MSCI will announce the results of the semi-annual adjustment of the index today
A shares will usher in the third step to increase the proportion of the inclusion, all China’s large-cap A-share factor increased from 15% to 20%, And for the first time included in the mid-cap stock (inclusion factor increased from 0% to 20%). CICC estimates that this capital inflow will be significantly higher than the previous few. Yesterday, the Shanghai Composite Index was close to flat, and the Shenzhen Component Index and the GEM Index closed up slightly. Among them, blockchain stocks performed strongly.
CICC estimates that this large-cap stock consolidation factor will increase from 15% to 20%, which will bring about $20 billion in capital inflows
The mid-cap stock inclusion factor will increase from 0% to 20%, which will bring about $17 billion in capital inflows.
According to CICC, from the experience of MSCI to increase the proportion of the past, the majority of foreign capital has apparently flowed in on and around the effective date of the index adjustment. Last week, the average daily net inflow of funds to the north of the country was 4.6 billion yuan (RMB, the same below), which was the highest in the past two months. The most foreign stocks bought were Gree Electric, Midea Group, Wuliangye, Yili, Shanghai Pudong Development Bank, and Oriental Yuhong. Qingdao Haier, Guizhou Maotai, China Merchants Bank and Mindray Medical.
GEM index rose slightly by 0.74%
The two cities opened slightly lower yesterday, and the Shanghai stock market performed weakly. Several times struggled below the flat line, and the last moment only recovered the lost ground. At the close of the market, the Shanghai Composite Index reported a rise of 0.11 points at 2,978 points; Shenzhen Chengzhi reported a rise of 56 points or 0.57% at 9,917 points; the GEM pointed to 1,715 points, up 12 points, or 0.74%. The two cities totaled RMB 398.9 billion.
At the Expo, Shanghai government and enterprises jointly signed the “Shanghai Electronic Port Blockchain Alliance Proposal", the blockchain sector performed strongly, and Tianxia Wisdom, Business Win Global and other 7-day daily limit.