in the whole industry was 15.01 trillion yuan, and the proportion of fund trusts invested in the securities market increased significantly.
Specifically, affected by the development of the capital market, the non-standard transfer of asset management products, the diversification of investor demand and other factors, the proportion of capital trust invested in the securities market has increased significantly since 2020. At the end of 2020, the proportion was 13.87%, an increase of 2.95 percentage points year-on-year. At the end of 2021, the proportion reached 22.37%, an increase of 8.5 percentage points year-on-year, and the ranking in all investments has also jumped from the fifth to the second in 2020, Second only to industrial and commercial enterprises.
From the weekly data, trust funds are still running. According to the data of usufruct trust, last week (March 14-march 20), despite the increased volatility of the A-share market, the establishment scale of financial trust was RMB 6.994 billion, an increase of 61.31% month on month, accounting for 57.96%.
annual report reveals investment direction
Where did the trust fund go? Recently, the intensively disclosed annual reports of listed companies have surfaced their whereabouts.
According to the data of Dongcai choice, as of March 22, trust funds appeared in the list of the top ten shareholders of 10 listed companies. From the perspective of industry distribution, cyclical stocks are favored.
In terms of the breakdown of last year’s . In addition, the trust funds labeled with flexibility also reduced their holdings of Lanzhou Ls Heavy Equipment Co.Ltd(603169) , which actively entered the new energy market, at a high level in the fourth quarter of last year.
Wu Zhaoyin, director of macro strategy of AVIC trust, said that at present, the “policy bottom” has been clear, but the “market bottom” still needs a long time to reach. Therefore, in the future, the probability is the shock bottom stage of the stock index. There is little room for the index to rise and fall, but individual stocks will be significantly differentiated. Especially at the time point when the annual report and the first quarterly report of listed companies are released intensively, some stocks with stable performance, low valuation and high dividend yield will be favored by funds, while the stocks with poor performance and high valuation may continue to decline under the condition of the game of stock funds. Relatively speaking, companies with price increases of some products, such as coal and chemical industry, and industries with good growth, such as new energy, have greater opportunities.
