international index compilation company FTSE Russell recently released the quarterly review results in June 2022. Among them, Baiji Shenzhou was adjusted and included due to its A-share listing, and Wuxi Lead Intelligent Equipment Co.Ltd(300450) was eliminated due to insufficient foreign capital circulation p align = “center” Wuxi Lead Intelligent Equipment Co.Ltd(300450) rejected
Specifically, there are few A-share stocks involved in this adjustment. Baiji Shenzhou was included in the market index and FTSE global index due to its listing from Hong Kong stocks, while Wuxi Lead Intelligent Equipment Co.Ltd(300450) was excluded from the market index and FTSE global index due to insufficient foreign capital flow ; Hong Kong stocks Yingtong technology, Hongcheng environmental protection technology, Connett optics and uju holding were included in micro cap stocks due to IPO; In addition, the FTSE global index eliminated ST Shanhang B
according to the arrangement, the relevant adjustment will take effect after the closing on June 17, 2022. It is worth noting that this adjustment is not the final decision, and the final adjustment of all index constituent stocks will be subject to the results of the review as of June 3, 2022
FTSE Russell is the second largest index company in the world, with products covering about $15 trillion in assets (based on FTSE Russell index). Arne Staal, chief executive of FTSE Russell and head of benchmark and index business of the London Stock Exchange Group, said in an exclusive interview with the securities times that China has made a lot of efforts in opening up its capital market in recent years. In order to facilitate foreign investors to enter the Chinese market, a series of policies have been issued, including stock interconnection mechanism, bond connection mechanism, cancellation of QFII and rqfii investment quota restrictions, and addition of more investable products in QFII and rqfii mechanisms.
for the inclusion process of FTSE Russell’s Chinese A shares, the evaluation is based on two access channels for international investors to invest in a shares, namely, the unified QFII and rqfii mechanism and the stock interconnection mechanism in the future, the FTSE global stock index series will decide whether to further enhance the inclusion weight of A-Shares according to the feedback of international investors on the practical experience of substantial improvement in market operation. For example, in the stock interconnection mechanism, the holiday consistency between the mainland stock exchange and the Hong Kong stock exchange, and whether the investable scope can be extended to all a shares, so that the stock interconnection mechanism can provide more complete investment opportunities for foreign investorsP align = “center” foreign capital firmly holds the leader of lithium battery equipment
As the leader of lithium battery and photovoltaic equipment, Wuxi Lead Intelligent Equipment Co.Ltd(300450) 2021 achieved a net profit attributable to the parent company of 1.585 billion yuan, and the net profit attributable to the parent company in the first quarter of this year reached 346 million yuan, an increase of about 70% year-on-year. According to the company’s executives, lithium equipment accounted for more than 70% and photovoltaic equipment accounted for about 5% of the new orders signed by the company last year. Among them, the new equipment purchase orders from Contemporary Amperex Technology Co.Limited(300750) account for about 38%.
In terms of market performance, the new energy sector has adjusted since this year, with Wuxi Lead Intelligent Equipment Co.Ltd(300450) falling by more than 40% at one time, rebounding from the end of April however, foreign investors firmly held shares, and the shareholding ratio exceeded the maximum warning line for many times during the period as of May 19, the proportion of A-Shares held by foreign capital in Wuxi Lead Intelligent Equipment Co.Ltd(300450) was 26.62%; In addition, foreign investors hold more than 27% of the shares of Zhejiang Sanhua Intelligent Controls Co.Ltd(002050) , Centre Testing International Group Co.Ltd(300012) , Estun Automation Co.Ltd(002747) and more than 24% of the shares of Shandong Sinocera Functional Material Co.Ltd(300285) , Midea Group Co.Ltd(000333) , Glodon Company Limited(002410) , Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) , Guangdong Great River Smarter Logistics Co.Ltd(002930) and cha cha food.
according to the regulations of the exchange, when the proportion of foreign capital holdings exceeds 24%, the latest foreign capital holdings of the shares will be announced on the next trading day; After more than 28%, Shanghai and Shenzhen Stock connect suspended buying and could only sell; More than 30%, all foreign investment buying channels are closed and can only be sold
on May 20, 5, the volume and price of the A-share market rose together, and the northbound capital also broke through the recent sluggish trading atmosphere. On that day, it made a significant net purchase of more than 14.2 billion yuan, setting a new record for a single day in the year, with a total net purchase of more than 15.2 billion yuan during the week
According to the statistics of E company, undervalued bank stocks were favored by northbound funds again this week, with a net purchase of 3.1 billion yuan, of which China Merchants Securities Co.Ltd(600999) , Industrial Bank Co.Ltd(601166) , Ping An Bank Co.Ltd(000001) and other net purchases ranked first; Chemical industry and public utility 2 industries received a net purchase of more than 1 billion yuan, and China Yangtze Power Co.Ltd(600900) , Guanghui Energy Co.Ltd(600256) and other industries received a substantial net purchase. In addition, mechanical equipment, electrical equipment, automobile, household appliances and other industries received an increase of more than 100 million yuan in northbound capital, of which Byd Company Limited(002594) received a net purchase of about 900 million yuan.
