Since the beginning of this year, the overall market has fluctuated violently, especially since March, which has led to a significant retreat of some private placement products under head private placement, with individual retreats even reaching about 20%.
Under this pressure, on the one hand, some private equity funds began to negotiate to reduce the stop loss line. On the other hand, there are market rumors that some private placement products of private placement bosses are suspected to be cleared, which has also aroused great concern in the market.
However, in the context of the recent confusion of relevant information, the private placement ranking network data showed that as of April 1, the stock private placement position index was 75.29%, an increase of 0.93% compared with last week.
Further, since March 11, the 10 billion stock private placement position index has risen for three consecutive weeks and returned to more than 80% again. At present, the position level of private placement of 10 billion shares is 1.71% higher than the average position level of 79.5% in March, and 2.72% higher than the lowest position of 78.49% in March.
Insiders said that from the information transmitted by the above signals, during the year, under the influence of multiple adverse factors, the market volatility once intensified, and the mood also plummeted to the freezing point. However, with the improvement of mood, positive signals are gradually emerging, and private institutions have begun to use “real gold and silver” to long the market.
private placement positions further rebounded
According to the data of private placement network, as of April 1, the stock private placement position index was 75.29%, 0.93 percentage points higher than the position increase last week.
Specifically, at present, 56.67% of the stock private placement positions are more than 80%, 23.27% of the stock private placement positions are between 5-80%, and another 20.06% of the stock private placement positions are less than 50%, including 5.78% of the stock private placement positions are less than 20%.
On the whole, after the sharp decline in early March, the market began to stabilize and build a bottom since the middle of March, and the overall position index of stock private placement has also ushered in three consecutive rises. At present, the position level of stock private placement has increased by 0.63 percentage points compared with the overall position level in March and 1.66 percentage points compared with the lowest position of 73.63% in March.
In terms of scale, the current position index level of large-scale stock private placement is significantly higher than that of small and medium-sized stock private placement. Among them, the position index of 10 billion stock private placement is the highest and the intensity of position increase is the largest. The latest position index of 10 billion stock private placement is 81.21%, 1.68 percentage points higher than that of last week. At present, 67.85% of the 10 billion stock private placement positions exceed 80%, 19.07% of the 10 billion stock private placement positions are between 50% and 80%, and 13.08% of the 10 billion stock private placement positions are less than 50%, including 1.68% of the 10 billion stock private placement positions are less than 20%.
10 billion private placement is relatively optimistic
It is not difficult to find that the position increase of 10 billion stock private placement is a week earlier than that of private placement as a whole. Since March 11, the 10 billion stock private placement position index has increased for three consecutive weeks and returned to more than 80% again. At present, the position level of private placement of 10 billion shares has risen by 1.71 percentage points compared with the average position level of 79.5% in March, and 2.72 percentage points compared with the lowest position of 78.49% in March.
Private equity investors have been optimistic about the market for 300 million months.
For example, Liang Hui, general manager of Xiangju capital, once said that “combined with the overall position of the market, it is judged that it is already at the bottom of the range, and the falling space has been compressed enough. There is no reason to be depressed. It is time to regain confidence”.
Gathering capital also applies this judgment to practical action. Liang Hui said, “based on our confidence in the long-term and stable development of China’s capital market and our full confidence in our own investment management ability, we bought our own products full warehouse”.
In terms of net worth, the relevant data of private placement network showed that as of April 8, the net worth of 1292 private placement funds (according to the latest net worth data) was less than 0.85 yuan. At the end of March, there were 2138 private equity funds with a net value of less than 0.85 yuan. In contrast, since April, the net value of 846 private placement products has rebounded to more than 0.85 yuan. As a result, the investment pressure of many private placements has been significantly relieved. Further, according to the statistics of 43120 subjective long product performance in Chaoyang sustainable private placement database, in the past month, the yield of 10 billion private placement still ranks first, and for a long time, the performance winning probability of 10 billion private placement is higher than that of other scale private placement.
In addition, according to the institutional research in 2022, the stock most concerned by 10 billion private placement is “medical equipment Mao” Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) , which seems to show that its investment returns to core assets such as high-quality leaders. Ten billion private placement still pays the most attention to the growth stocks in the market, but the attention to value stocks has increased significantly.
positive signal flashing
In fact, with the end of the market in the first quarter, the filing data of private equity funds in the first quarter came out.
Statistics show that in January, February and March this year, the number of private securities funds recorded was 2654, 1360 and 2491 respectively. Compared with February, the number of private securities funds recorded in March increased by 83.16%.
In addition, in terms of the number of registered funds, according to the data of private placement network, in the first quarter, there were 82 private placement managers with a number of 10 or more new development funds, of which more than 30 new development funds were only Alabama assets, huasoft new power, Lingding investment and xingkuo investment in Meishan bonded port area, and the maximum number of registered funds was 50.
76 10 billion private placements, including faner investment, Yanfu investment and Xuanyuan investment, issued 728 funds this year, accounting for only 11.54%. In other words, 10 billion private placement is not the main force of new base issuance this year, and another 39 10 billion private placement have no new base issuance during the year. The number of 26 10 billion private equity new development funds in the first quarter, including ningquan assets, Yinye investment, black wing assets and Shenyi investment, was 10 or more; The number of 10 billion private placement funds such as Mingyu investment, kuantou assets, Xuanyuan investment and Yanfu investment was more than 20 during the year.
In view of the above, According to the analysis of a private placement researcher, “there are three reasons for the recovery of private placement filing data in March. First, the number of private placement filing data decreased in February due to holiday factors, and the base number was low; second, the geopolitical conflict tended to ease in late March, China’s policy area pole signal was released, the performance of listed companies was revealed one after another, and the market sentiment improved significantly; third, China’s risk-free return is still in the downward channel, and the cost performance of equity assets is higher in horizontal comparison.”
From the signal behind the recovery of the recorded data, although the market volatility has increased significantly under the influence of multiple adverse factors and the sentiment has once dropped to the freezing point, the positive signal is gradually emerging with the improvement of sentiment.
