Recently, Xie Zhiyu, manager of Xingquan fund, and Li Xiaoxing, manager of Yinhua Fund, said in the live broadcast that “there is no particularly big risk in the current market” and “the valuation contraction is coming to an end”.
In the annual report disclosed by the institution, the reporter found that many private placement leaders expressed their long-term optimism for A-Shares through practical actions. Ningquan asset Yangdong has significantly increased its holdings of several public funds, including Nanfang science and technology innovation board, Boshi science and technology innovation board, Jiashi Ruihong, etc; Deng Xiaofeng, chief investment officer of Gaoyi assets, continued to significantly increase the position of cyclical stocks, while Feng Liu heavily invested in the traditional Chinese medicine industry, and laid out the direction of real estate, household appliances, chips and so on.
ningquan asset Yangdong significantly increased its holdings of public offering products
The A-share market continued to fluctuate and adjust, and some private equity leaders increased their positions against the trend in the process of adjustment, expressing their optimism about the A-share market.
With the disclosure of the annual report of the fund in 2021, the information of fund holders will be exposed. The reporter of the Securities Times found that Yang Dong, a 10 billion private placement boss, significantly increased his holdings of a number of public fund products last year, including Nanfang science and innovation board, Boshi science and innovation board, harvest Ruihong, etc.
According to the data, by the end of 2021, ningquan Zhiyuan No. 39 private equity fund and ningquan Zhiyuan No. 58 private equity fund under ningquan assets were the top ten holders of the South Science and innovation board in three years, with holding shares of 5.5738 million and 20.449 million respectively. Among them, ningquan Zhiyuan No. 39 private equity fund has newly become the top ten holders of the South Science and innovation board in three years, and ningquan Zhiyuan No. 58 private equity fund has increased its holdings of 154743 million fund shares.
Coincidentally, Boshi tech Innovation Board has also been favored by Yang Dong, a private equity tycoon. Ningquan Zhiyuan No. 39 private equity fund and ningquan Zhiyuan No. 58 private equity fund under ningquan assets are also the top ten holders of Boshi tech innovation board in three years. By the end of 2021, the holding shares were 7.054 million and 226929 million respectively. Among them, ningquan Zhiyuan No. 39 private equity fund has newly become the top ten holders of Boshi science and innovation board in three years, while ningquan Zhiyuan No. 58 private equity fund has also significantly increased its fund shares, with an increase of 11.401 million shares.
In addition, Jiashi Ruihong will open for three years, Jiashi Ruixi for three years and bocom Schroeder Ruisi for three years also won its key positions.
Deng Xiaofeng continues to significantly increase his position in cyclical stocks
Deng Xiaofeng, chief investment officer of Gaoyi assets, has been paying attention to cyclical stocks for a long time. The latest data show that Deng Xiaofeng continued to significantly increase his positions in Zijin Mining Group Company Limited(601899) of cyclical stocks during the fourth quarter of last year.
According to the data, Gao yixiaofeng Hongyuan collective fund trust plan continued to increase its positions in a large number of Zijin Mining Group Company Limited(601899) , with the latest holding of 290 million shares. China stock market news increased its holding of 2352600 shares, with the latest holding of 51371200 shares.
In addition to the fund, the fund has also acquired a new entry into the fund, which also includes Aecc Aero-Engine Control Co.Ltd(000738) 2 obtained 11.072 million new positions.
Gao Yi, Xiaofeng, Hongyuan, latest position of collective fund trust plan
Gaoyi Xiaofeng No.2 letter fund, another large-scale private equity fund managed by Deng Xiaofeng, also appeared in the list of the top ten shareholders of many listed companies at the end of 2021. Among them, Zijin Mining Group Company Limited(601899) obtained an additional 7 million shares held by the fund, holding 483 million shares, and the positions of Rianlon Corporation(300596) , Zhonghang Electronic Measuring Instruments Co.Ltd(300114) , Chengdu Haoneng Technology Co.Ltd(603809) , Xiamen Amoytop Biotech Co.Ltd(688278) , etc. remained unchanged.
Gao yixiaofeng No.2 letter to fund latest position
Feng Liu, the managing director of Gaoyi assets, still held a heavy position in the traditional Chinese medicine industry in the fourth quarter of last year, and laid out the direction of real estate, household appliances, chips and so on Beijing Tongrentang Co.Ltd(600085) , China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) and other traditional Chinese medicine shares were held by them, of which China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) was increased by 7 million shares .
Gao yilinshan No.1 Yuanwang fund’s latest position
institutional outlook post holiday A-Shares
After a period of rapid adjustment of market valuation, brokerage institutions are not pessimistic about the A-share market in April.
Huatai Securities Co.Ltd(601688) believes that under the three-point marginal improvement, the sentiment of A-Shares after the festival is expected to be repaired, but it needs to wait for the rebound to reverse. Specifically, the current conflict between Russia and Ukraine has eased and the marginal decline of inflation expectations; Overseas liquidity pressure is in a phased window period; In April, with the relatively stable epidemic situation in China and the expected strength of monetary policy, under the three-point marginal improvement, Huatai Securities Co.Ltd(601688) believes that the A-share sentiment is expected to recover after the Qingming holiday. However, considering that the growth rate of corporate profits in the second quarter is still in the downward period, and the Fed’s interest rate increase and even the table contraction in May will still disturb the market, it may be difficult for the A-share market to deduce a sustained strong rebound.
Everbright Securities Company Limited(601788) said that the first quarterly report may become a watershed in the market. The market may have a relatively positive performance in April. On the one hand, quarterly results are still the supporting factor of the market, on the other hand, policies and other factors will also promote the repair of risk appetite. However, after the first quarterly report, the market may face some downward pressure. Under the downward pressure of profits, it is difficult for the market to have a positive performance, and the inflection point may not appear until the bottom of the economy. The upward opportunity comes from the improvement of risk appetite brought by the easing of China US relations.
Citic Securities Company Limited(600030) pointed out that Chinese investors’ concerns about fundamentals persisted and reached the extreme with the outbreak in March, but this round of Shanghai epidemic has been supported by the whole country. The development of the situation in overseas Russia and Ukraine is moving towards long-term, but the main impact is still on the inflation side, and irrational panic is obviously improving. The CSRC also launched a consultation on promoting the deepening of cross-border regulatory cooperation. The marginal diffusion space of pessimism in China concept shares is limited. The above negative factors have been the consensus expectation of the market. It is difficult to observe a worse emotional impact than the current expectation in the future. At the same time, the marginal impact of the epidemic is weakened. The rebound of economic fundamentals under the force of policies is the general trend, and the pessimistic expectation of the market has been fully reflected.
Citic Securities Company Limited(600030) it is expected that the position adjustment of investors will be sufficient, and the medium-term repair market in the second and third quarters is to be opened. According to the calculation of private placement network, at the end of March, 23.42% of the 10 billion private placement positions were between 50% and 80%, and 13.64% of the 10 billion private placement positions were less than 50%. Since March, the 10 billion private placement positions have decreased by 1.51% compared with the beginning of the month. The funds with relative timing space in the market have significantly reduced their positions before, and the outflow of allocated foreign capital is close to the historical limit, close to March 2020.
Structurally, institutional funds have significantly increased the allocation of undervalued industries and sectors Citic Securities Company Limited(600030) said that the periodic adjustment of position structure and position in this round of market has reached the extreme, and the medium-term repair market in the second and third quarters is ready to start.
