Quantify regulatory dynamics
Recently, due to the sharp fluctuations in the performance of some products, quantitative trading has once again stood on the cusp of the first place.
At the critical moment, the regulator issued a series of "combination punches" around quantitative trading, the Shanghai and Shenzhen Stock Exchanges imposed trading suspension measures on Ningbo Lingjun and launched a public censure procedure, the quantitative trading reporting system was smoothly implemented, and the relevant regulatory measures in the future will also be mature and launched.
A number of industry insiders said that strengthening supervision of quantitative investment will help the steady and healthy development of the entire industry. In the long run, the rapid development of China's capital market and the continuous enrichment of the number of listed companies and financial products have brought broad development space to quantitative investment. At the same time, with the improvement of the professionalism of market participants and the homogenization of some strategies, how to continue to obtain excess returns is also a new challenge for quantitative investment.
Star ** manager
Recently, many listed companies have disclosed the list of the top ten circulating shareholders due to the repurchase of shares.
Despite the market, the manager is optimistic about long-term investment opportunities and is enthusiastic about the layout. In terms of private equity, Ningquan Assets, helmed by Yang Dong, increased its position in Sunshine Lighting; Deng Xiaofeng of Gaoyi Assets increased his holdings of Dinglong shares and Jianghai shares, and Feng Liu increased his position in Kanghua Biotechnology; Dong Chengfei of Ruijun Asset Management bought Espressif Technology, and ** managed by Xia Junjie of Renqiao Asset Management increased his holdings of New Classics and Sunward Pharmaceutical Auxiliary.
In terms of public offerings, Zhonggeng ** Qiu Dongrong increased his position in Bozhong Seiko and New Classics, and ICBC Credit Suisse ** Zhao Bei increased his holdings in Shuyu civilians; In addition, Invesco Great Wall** Yang Ruiwen increased his position in Bethel, and E Fund** Feng Bo also slightly increased his holdings of the stock.
On Friday (March 1), the Shanghai Composite ** Index rose 06% closed at 6010At 79 points, the Shenzhen Stock Exchange ETF rose 088% closed at 1252At 94 points, the Lefu Index rose 09% closed at 629444 points.
On the last trading day of February, the three major A-share indices collectively closed higher. From the perspective of the capital flow of the ETF market, although there was a small net outflow of about 100 million yuan on the same day, in the long run, funds are still continuing to pour in**, and the ETF market achieved a net inflow of more than 170 billion yuan in February.
The products of the top ** companies also continued to be favored by funds, such as the CSI 300 ETF products under E Fund ** and Huaxia** both had net inflows of more than 20 billion yuan in February.
New**
After the Lunar New Year, the continuation of the A**field has warmed the new ** issuance market.
On February 26, 22 new ** appeared on the stage together (only the main share is counted, the same below) and joined the distribution army. On the first Monday after the Spring Festival, 24 new ** were issued, and the number of debuts even hit a record high.
Statistics show that there are currently 115 new ** being issued, of which equity ** has become the main force.
etf**
The CSI A50 ETF under the 10 ** companies in the Year of the Dragon debuted and became a hot spot in the market.
Following yesterday's announcement of the early end of the fundraising of JPMorgan CSI 50 ETF and Ping An CSI 50 ETF, another A50 ETF announced the early end of the fundraising today!
Dacheng** announced that the Dacheng CSI A50 ETF has advanced the fundraising deadline to February 29, and will partially confirm the subscription application on February 29 by adopting the principle of "doomsday proportional allocation".
According to the news from the channel, the first batch of CSI A50 ETF issuance has attracted the attention of all parties in the market, and investors are enthusiastic about subscribing. At present, the first batch of 10 products has raised more than 10 billion yuan.
Institutional executive dynamics
At the beginning of the Year of the Dragon, another manager was promoted to vice president.
On February 28, Xinhua** announced that Jiang Qian was appointed as deputy general manager, with a term of office effective from February 26, 2024.
According to the resume, Jiang Qian, a master's student, has served as a senior analyst of Gaiander Consulting Company, a senior manager of CITIC**, a research director of Tianan Property Insurance Company, an equity investment director of Bohai Life Insurance Company, and an assistant to the general manager of Dongfang**.
Release
The CSI A50 ETF under the 10 ** companies that debuted in the Year of the Dragon has been released one after another.
On February 28, there was good news in the market, and JPMorgan CSI 50 ETF and Ping An CSI 50 ETF announced the early end of fundraising.
The reporter learned from the source that the first batch of CSI A50 ETF issuance has attracted the attention of all parties in the market, and investors are enthusiastic about subscribing. At present, the fundraising scale of Morgan and Ping An**, which are "leading", has exceeded the fundraising limit of 2 billion yuan. Huatai Berry, Fuguo, Dacheng, Huabao and other ** companies are also raising money. According to people familiar with the matter, the first batch of 10 products has raised more than 10 billion yuan.
etf**
The public offering ** fee reduction is continuing to advance, and more and more broad-based ETF products have also joined the "** war". At the beginning of the Year of the Dragon, 10 ETF products were issued at the lowest rate level in the industry to attract customers, and a number of large and medium-sized public offering ETF products, including GF, Invesco Great Wall, ICBC Credit Suisse, etc., announced fee reductions during the year. At present, nearly 100 ETFs in the whole market have adopted the lowest level of fees, accounting for 13% of all ** ETFs.
A number of industry insiders said that on the one hand, ETF fee reduction is in response to the trend of active management fee reduction, and on the other hand, it is also one of the measures taken by the company to cope with fierce market competition and expand market share. At the same time, they mentioned that investors' subscription and redemption are driven by multiple factors such as capital constraints, risk appetite, and market environment, and the level of fees is not a decisive factor, and it will also be an important competitive direction to provide investors with high-quality, rich, and differentiated products with long-term allocation value.
Public offering**dynamics
Recently, OpenAI launched the SORA model, and the A** field set off another wave of artificial intelligence (AI)**Wind data shows that the SORA index is **23 in the first week after the holiday96%, and the AI index is also **1962%。
Some public fundraisers believe that the launch of SORA is a major positive for the AI sector and is expected to promote a new round of AI in 2024, but unlike last year's general rise and thematic investment, this year's ** is expected to be more differentiated, and companies that can deliver on their fundamentals will perform better. At the same time, the layout of the AI industry chain has also changed this year, and it is more optimistic about the computing power industry chain with high prosperity, including optical modules, servers, etc., as well as AI data and AI applications.
Private placement dynamics
There is also a listed company that intends to transfer shares to private placement**.
On the evening of February 29, Qifan Cable issued a number of announcements such as the "Simplified Equity Change Report", and Zhou Guixing, the company's controlling shareholder and actual controller, intends to hold 25 million unrestricted tradable shares of the company (accounting for 5 of the company's total share capital98%), to 14The total transaction price of the ** agreement of 44 yuan shares was transferred to Beijing Lifestyle Private Equity ** Company (on behalf of Lifestyle Yisheng No. 2 Private Placement ** Investment**), and the total transaction price was 36.1 billion yuan.
As of February 29, the sail cable closed 1642 yuan shares, has fallen below 18The issue price of $43 shares. Recently, shareholders of a number of listed companies such as Hitevision Technology, Kesen Technology, and Shenchi Electromechanical have agreed to transfer shares to private placements.
Private placement dynamics
Recently, there have been a number of private equity ** products with a net value loss of less than 1 cent or 1 cent, which has attracted market attention.
Among them, there is only ** "Tianworm Cicada Wing No. 4", and the net value of the unit as of February 8 is only 0007 yuan, more than 98% since the beginning of this year; There is also a ** "Wotian No. 101", with a net value of 006 yuan, this year**4059%；In addition, there is only ** "Tonglide Mixed No. 5A", with a net value of 00546 yuan, 39 since the beginning of this year40%。