Three major international indexes raise A equity worth hundreds of billions of dollars to help the market in September
According to our 合肥夜网 reporter Meng Ke, from the recent three major international indexes to improve the average path of A shares, September will be a time of substantial expansion.
Specifically, a few days ago, MSCI mentioned the A-share replacement factor from 10% to 15%, and will further mention 20% before the end.
On August 24, FTSE Russell announced that it plans to increase the replacement factor of China A shares from 5% to 15%, which will take effect on September 23.
On September 6, the S & P Dow Jones Indices may release a list of Chinese A-shares in its index system. A-shares will be replaced by a one-time 25% replacement factor. This change will also take effect before the market opens on September 23.
”The three major international indexes have increased the weight of A-shares, and in September will bring an increase in capital 淡水桑拿网 of US $ 30 billion to US $ 40 billion (RMB 210 billion to US $ 320 billion) to the A-share market, which will effectively increase the market value of A-shares.And give the market competition a positive investment sentiment, and help the emergence of the 9-month market.
He Nanye, a special researcher at Suning Financial Research Institute, said in an interview with a reporter from Securities Daily.
Zhang Jun, chief economist of Morgan Stanley Huaxin Securities, said in an interview with the “Securities Daily” reporter that according to the official data released by MSCI, it can be seen that the size of purely indexed funds accounts for about 15% to 20%. Active trackingIndex funds account for about 80% to 85%, plus the capital increase brought by Dow Jones and the FTSE Index, it is expected that the three major indexes will bring about $ 40 billion to $ 70 billion of incremental funds for A shares during the yearAmong them, the inflow of indexed funds is about 18 billion U.S. dollars, and active tracking funds may inflow about 20 billion to 50 billion U.S. dollars.
”The inflow of foreign funds is conducive to helping the market in September.
Zhang Jun said that the expansion of the scale of capital gains continues to attract foreign investment.
In the face of increasing downward pressure on the global economy, China’s economic growth has been stable, monetary and fiscal policies have successively released policy dividends, and capital market valuations are relatively relative. Inflows will continue to flow into China under the attraction of high capital returns.Performance of A-shares; expansion, more high-value investments by foreign institutions, high profitability, undervaluation and other reorganization certain stocks will continue to be favored by foreign investors, the scale effect of global asset allocation will help A-shares in Septemberwhich performed.
It is understood that foreign inflows of A shares are a long-term unchangeable trend, so in order to undertake the “accelerated” inflow of foreign capital, A shares should also improve such measures?
According to He Nanye, in order to better meet foreign inflows, the following transformations can be improved. One is to improve the convenience of funds entering and leaving China’s domestic capital market. The other is to expand the types of investable stocks and expand the Shanghai-Hong Kong Stock Connect.The scope of the target stocks invested by Luntong and Shenzhen-Hong Kong Stock Connect. Third, appropriate monitoring of foreign trading activities to prevent foreign investors from generating systemic risks to Chinese A-shares.
”With the increase of foreign entry, the opening up of China’s financial sector will inevitably lead to greater competition pressure on the domestic capital market, and the A-share market still needs to be further improved to improve the level of internationalization.
Zhang Jun’s analysis believes that to reduce, A-shares need to continuously optimize the structure of investors, strengthen supervision to prevent short-term speculative arbitrage, and make the capital market run more smoothly; gradually, financial reform should also be accelerated to improve the competitiveness of domestic capital markets.
The sound competition structure and the improved domestic financial supervision and risk prevention schemes have significantly reduced potential financial risks.