Recently, the fact that the elderly in recent 70's owe tens of millions in financing and stock speculation has attracted market attention. Superimposed on the recent continuous decline of A-Shares and the continuous reduction of the balance of the two financial institutions in the past week, some investors are worried about the overall risk of the two financial institutions. In this regard, a number of brokers told the first financial reporter that at present, most of the two financial institutions in the market have not touched the warning line. Investors can pay attention to the maintenance proportion in the credit account at any time. If they are close to the warning line, they need to pay attention to risks.
The balance of two financial institutions in Shanghai and Shenzhen began to decrease continuously since January 18, and fell to less than 1.8 trillion yuan on January 20. As of January 24, the balance of margin trading in Shanghai and Shenzhen stock markets was 1.78 trillion yuan. In the past week, among the 31 primary industries of Shenwan (version 2021), only one industry of beauty care had a positive net purchase amount of financing, which obtained a preference for leveraged funds, while five industries were net sold by securities lending.
the balance of two financial institutions continued to decline
Since 2022, the A-share market has fluctuated downward. As of January 25, the Shanghai composite index had fallen 5.68%, the Shenzhen composite index had fallen 6.71% and the gem index had fallen 10.46%. Among them, on January 25, the above three indexes all fell by more than 2.5%.
Under the declining market, the balance of margin trading and securities lending began to decrease continuously from January 18 to less than 1.8 trillion yuan on January 20.
As of January 24, the balance of margin trading in Shanghai and Shenzhen stock markets was 1.78 trillion yuan, accounting for 2.96% of the circulating market value of a shares. Among them, the balance of financing was 1.67 trillion yuan and the balance of securities lending was 103.155 billion yuan.
In the context of the continuous decline of the scale of two financing in the whole market and cautious risk preference in the credit market, after the recent multi-year dispute that the elderly in their 70s owe tens of millions of yuan to securities companies for financing and stock speculation, some investors are worried that the number of financing and stock explosion cases may increase and lead to the risk of "trampling" in the market.
"The overall data of our business department is far from the warning line. Some customers are close to the warning line. We have made a notice and left marks as required." An executive of the business department of a large securities firm told the first financial reporter.
Another broker said that at present, most of the two financial markets have not touched the warning line.
The reporter tried to consult the Shanghai Business Department of another head securities firm as an investor. The person from the business department said that the overall two financial risks are not easy to comment. The two financial accounts have a maintenance proportion. If the maintenance proportion is far from the early warning line or closing line, it is relatively safe. If it is close, you need to pay attention to the following risks.
According to him, in the past, the market had a unified reference standard for the two financial early warning lines and closing lines, that is, 140% of the early warning line and 130% of the closing line (i.e. maintaining the guarantee ratio lower than 130%), but after joining the two financial targets of the science and innovation board and the gem, according to the different concentration of innovation and entrepreneurship targets held by investors, securities companies will also set different thresholds for the closing line and early warning line of the two financial, At the same time, each securities firm will set different early warning lines and closing lines according to its own situation, including the risk assessment of collateral.
favored or abandoned
So, in the declining week of the two financial scales, which are the stocks favored by leveraged long funds and which are bearish stocks?
According to the data, based on the scale of the two financing transactions from January 18 to January 24, 2022 (the same below), the two financing transactions amounted to 356.749 billion yuan, accounting for 6.60% of the average A-share turnover, including 338.150 billion yuan of financing purchases and 18.598 billion yuan of securities lending sales.
From the perspective of industry, among the 31 primary industries of Shenwan (version 2021), the financing balance of pharmaceutical, biological, electronic, non bank finance, power equipment, computer and other industries ranked first from January 18 to January 24, with 155.029 billion yuan, 143.366 billion yuan, 142.520 billion yuan, 136.780 billion yuan and 102.951 billion yuan respectively. Over the same period, the financing balance of non-ferrous metals, comprehensive, agriculture, forestry, animal husbandry and fishery, computer, national defense and military industry accounted for more than 3% of the circulation market value.
In the same period, among the 31 industries, only one beauty care industry had a positive financing net purchase amount, and the other 30 industries were negative; There are five industries with positive net sales of securities lending, namely architectural decoration (38.9002 million yuan), commercial retail (37.6927 million yuan), coal (10.6246 million yuan), social services (2.8095 million yuan) and petroleum and Petrochemical (944100 yuan).
In terms of individual stocks, from January 18 to January 24, 2022, among the 2255 two financial targets, 860 stocks had a positive financing net purchase amount, accounting for 38%. Among them, Qinghai Salt Lake Industry Co.Ltd(000792) (000792. SZ), Contemporary Amperex Technology Co.Limited(300750) (300750. SZ), Longi Green Energy Technology Co.Ltd(601012) (601012. SH), Byd Company Limited(002594) (002594. SZ), Daqin Railway Co.Ltd(601006) (601006. SH) the net financing purchase amount of five stocks is more than 200 million yuan.
In the past week, among the stocks with a sharp increase in financing balance, Qinghai Salt Lake Industry Co.Ltd(000792) and Maiwei Biology (688062. SH) had the largest changes, up 281.79% and 108.32% respectively; The increase range of Beijing Dataway Horizon Co.Ltd(301169) (301169. SZ) and Zhejiang Xianju Pharmaceutical Co.Ltd(002332) (002332. SZ) is more than 50%. Among the stocks with a sharp decline in financing balance, Zwsoft Co.Ltd(Guangzhou)(688083) (688083. SH) and Jiayuan Technology (301117. SZ) decreased by more than 40%, and 10 stocks such as Aohua endoscope (688212. SH), Shanghai Zj Bio-Tech Co.Ltd(688317) (688317. SH), Fujian Supertech Advanced Material Co.Ltd(688398) (688398. SH) decreased by more than 30%.
In the same period, there were 808 stocks with positive net sales of securities lending (RMB 10100 and above), and the net sales of securities lending of four stocks Shandong Shida Shenghua Chemical Group Company Limite(603026) (603026. SH), Changchun High And New Technology Industries (Group) Inc(000661) (000661. SZ), Maiwei Biology (688062. SH) and xidiwei (688173. Sh) ranged from 70 million yuan to 100 million yuan.
In the past week, among the stocks with a sharp increase in securities lending balance, Black Peony (Group) Co.Ltd(600510) (600510. SH), Shenma Industry Co.Ltd(600810) (600810. SH), Qinghai Salt Lake Industry Co.Ltd(000792) increased by more than 130 times, and 9 stocks such as City Development Environment Co.Ltd(000885) (000885. SZ), Inner Mongolia Xingye Mining Co.Ltd(000426) (000426. SZ), Tibet Tianlu Co.Ltd(600326) (600326. SH) increased by more than 10 times; Among the stocks with a sharp decline in the balance of securities lending, Zhejiang Taifu Pump Co.Ltd(300992) (300992. SZ), Xi'An Sinofuse Electric Co.Ltd(301031) (301031. SZ), Yantai Ishikawa Sealing Technology Co.Ltd(301020) (301020. SZ) and other 26 stocks decreased by 100%.
