1. Trading tips
1. The transaction between Shanghai and Shenzhen cities is 0.95 trillion yuan. On the disk, auto parts and industrial machinery stocks are full of vitality, coal, petrochemical, photovoltaic, lithium battery, military, gas, steel, and power sectors have been built, and the semiconductor plate has rebounded; The catering tourism, aviation, and insurance sectors have been adjusted, and China has reached a new low in the stage of exemption. Northbound funds sold a net of 1.075 billion yuan, Tianqi Lithium suffered a large net sale of 632 million yuan, Sanhua Zhikong anti-package up and down was reduced by 361 million yuan, Ganfeng Lithium and Zijin Mining were net sold 224 million and 160 million yuan. In terms of net buying, Yili shares received a net purchase of 326 million yuan, Star Semi-Guide received a net purchase of 240 million yuan; Kingsoft Office was listed for the first time in the year, with a net purchase of 190 million yuan; Unigroup Guowei was listed again after 2 months, with a net purchase of 173 million yuan; Ningde Times and BYD were both added to the list of less than 100 million yuan.
2. Hong Kong stock trading further shrank to HK$74.926 billion. On the market, technology, education, and new energy vehicle stocks fell in the front, and real estate stocks weakened. The Taiwan weighted index closed down 0.1% at 15,020.41. Southbound funds sold NET HK$189 million, while Geely Automobile, Kuaishou-W and Meituan-W were net sold hk$303 million, HK$246 million and HK$191 million respectively; Tianqi Lithium received a net purchase of HK$203 million against the trend.
3. According to the "2021 Securities Company Investor Service and Protection Report" released by the Securities Association of China, by the end of 2021, there will be more than 720 million mainland fund investors. Compared with less than 40 million households ten years ago, the number of investors in public funds has increased by 17 times, and public funds have created a cumulative return of 6.25 trillion yuan for holders and a cumulative dividend of 1.2 trillion yuan to holders.
4.。 Xie Zhiyu and Huang Xingliang newly entered the "domestic CAD leader" Zhongwang software; Gülen increased its holdings in "domestic orthokeratology mirror leader" OPCOM Vision; Lu Bin adheres to the "photovoltaic backplane leader" Zhonglai shares; Qiu Dongrong doubled the warehouse "children's medicine leader" Huat Dyin, Liu Gesong insisted; Yang Ruiwen and Cai Songsong increased their holdings of "semiconductor cleaning equipment leader" Shengmei Shanghai.
5. The first batch of A-share structured products, MSCI China A50 Interconnection Index derivative warrants, were listed on the Hong Kong Stock Exchange, and the newly listed derivative warrants were based on the MSCI China A50 Interconnection Index.
6. The landing of affordable rental housing REITs projects has accelerated. The results of the REIT inquiry of Red Clay Innovation Shenzhen Anju Housing are released, and the subscription price is 2.484 yuan / copy, which will be publicly available for sale on August 16. CICC Xiamen Anju REIT completed the inquiry pricing, and the final subscription price was 2.6 yuan / copy.
7. WIND data, as of August 8, the number of announced dividends or the implementation of dividend funds this year reached 3619, of which the implementation of dividend funds a total of 3329 dividends, involving 2157, compared with the same period last year, 1877 funds paid a total of 2888 dividends. The total dividend rose from 157.498 billion yuan to 158.486 billion yuan, an increase of 0.63%. Among them, among the 2157 funds participating in dividends, there are 1660 bond funds, accounting for 76.96%, and 41 equity funds, accounting for 1.90%. Baoying core advantage A has a total of 12 dividends this year, the highest frequency, Baoying core advantage C (11 times); Kaishiqi short debt A (7 times); Kaishiqi short debt C (7 times); The number of dividends in the Southern Plurals (7 times) is high.
8. The first batch of 6 interbank certificate of deposit index funds established in December last year have accumulated returns between 1.5-2.0% this year. The interbank certificate of deposit index fund, which was established in the second quarter of this year, has a cumulative return of between 0.22% and 0.80% since its inception. Recently, the approval and establishment of interbank certificate of deposit funds have entered a trough period, and no interbank certificate of deposit funds have passed regulatory approval since mid-June. In July, only two newly established funds, with a total issuance of only 1.31 billion shares, the Chuangjin Hexin Interbank Certificate of Deposit Index held for 7 days to return 0.16%, and the Yingda Interbank Certificate of Deposit Index held for 7 days to show a loss, with a loss of 0.05%. Industry insiders pointed out that for investors, the two indicators of interbank certificate of deposit fund are worth looking at, on the one hand, the scale of interbank certificate of deposit fund, too small size will definitely face certain liquidity risks; On the other hand, the cost of low-risk products will directly and significantly dilute its benefits, so the lower the cost of the product, the more worthy of attention. In addition, this type of product is a product that invests in high-liquidity, low-risk assets, suitable for investors with low risk appetite, and can be used as a spare money care tool. However, such funds use the market value method of valuation, when the market funds are tight, the interest rate of the certificate of deposit rises, the certificate of deposit index will reflect the decline in the price of the certificate of deposit, so the certificate of deposit index fund has a net value drawdown, investors need to accept a certain degree of drawdown.
Second, the investment column
Meng Xiangbin, chief investment advisor of the financial industry profit treasure: Yesterday (August 8) the two cities continued to maintain a shrinkage shock, strategically, short-term funds can continue to look for trading opportunities, but still fast-forward and fast-out, medium and long-term funds in the fluctuation, in the two weeks or monthly units of fund fixed investment. (Practice Number: A20220729000355)
【Fund manager's latest views】GF Technology pioneer Liu Gesong: Affected by multiple factors such as the spread of the epidemic, the continuation of the overseas local war situation, and the expectation of the Fed to raise interest rates, the A-share market in the second quarter of 2022 experienced greater volatility, and the volatility of high-end manufacturing direction represented by photovoltaics, new energy vehicles, electronics, etc. exceeded other types of assets.
Judging from the market trend since the beginning of May, the most pessimistic stage of expectations may have ended, systemic risks may have been fully released, the trend force of fundamentals is expected to re-become the core of asset pricing, and the capital market may show a rich and colorful situation of structural market in the second half of the year.
We believe that the reasons behind the higher volatility of assets in the direction of technological innovation and high-end manufacturing in the second quarter than other assets are mainly reflected in two aspects: on the one hand, high-end manufacturing assets have achieved higher returns in the past two years, and second, in the asset selection of most market participants, high-end manufacturing assets and traditional "core assets" may still be different. The volatility of asset prices comes from the fluctuations of phased performance and valuation, the differentiation of expectations is the source of valuation fluctuations, and the trend forces of fundamentals will also affect valuations by influencing expectations. Therefore, in the long term, the trend of fundamentals is the core factor that determines asset prices. With the trend forces of fundamentals becoming central to asset pricing, overall market volatility is likely to return to historical normal range levels in the second half of the year.
The biggest beta of investment comes from the background of the times, and the past Wave of the Internet and the wave of smartphones have given birth to a large number of excellent enterprises with large market capitalization. Whether future scientific and technological innovation and high-end manufacturing can bring about a new wave of the times depends on whether our country can truly enter a new stage of innovation-led economic development.
3. Fund Personnel
IV. One Week New Fund (8.8-8.12)
This article originated from the financial world