?? China Fund News reporter Yao Bo
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Hong Kong stock fell to its low since 2011, what opportunities did institutions find?
China Fund News reporter counted changes in the equity of the Stock Exchange and the holding data of Hong Kong Stock Connect since September. It was found that some sectors and individual stocks have become the focus of foreign capital and the bottom increase of positions at the Hong Kong Stock Connect. industrial capital , which understands the best value of the industry, has also frequently increased its holdings. Some layouts have proven to be prescient, such as before the recent surge in pharmaceutical stocks, domestic and foreign capital has long increased its positions.
Industrial capital is accelerating its stake in
? Industrial capital is the closest to the industry. After the company's stock price plummeted, in addition to companies actively carrying out repurchases, many bigwigs also frequently took the initiative to increase their holdings. For example, Yun Music, which has been falling prices since its listing at the end of last year, has been increased by its founder Ding Lei. Since September, Ding Lei has increased his holdings in Yun Music by 369,300 shares in 18 times, spending HK$27.16 million.
htmlIn October, as Hong Kong stock prices further fell, industrial capital increased frequently, and company executives or actual controllers showed signs of accelerated increase in holdings. Since October, Hong Kong real estate company Xinhe Real Estate Chairman Huang Zhixiang html has 4 minutes and 4 times increased its holdings by 108,000 shares in 4 minutes. Jiantao Group has obtained the actual controller Hallgain company to increase its holdings by 450,000 shares for HK$10.26 million. Jewelry company Liufu Group has obtained the chairman Huang Weichang to increase its holdings by 1.07 million shares for HK$10.37 million. Automobile dealership company Zhongsheng Holdings has obtained the chairman Huang Yi to increase its holdings by 7.89 million shares for HK$9.52 million. Financial companies whose price ofhit a new low were also increased by shareholders. This year, the stock price of Haitong International has been falling, and the stock price has hit a low since 2009, down 70% from the 2021 high. On October 7, Haitong International Securities obtained the actual controller's increase in holdings of 3 million shares for HK$1.98 million. Huaxing Capital hit the lowest since its listing in 2018 in October this year. On October 3, the company's founder Bao Fan once again invested 258,500 yuan to increase its holdings of 40,000 shares; in September, Bao Fan spent a total of 45.9 million Hong Kong dollars to increase his holdings of 5.69 million shares in 15 sessions.
The company bosses in trouble were still reducing their holdings for financing in September, but this type of reduction was significantly reduced in October. Gome Retail’s major shareholder Huang Guangyu and his wife reduced their holdings on September 14 and September 15, selling 1.528 billion shares in three times and cashing out HK$295 million. Fosun system Guo Guangchang has reduced his holdings in Hong Kong stocks many times, and in early September, he reduced his holdings in Zhaojin Mining and Fosun Tourism Culture, cashing out HK$632 million. ?
The world's largest asset management has taken action?
has currently created an opportunity to increase positions, and foreign institutions have taken frequent moves recently.
JPMorgan Chase has increased its holdings in Hong Kong stocks many times since September, and has increased its holdings in GAC Group , China Property Insurance, Forlet Glass, Jiangsu Ninghu Expressway , Ideal Automobile, WuXi Biologics, China Aluminum , Kailaiying and Via Biologics . The increase in the holdings in the industry is mainly concentrated in medicine, automobiles, raw materials, finance and transportation.
In terms of the amount of increase in position, JPMorgan Chase’s largest increase in holdings was WuXi Biologics, which bought 9.36 million shares on September 13, involving a capital of approximately HK$500 million. As the leader in pharmaceutical outsourcing, WuXi Biologics was hit by 20% severely by geopolitical on the same day, and was regarded by Motong as a good opportunity to increase its position. At present, after a month of deficits in the market and a sharp expectation of performance of , WuXi AppTec, which is also a WuXi Group, WuXi AppTec, has risen to the price when MoTong took action.
The world's largest asset management institution, BlackRock, has taken action to increase its holdings in three companies, namely Angang Co., Ltd. , Fosun Pharma and CNOOC Oilfield Services , with a total cost of HK$89.95 million. Among them, the largest increase in holdings was CNOOC Oilfield Services, which increased its holdings by 8.03 million shares at HK$66.6 million on September 13.
In addition, UBS increased its stake in Zhaoyan Pharmaceutical for HK$5.13 million, and Citi increased its stake in HTSC, a parent company of Huatai Securities, for HK$3.61 million. Standard Chartered Trust ( Singapore ) increased its holdings in domestic real estate stock Xuhui Holdings Group in early September, increasing its holdings by 2 million shares for HK$3.83 million. Overall, foreign institutions prefer medicine, energy, raw materials, automobiles and other fields. ?
Hong Kong Stock Connect prefers real estate, medicine and electricity?
Judging from the changes in Hong Kong Stock Connect holdings, domestic capital's preference for increasing positions is slightly different. Because of their more thorough understanding of local companies, domestic qualifications prefer high-quality real estate and other stocks.Since September, based on the increase in position ratio, the top ten stocks that are most favored by southbound funds are Baoxin Finance, GCL New Energy, Gome Retail, COSCO Hai Energy, Kaituo Pharmaceutical, Oriental Electric , Huadian International Electric Power Co., Ltd., Greentown China, Jiutai Bangda Energy and Hongye Futures .
According to the changes in holding market value, in the past month, the top ten stocks with the largest increase in domestic capital positions are China Overseas Development , Greentown China, Sansheng Pharmaceutical, New Oriental Online , China Resources Land , SenseTime, China Telecom , China Coal Energy , Haijiya Medical and COSCO HaiHuai Energy. It is worth noting that the increase in the market value of these top ten stocks held by domestic capital is mainly due to increasing holdings.
Among them, China Overseas Development has received 21 southbound funds to increase its holdings in the past month, with a total increase of 110 million shares. The proportion of Hong Kong Stock Connect in the free circulating share capital of increased from 18.82% to 21.56%; from October 12 to 14, Hong Kong Stock Connect increased its holdings by 18.99 million shares.
html, which has halved its stock price since September and has recently hit a new low since its listing, has become a "hot commodity" for the bottom of the southbound funds. The stock has been significantly increased by the Hong Kong Stock Connect in the past month, accounting for free-flowing share capital from 1.25% to 8.08%; from October 12 to 14, the Hong Kong Stock Connect increased its holdings by a total of 61.01 million shares.Overall, domestic investors mainly prefer real estate stocks such as China Overseas Development, China Resources Land and private enterprises such as Greentown China, power stocks such as Oriental Electric and Huadian International Electric Co., Ltd., pharmaceutical stocks such as Kaituo Pharmaceutical, Sansheng Pharmaceutical, and Haijiya Medical. Chinese companies such as COSCO Hai Energy, China Telecom, China Coal Energy and other stocks distributed in the fields of finance, energy, technology, etc. ?
