+Follow
Karon0917
No personal profile
9
Follow
1
Followers
0
Topic
0
Badge
Posts
Hot
Karon0917
2021-06-16
?
Guosheng Strategy: Foreign capital inflows slowed, and trading positions withdrew slightly.
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3567848930687539","uuid":"3567848930687539","gmtCreate":1604756187562,"gmtModify":1604891606747,"name":"Karon0917","pinyin":"karon0917","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/ecf38512f4b626056b8e95a400e517d6","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":9,"tweetSize":0,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-4","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Tiger Star","description":"Join the tiger community for 2000 days","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.05.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.37%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.26%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":169205103,"gmtCreate":1623836098302,"gmtModify":1703820905011,"author":{"id":"3567848930687539","authorId":"3567848930687539","name":"Karon0917","avatar":"https://static.tigerbbs.com/ecf38512f4b626056b8e95a400e517d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567848930687539","authorIdStr":"3567848930687539"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169205103","repostId":"1160592405","repostType":4,"repost":{"id":"1160592405","kind":"news","pubTimestamp":1623827760,"share":"https://ttm.financial/m/news/1160592405?lang=en_US&edition=fundamental","pubTime":"2021-06-16 15:16","market":"sh","language":"zh","title":"Guosheng Strategy: Foreign capital inflows slowed, and trading positions withdrew slightly.","url":"https://stock-news.laohu8.com/highlight/detail?id=1160592405","media":"尧望后势","summary":"核心观点\n一、总体配置：通胀扰动加剧，北上流入放缓\n通胀扰动加剧，市场情绪趋于谨慎。美国5月CPI同比高增5%，创近13年来最大同比增速，PPI同比增长6.6%，亦创近10年以来新高，通胀压力显著升温","content":"<p><b>Core Points</b></p><p><b>I. Overall Allocation: Inflationary disturbances intensify, northbound inflows slow down.</b></p><p><b>Inflationary disturbances have intensified, and market sentiment has become more cautious.</b>The US CPI rose 5% year-on-year in May, the largest year-on-year increase in nearly 13 years, while the PPI rose 6.6% year-on-year, also a new high in nearly 10 years. Inflationary pressures have intensified significantly. The Federal Reserve's repeated emphasis that inflation is temporary and its maintenance of an ultra-loose monetary stance has, to some extent, offset market concerns about tightening monetary policy. However, high inflation, coupled with previously positive manufacturing PMI and unemployment rate data, has led investors to focus on the Fed's June FOMC decision, playing on Taper signals, and market sentiment has clearly become more cautious. Domestically, the PPI rose further to 9% year-on-year in May. Yi Gang, governor of the People's Bank of China, said that the overall domestic price trend was controllable, the MLF continued to be renewed at equal parity, and monetary policy remained stable.</p><p><b>Northbound inflows have slowed, with trading positions experiencing slight outflows for the second consecutive week.</b>Last week, northbound capital inflows shrank to 2.931 billion yuan, while southbound capital outflows reached 1.546 billion yuan. According to our analysis and estimation of northbound Stock Connect funds, northbound allocation funds saw a net inflow of 5.892 billion yuan last week, while trading funds saw a slight outflow of 2.775 billion yuan. The cumulative net inflows of allocation funds and trading funds this year reached 222.326 billion yuan and -230 million yuan, respectively. Last week, positions on the main board decreased, while positions on the ChiNext and STAR Market increased. As of June 11, the holding ratios of northbound traders on the main board, ChiNext, and STAR Market were 84.09%, 15.68%, and 0.23%, respectively.</p><p><img src=\"https://static.tigerbbs.com/150a641710b56b832bec4d873884e23c\" tg-width=\"1080\" tg-height=\"417\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/93cc0ddfbe99236a911d9531959907a6\" tg-width=\"1080\" tg-height=\"416\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2f23576ad34aa9eda027b1279abb915\" tg-width=\"1055\" tg-height=\"522\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2bad31438783ba4a63f15bbf5d6eb34\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>II. Sector Allocation: Electrical equipment and banking sectors saw concentrated increases in holdings.</b></p><p><b>Northbound investors are concentrating their holdings in sectors such as electrical equipment and banking.</b>According to our estimates, the electrical equipment, banking, and transportation sectors saw the largest net inflows last week, with net inflows of 2.947 billion yuan, 1.741 billion yuan, and 1.386 billion yuan respectively. Meanwhile, the food and beverage, electronics, and building materials industries saw significant net outflows, with net outflows of 2.672 billion yuan, 1.157 billion yuan, and 1.023 billion yuan respectively.</p><p>In terms of the nature of funds, the trading volume mainly flowed into the electrical equipment, transportation and comprehensive industries, with net inflows of 1.927 billion yuan, 1.53 billion yuan and 815 million yuan respectively; Meanwhile, concentrated outflows occurred in the electronics, chemical, and non-ferrous metals industries, with net outflows of RMB 2.795 billion, RMB 1.361 billion, and RMB 937 million respectively; The allocation funds mainly flowed into the banking, pharmaceutical and biological, and chemical sectors, with net inflows of RMB 1.88 billion, RMB 1.797 billion, and RMB 1.568 billion respectively. The main outflows were from the food and beverage, building materials, and real estate sectors, with net outflows of RMB 2.436 billion, RMB 764 million, and RMB 565 million, respectively.</p><p><img src=\"https://static.tigerbbs.com/1f86240e97f6c1ea5f4f9ad5dbe06d64\" tg-width=\"1064\" tg-height=\"548\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ae0dc07b2ba6d825912d92e37c11d87\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>Electrical equipment saw the largest increase in positions, while food and beverage positions saw a significant decrease.</b>。 In terms of changes in the market value of shareholdings, the market value of shareholdings in the electrical equipment, computer and automotive industries increased significantly last week, by 13.933 billion yuan, 3.305 billion yuan and 2.53 billion yuan respectively; Meanwhile, the market value of stocks held in the food and beverage, home appliance and banking industries declined significantly, decreasing by 20.059 billion yuan, 6.863 billion yuan and 4.518 billion yuan respectively. Looking at changes in stock holdings, the electrical equipment, computer, and automotive sectors saw significant increases last week, rising by 0.58%, 0.14%, and 0.11% respectively. Meanwhile, positions in the food and beverage, home appliance, and banking sectors declined significantly, decreasing by 0.66%, 0.22%, and 0.12%, respectively.</p><p><img src=\"https://static.tigerbbs.com/31e68c98b6b7ac758f2299f8788f26bf\" tg-width=\"1063\" tg-height=\"525\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1139282920e4742961a697407c086f4a\" tg-width=\"1060\" tg-height=\"541\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3a928b2b5542e4ca34e124b960f31809\" tg-width=\"1053\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/dd1a2bbc9d36d6c83586b46d61c6aa60\" tg-width=\"795\" tg-height=\"671\" referrerpolicy=\"no-referrer\"></p><p><b>III. Stock Allocation:<a href=\"https://laohu8.com/S/601012\">LONGi Green Energy</a>Leading the increase in holdings,<a href=\"https://laohu8.com/S/002271\">Oriental Yuhong</a>Significant reduction in holdings</b></p><p><b>Overall shareholding concentration continued to decline, while the proportion of companies with high shareholdings increased.</b>。 In terms of changes in shareholding concentration, the market value of the top 20 holdings of northbound stocks through the Stock Connect decreased by 0.21% to 41.21% last week. The number of companies holding more than 10% of the circulating share capital is 61. The top 5 holdings are, in order:<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>、<a href=\"https://laohu8.com/S/000333\">Midea Group</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/300750\">CATL</a>and<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>The shareholding sizes are 209.517 billion, 83.805 billion, 76.172 billion, 70.478 billion and 67.324 billion respectively.</p><p><img src=\"https://static.tigerbbs.com/06968e61921370f4195ea98f0bd995d5\" tg-width=\"991\" tg-height=\"489\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/707d5e862bf6c6e3a1b0c2b32dbd4479\" tg-width=\"751\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Looking at the overall net inflow, last week LONGi Green Energy Technology Co.,<a href=\"https://laohu8.com/S/601919\">COSCO Shipping Holdings</a>、<a href=\"https://laohu8.com/S/300274\">solar power supply</a>、<a href=\"https://laohu8.com/S/300059\">Eastmoney</a>、<a href=\"https://laohu8.com/S/002352\">SF Holding</a>The company saw the largest net inflows, with net inflows of 2.902 billion yuan, 1.098 billion yuan, 885 million yuan, 848 million yuan, and 689 million yuan respectively; Meanwhile, Oriental Yuhong, CATL,<a href=\"https://laohu8.com/S/600809\">Shanxi Fenjiu</a>Kweichow Moutai and Daqin Railway saw significant reductions in holdings, with net outflows of 1.439 billion yuan, 1.321 billion yuan, 1.242 billion yuan, 1.115 billion yuan, and 889 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/5e13c2b1421570eb18950928f99cc21c\" tg-width=\"1080\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>From a trading perspective, the top five stocks with the largest net inflows last week were:<a href=\"https://laohu8.com/S/600887\">Yili Group</a>LONGi Green Energy Technology<a href=\"https://laohu8.com/S/01919\">COSCO Shipping Holdings</a>Sungrow Power Supply<a href=\"https://laohu8.com/S/000009\">Bao'an, China</a>Net inflows of RMB 1.62 billion, RMB 1.287 billion, RMB 856 million, RMB 732 million, and RMB 591 million respectively; The top five stocks with the largest net outflows from trading sessions last week were, in order:<a href=\"https://laohu8.com/S/WX\">WuXi AppTec</a>CATL, BOE Technology Group Co., Ltd., Shanxi Fenjiu, and Oriental Yuhong saw net inflows of 1.466 billion yuan, 977 million yuan, 969 million yuan, 879 million yuan, and 673 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/6c495f4402003ce67108ced17da4da15\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\"></p><p>From the perspective of allocation, the top five stocks with the largest net inflows of allocation last week were: LONGi Green Energy Technology Co., Ltd.,<a href=\"https://laohu8.com/S/603259\">WuXi AppTec</a>Eastmoney<a href=\"https://laohu8.com/S/300760\">Mindray Medical</a>、<a href=\"https://laohu8.com/S/601166\">Industrial Bank</a>Net inflows of RMB 1.615 billion, RMB 926 million, RMB 734 million, RMB 696 million, and RMB 571 million respectively; Last week, the top five stocks with the largest net outflows from allocation positions were: Kweichow Moutai, Daqin Railway, Yili Group, Oriental Yuhong, and Sany Heavy Industry, with net inflows of 991 million yuan, 974 million yuan, 943 million yuan, 766 million yuan, and 633 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/cf115404891a095b8db339ba773ba4e4\" tg-width=\"1080\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning</b></p><p>1. Increased volatility in overseas markets; 2. Risk of exchange rate depreciation.</p>","source":"ywhs","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Guosheng Strategy: Foreign capital inflows slowed, and trading positions withdrew slightly.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGuosheng Strategy: Foreign capital inflows slowed, and trading positions withdrew slightly.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">尧望后势</strong><span class=\"h-time small\">2021-06-16 15:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Core Points</b></p><p><b>I. Overall Allocation: Inflationary disturbances intensify, northbound inflows slow down.</b></p><p><b>Inflationary disturbances have intensified, and market sentiment has become more cautious.</b>The US CPI rose 5% year-on-year in May, the largest year-on-year increase in nearly 13 years, while the PPI rose 6.6% year-on-year, also a new high in nearly 10 years. Inflationary pressures have intensified significantly. The Federal Reserve's repeated emphasis that inflation is temporary and its maintenance of an ultra-loose monetary stance has, to some extent, offset market concerns about tightening monetary policy. However, high inflation, coupled with previously positive manufacturing PMI and unemployment rate data, has led investors to focus on the Fed's June FOMC decision, playing on Taper signals, and market sentiment has clearly become more cautious. Domestically, the PPI rose further to 9% year-on-year in May. Yi Gang, governor of the People's Bank of China, said that the overall domestic price trend was controllable, the MLF continued to be renewed at equal parity, and monetary policy remained stable.</p><p><b>Northbound inflows have slowed, with trading positions experiencing slight outflows for the second consecutive week.</b>Last week, northbound capital inflows shrank to 2.931 billion yuan, while southbound capital outflows reached 1.546 billion yuan. According to our analysis and estimation of northbound Stock Connect funds, northbound allocation funds saw a net inflow of 5.892 billion yuan last week, while trading funds saw a slight outflow of 2.775 billion yuan. The cumulative net inflows of allocation funds and trading funds this year reached 222.326 billion yuan and -230 million yuan, respectively. Last week, positions on the main board decreased, while positions on the ChiNext and STAR Market increased. As of June 11, the holding ratios of northbound traders on the main board, ChiNext, and STAR Market were 84.09%, 15.68%, and 0.23%, respectively.</p><p><img src=\"https://static.tigerbbs.com/150a641710b56b832bec4d873884e23c\" tg-width=\"1080\" tg-height=\"417\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/93cc0ddfbe99236a911d9531959907a6\" tg-width=\"1080\" tg-height=\"416\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2f23576ad34aa9eda027b1279abb915\" tg-width=\"1055\" tg-height=\"522\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2bad31438783ba4a63f15bbf5d6eb34\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>II. Sector Allocation: Electrical equipment and banking sectors saw concentrated increases in holdings.</b></p><p><b>Northbound investors are concentrating their holdings in sectors such as electrical equipment and banking.</b>According to our estimates, the electrical equipment, banking, and transportation sectors saw the largest net inflows last week, with net inflows of 2.947 billion yuan, 1.741 billion yuan, and 1.386 billion yuan respectively. Meanwhile, the food and beverage, electronics, and building materials industries saw significant net outflows, with net outflows of 2.672 billion yuan, 1.157 billion yuan, and 1.023 billion yuan respectively.</p><p>In terms of the nature of funds, the trading volume mainly flowed into the electrical equipment, transportation and comprehensive industries, with net inflows of 1.927 billion yuan, 1.53 billion yuan and 815 million yuan respectively; Meanwhile, concentrated outflows occurred in the electronics, chemical, and non-ferrous metals industries, with net outflows of RMB 2.795 billion, RMB 1.361 billion, and RMB 937 million respectively; The allocation funds mainly flowed into the banking, pharmaceutical and biological, and chemical sectors, with net inflows of RMB 1.88 billion, RMB 1.797 billion, and RMB 1.568 billion respectively. The main outflows were from the food and beverage, building materials, and real estate sectors, with net outflows of RMB 2.436 billion, RMB 764 million, and RMB 565 million, respectively.</p><p><img src=\"https://static.tigerbbs.com/1f86240e97f6c1ea5f4f9ad5dbe06d64\" tg-width=\"1064\" tg-height=\"548\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ae0dc07b2ba6d825912d92e37c11d87\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>Electrical equipment saw the largest increase in positions, while food and beverage positions saw a significant decrease.</b>。 In terms of changes in the market value of shareholdings, the market value of shareholdings in the electrical equipment, computer and automotive industries increased significantly last week, by 13.933 billion yuan, 3.305 billion yuan and 2.53 billion yuan respectively; Meanwhile, the market value of stocks held in the food and beverage, home appliance and banking industries declined significantly, decreasing by 20.059 billion yuan, 6.863 billion yuan and 4.518 billion yuan respectively. Looking at changes in stock holdings, the electrical equipment, computer, and automotive sectors saw significant increases last week, rising by 0.58%, 0.14%, and 0.11% respectively. Meanwhile, positions in the food and beverage, home appliance, and banking sectors declined significantly, decreasing by 0.66%, 0.22%, and 0.12%, respectively.</p><p><img src=\"https://static.tigerbbs.com/31e68c98b6b7ac758f2299f8788f26bf\" tg-width=\"1063\" tg-height=\"525\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1139282920e4742961a697407c086f4a\" tg-width=\"1060\" tg-height=\"541\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3a928b2b5542e4ca34e124b960f31809\" tg-width=\"1053\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/dd1a2bbc9d36d6c83586b46d61c6aa60\" tg-width=\"795\" tg-height=\"671\" referrerpolicy=\"no-referrer\"></p><p><b>III. Stock Allocation:<a href=\"https://laohu8.com/S/601012\">LONGi Green Energy</a>Leading the increase in holdings,<a href=\"https://laohu8.com/S/002271\">Oriental Yuhong</a>Significant reduction in holdings</b></p><p><b>Overall shareholding concentration continued to decline, while the proportion of companies with high shareholdings increased.</b>。 In terms of changes in shareholding concentration, the market value of the top 20 holdings of northbound stocks through the Stock Connect decreased by 0.21% to 41.21% last week. The number of companies holding more than 10% of the circulating share capital is 61. The top 5 holdings are, in order:<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>、<a href=\"https://laohu8.com/S/000333\">Midea Group</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/300750\">CATL</a>and<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>The shareholding sizes are 209.517 billion, 83.805 billion, 76.172 billion, 70.478 billion and 67.324 billion respectively.</p><p><img src=\"https://static.tigerbbs.com/06968e61921370f4195ea98f0bd995d5\" tg-width=\"991\" tg-height=\"489\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/707d5e862bf6c6e3a1b0c2b32dbd4479\" tg-width=\"751\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Looking at the overall net inflow, last week LONGi Green Energy Technology Co.,<a href=\"https://laohu8.com/S/601919\">COSCO Shipping Holdings</a>、<a href=\"https://laohu8.com/S/300274\">solar power supply</a>、<a href=\"https://laohu8.com/S/300059\">Eastmoney</a>、<a href=\"https://laohu8.com/S/002352\">SF Holding</a>The company saw the largest net inflows, with net inflows of 2.902 billion yuan, 1.098 billion yuan, 885 million yuan, 848 million yuan, and 689 million yuan respectively; Meanwhile, Oriental Yuhong, CATL,<a href=\"https://laohu8.com/S/600809\">Shanxi Fenjiu</a>Kweichow Moutai and Daqin Railway saw significant reductions in holdings, with net outflows of 1.439 billion yuan, 1.321 billion yuan, 1.242 billion yuan, 1.115 billion yuan, and 889 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/5e13c2b1421570eb18950928f99cc21c\" tg-width=\"1080\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>From a trading perspective, the top five stocks with the largest net inflows last week were:<a href=\"https://laohu8.com/S/600887\">Yili Group</a>LONGi Green Energy Technology<a href=\"https://laohu8.com/S/01919\">COSCO Shipping Holdings</a>Sungrow Power Supply<a href=\"https://laohu8.com/S/000009\">Bao'an, China</a>Net inflows of RMB 1.62 billion, RMB 1.287 billion, RMB 856 million, RMB 732 million, and RMB 591 million respectively; The top five stocks with the largest net outflows from trading sessions last week were, in order:<a href=\"https://laohu8.com/S/WX\">WuXi AppTec</a>CATL, BOE Technology Group Co., Ltd., Shanxi Fenjiu, and Oriental Yuhong saw net inflows of 1.466 billion yuan, 977 million yuan, 969 million yuan, 879 million yuan, and 673 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/6c495f4402003ce67108ced17da4da15\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\"></p><p>From the perspective of allocation, the top five stocks with the largest net inflows of allocation last week were: LONGi Green Energy Technology Co., Ltd.,<a href=\"https://laohu8.com/S/603259\">WuXi AppTec</a>Eastmoney<a href=\"https://laohu8.com/S/300760\">Mindray Medical</a>、<a href=\"https://laohu8.com/S/601166\">Industrial Bank</a>Net inflows of RMB 1.615 billion, RMB 926 million, RMB 734 million, RMB 696 million, and RMB 571 million respectively; Last week, the top five stocks with the largest net outflows from allocation positions were: Kweichow Moutai, Daqin Railway, Yili Group, Oriental Yuhong, and Sany Heavy Industry, with net inflows of 991 million yuan, 974 million yuan, 943 million yuan, 766 million yuan, and 633 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/cf115404891a095b8db339ba773ba4e4\" tg-width=\"1080\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning</b></p><p>1. Increased volatility in overseas markets; 2. Risk of exchange rate depreciation.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/7iKc0TP-MwBKdGsZeJp8xQ\">尧望后势</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/7iKc0TP-MwBKdGsZeJp8xQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160592405","content_text":"核心观点\n一、总体配置：通胀扰动加剧，北上流入放缓\n通胀扰动加剧，市场情绪趋于谨慎。美国5月CPI同比高增5%，创近13年来最大同比增速，PPI同比增长6.6%，亦创近10年以来新高，通胀压力显著升温，而美联储反复强调通胀是暂时的并维持超宽松货币立场，一定程度上对冲了市场货币政策收紧的担忧，但高通胀叠加此前持续向好的制造业PMI和失业率数据使得投资者集中关注美联储的6月FOMC决议，博弈Taper信号，市场情绪明显趋于谨慎。国内方面，5月PPI同比进一步升至9%，中国人民银行行长易纲表示国内物价走势整体可控，MLF继续等额平价续作，货币政策保持平稳。\n北上流入放缓，交易盘连续两周小幅流出。上周北上资金流入规模缩减至29.31亿元，南下资金小幅流出15.46亿元。根据我们对陆股通资金的拆解和估算，北上配置盘上周净流入规模为58.92亿元，交易盘小幅流出27.75亿元，配置盘和交易盘今年以来累计净流入分别达到2223.26亿元和-2.3亿元。上周主板仓位下降，创业板和科创板仓位上升，截至6月11日，陆股通主板、创业板、科创板持仓比例分别为84.09%、15.68%和0.23%。\n\n二、行业配置：电气设备和银行获集中加仓\n北上集中加仓电气设备和银行等行业。根据我们的估算，上周电气设备、银行和交通运输行业净流入居前，分别净流入29.47亿元、17.41亿元和13.86亿元；同时食品饮料、电子和建筑材料行业净流出较多，分别净流出26.72亿元、11.57亿元和10.23亿元。\n从资金性质拆分看，交易盘主要流入电气设备、交通运输和综合行业，分别净流入19.27亿元、15.3亿元和8.15亿元；同时集中流出电子、化工和有色金属行业，分别净流出27.95亿元、13.61亿元和9.37亿元；配置盘主要流入银行、医药生物和化工行业，分别净流入18.8亿元、17.97亿元和15.68亿元；主要流出食品饮料、建筑材料和房地产行业，分别净流出24.36亿元、7.64亿元和5.65亿元。\n\n电气设备仓位提升居首，食品饮料仓位回落较多。从持股市值变动角度看，上周电气设备、计算机和汽车行业持股市值大幅提升，分别增加139.33亿元、33.05亿元和25.3亿元；同时食品饮料、家用电器和银行行业持股市值回落较多，分别减少200.59亿元、68.63亿元和45.18亿元。从持股仓位变动看，上周电气设备、计算机和汽车行业仓位提升较多，分别提升0.58%、0.14%和0.11%；而食品饮料、家用电器和银行行业仓位回落较多，仓位分别下降0.66%、0.22%和0.12%。\n\n三、个股配置：隆基股份增持居前，东方雨虹遭减持较多\n整体持股集中度继续回落，持股高占比公司上升。从持股集中度变动看，陆股通前二十大重仓股持股市值占比上周下降0.21%至41.21%。而持股占流通股本比例超过10%的公司数目为61家。前5大重仓股依次为贵州茅台、美的集团、招商银行、宁德时代和五粮液，持股规模分别为2095.17亿、838.05亿、761.72亿、704.78亿和673.24亿。\n\n从整体净流入看，上周隆基股份、中远海控、阳光电源、东方财富、顺丰控股净流入居前，分别净流入29.02亿元、10.98亿元、8.85亿元、8.48亿元、6.89亿元；同时东方雨虹、宁德时代、山西汾酒、贵州茅台、大秦铁路减持较多，分别净流出14.39亿元、13.21亿元、12.42亿元、11.15亿元、8.89亿元。\n\n从交易盘角度看，上周交易盘净流入前五大个股依次为：伊利股份、隆基股份、中远海控、阳光电源、中国宝安，分别净流入16.2亿元、12.87亿元、8.56亿元、7.32亿元、5.91亿元；上周交易盘净流出前五大个股依次为：药明康德、宁德时代、京东方A、山西汾酒、东方雨虹，分别净流入14.66亿元、9.77亿元、9.69亿元、8.79亿元、6.73亿元。\n\n从配置盘角度看，上周配置盘净流入前五大个股依次为：隆基股份、药明康德、东方财富、迈瑞医疗、兴业银行，分别净流入16.15亿元、9.26亿元、7.34亿元、6.96亿元、5.71亿元；上周配置盘净流出前五大个股依次为：贵州茅台、大秦铁路、伊利股份、东方雨虹、三一重工，分别净流入9.91亿元、9.74亿元、9.43亿元、7.66亿元、6.33亿元。\n\n风险提示\n1、海外市场波动加剧；2、汇率贬值风险。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":3792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":169205103,"gmtCreate":1623836098302,"gmtModify":1703820905011,"author":{"id":"3567848930687539","authorId":"3567848930687539","name":"Karon0917","avatar":"https://static.tigerbbs.com/ecf38512f4b626056b8e95a400e517d6","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567848930687539","authorIdStr":"3567848930687539"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169205103","repostId":"1160592405","repostType":4,"repost":{"id":"1160592405","kind":"news","pubTimestamp":1623827760,"share":"https://ttm.financial/m/news/1160592405?lang=en_US&edition=fundamental","pubTime":"2021-06-16 15:16","market":"sh","language":"zh","title":"Guosheng Strategy: Foreign capital inflows slowed, and trading positions withdrew slightly.","url":"https://stock-news.laohu8.com/highlight/detail?id=1160592405","media":"尧望后势","summary":"核心观点\n一、总体配置：通胀扰动加剧，北上流入放缓\n通胀扰动加剧，市场情绪趋于谨慎。美国5月CPI同比高增5%，创近13年来最大同比增速，PPI同比增长6.6%，亦创近10年以来新高，通胀压力显著升温","content":"<p><b>Core Points</b></p><p><b>I. Overall Allocation: Inflationary disturbances intensify, northbound inflows slow down.</b></p><p><b>Inflationary disturbances have intensified, and market sentiment has become more cautious.</b>The US CPI rose 5% year-on-year in May, the largest year-on-year increase in nearly 13 years, while the PPI rose 6.6% year-on-year, also a new high in nearly 10 years. Inflationary pressures have intensified significantly. The Federal Reserve's repeated emphasis that inflation is temporary and its maintenance of an ultra-loose monetary stance has, to some extent, offset market concerns about tightening monetary policy. However, high inflation, coupled with previously positive manufacturing PMI and unemployment rate data, has led investors to focus on the Fed's June FOMC decision, playing on Taper signals, and market sentiment has clearly become more cautious. Domestically, the PPI rose further to 9% year-on-year in May. Yi Gang, governor of the People's Bank of China, said that the overall domestic price trend was controllable, the MLF continued to be renewed at equal parity, and monetary policy remained stable.</p><p><b>Northbound inflows have slowed, with trading positions experiencing slight outflows for the second consecutive week.</b>Last week, northbound capital inflows shrank to 2.931 billion yuan, while southbound capital outflows reached 1.546 billion yuan. According to our analysis and estimation of northbound Stock Connect funds, northbound allocation funds saw a net inflow of 5.892 billion yuan last week, while trading funds saw a slight outflow of 2.775 billion yuan. The cumulative net inflows of allocation funds and trading funds this year reached 222.326 billion yuan and -230 million yuan, respectively. Last week, positions on the main board decreased, while positions on the ChiNext and STAR Market increased. As of June 11, the holding ratios of northbound traders on the main board, ChiNext, and STAR Market were 84.09%, 15.68%, and 0.23%, respectively.</p><p><img src=\"https://static.tigerbbs.com/150a641710b56b832bec4d873884e23c\" tg-width=\"1080\" tg-height=\"417\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/93cc0ddfbe99236a911d9531959907a6\" tg-width=\"1080\" tg-height=\"416\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2f23576ad34aa9eda027b1279abb915\" tg-width=\"1055\" tg-height=\"522\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2bad31438783ba4a63f15bbf5d6eb34\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>II. Sector Allocation: Electrical equipment and banking sectors saw concentrated increases in holdings.</b></p><p><b>Northbound investors are concentrating their holdings in sectors such as electrical equipment and banking.</b>According to our estimates, the electrical equipment, banking, and transportation sectors saw the largest net inflows last week, with net inflows of 2.947 billion yuan, 1.741 billion yuan, and 1.386 billion yuan respectively. Meanwhile, the food and beverage, electronics, and building materials industries saw significant net outflows, with net outflows of 2.672 billion yuan, 1.157 billion yuan, and 1.023 billion yuan respectively.</p><p>In terms of the nature of funds, the trading volume mainly flowed into the electrical equipment, transportation and comprehensive industries, with net inflows of 1.927 billion yuan, 1.53 billion yuan and 815 million yuan respectively; Meanwhile, concentrated outflows occurred in the electronics, chemical, and non-ferrous metals industries, with net outflows of RMB 2.795 billion, RMB 1.361 billion, and RMB 937 million respectively; The allocation funds mainly flowed into the banking, pharmaceutical and biological, and chemical sectors, with net inflows of RMB 1.88 billion, RMB 1.797 billion, and RMB 1.568 billion respectively. The main outflows were from the food and beverage, building materials, and real estate sectors, with net outflows of RMB 2.436 billion, RMB 764 million, and RMB 565 million, respectively.</p><p><img src=\"https://static.tigerbbs.com/1f86240e97f6c1ea5f4f9ad5dbe06d64\" tg-width=\"1064\" tg-height=\"548\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ae0dc07b2ba6d825912d92e37c11d87\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>Electrical equipment saw the largest increase in positions, while food and beverage positions saw a significant decrease.</b>。 In terms of changes in the market value of shareholdings, the market value of shareholdings in the electrical equipment, computer and automotive industries increased significantly last week, by 13.933 billion yuan, 3.305 billion yuan and 2.53 billion yuan respectively; Meanwhile, the market value of stocks held in the food and beverage, home appliance and banking industries declined significantly, decreasing by 20.059 billion yuan, 6.863 billion yuan and 4.518 billion yuan respectively. Looking at changes in stock holdings, the electrical equipment, computer, and automotive sectors saw significant increases last week, rising by 0.58%, 0.14%, and 0.11% respectively. Meanwhile, positions in the food and beverage, home appliance, and banking sectors declined significantly, decreasing by 0.66%, 0.22%, and 0.12%, respectively.</p><p><img src=\"https://static.tigerbbs.com/31e68c98b6b7ac758f2299f8788f26bf\" tg-width=\"1063\" tg-height=\"525\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1139282920e4742961a697407c086f4a\" tg-width=\"1060\" tg-height=\"541\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3a928b2b5542e4ca34e124b960f31809\" tg-width=\"1053\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/dd1a2bbc9d36d6c83586b46d61c6aa60\" tg-width=\"795\" tg-height=\"671\" referrerpolicy=\"no-referrer\"></p><p><b>III. Stock Allocation:<a href=\"https://laohu8.com/S/601012\">LONGi Green Energy</a>Leading the increase in holdings,<a href=\"https://laohu8.com/S/002271\">Oriental Yuhong</a>Significant reduction in holdings</b></p><p><b>Overall shareholding concentration continued to decline, while the proportion of companies with high shareholdings increased.</b>。 In terms of changes in shareholding concentration, the market value of the top 20 holdings of northbound stocks through the Stock Connect decreased by 0.21% to 41.21% last week. The number of companies holding more than 10% of the circulating share capital is 61. The top 5 holdings are, in order:<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>、<a href=\"https://laohu8.com/S/000333\">Midea Group</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/300750\">CATL</a>and<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>The shareholding sizes are 209.517 billion, 83.805 billion, 76.172 billion, 70.478 billion and 67.324 billion respectively.</p><p><img src=\"https://static.tigerbbs.com/06968e61921370f4195ea98f0bd995d5\" tg-width=\"991\" tg-height=\"489\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/707d5e862bf6c6e3a1b0c2b32dbd4479\" tg-width=\"751\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Looking at the overall net inflow, last week LONGi Green Energy Technology Co.,<a href=\"https://laohu8.com/S/601919\">COSCO Shipping Holdings</a>、<a href=\"https://laohu8.com/S/300274\">solar power supply</a>、<a href=\"https://laohu8.com/S/300059\">Eastmoney</a>、<a href=\"https://laohu8.com/S/002352\">SF Holding</a>The company saw the largest net inflows, with net inflows of 2.902 billion yuan, 1.098 billion yuan, 885 million yuan, 848 million yuan, and 689 million yuan respectively; Meanwhile, Oriental Yuhong, CATL,<a href=\"https://laohu8.com/S/600809\">Shanxi Fenjiu</a>Kweichow Moutai and Daqin Railway saw significant reductions in holdings, with net outflows of 1.439 billion yuan, 1.321 billion yuan, 1.242 billion yuan, 1.115 billion yuan, and 889 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/5e13c2b1421570eb18950928f99cc21c\" tg-width=\"1080\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>From a trading perspective, the top five stocks with the largest net inflows last week were:<a href=\"https://laohu8.com/S/600887\">Yili Group</a>LONGi Green Energy Technology<a href=\"https://laohu8.com/S/01919\">COSCO Shipping Holdings</a>Sungrow Power Supply<a href=\"https://laohu8.com/S/000009\">Bao'an, China</a>Net inflows of RMB 1.62 billion, RMB 1.287 billion, RMB 856 million, RMB 732 million, and RMB 591 million respectively; The top five stocks with the largest net outflows from trading sessions last week were, in order:<a href=\"https://laohu8.com/S/WX\">WuXi AppTec</a>CATL, BOE Technology Group Co., Ltd., Shanxi Fenjiu, and Oriental Yuhong saw net inflows of 1.466 billion yuan, 977 million yuan, 969 million yuan, 879 million yuan, and 673 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/6c495f4402003ce67108ced17da4da15\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\"></p><p>From the perspective of allocation, the top five stocks with the largest net inflows of allocation last week were: LONGi Green Energy Technology Co., Ltd.,<a href=\"https://laohu8.com/S/603259\">WuXi AppTec</a>Eastmoney<a href=\"https://laohu8.com/S/300760\">Mindray Medical</a>、<a href=\"https://laohu8.com/S/601166\">Industrial Bank</a>Net inflows of RMB 1.615 billion, RMB 926 million, RMB 734 million, RMB 696 million, and RMB 571 million respectively; Last week, the top five stocks with the largest net outflows from allocation positions were: Kweichow Moutai, Daqin Railway, Yili Group, Oriental Yuhong, and Sany Heavy Industry, with net inflows of 991 million yuan, 974 million yuan, 943 million yuan, 766 million yuan, and 633 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/cf115404891a095b8db339ba773ba4e4\" tg-width=\"1080\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning</b></p><p>1. Increased volatility in overseas markets; 2. Risk of exchange rate depreciation.</p>","source":"ywhs","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Guosheng Strategy: Foreign capital inflows slowed, and trading positions withdrew slightly.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGuosheng Strategy: Foreign capital inflows slowed, and trading positions withdrew slightly.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">尧望后势</strong><span class=\"h-time small\">2021-06-16 15:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Core Points</b></p><p><b>I. Overall Allocation: Inflationary disturbances intensify, northbound inflows slow down.</b></p><p><b>Inflationary disturbances have intensified, and market sentiment has become more cautious.</b>The US CPI rose 5% year-on-year in May, the largest year-on-year increase in nearly 13 years, while the PPI rose 6.6% year-on-year, also a new high in nearly 10 years. Inflationary pressures have intensified significantly. The Federal Reserve's repeated emphasis that inflation is temporary and its maintenance of an ultra-loose monetary stance has, to some extent, offset market concerns about tightening monetary policy. However, high inflation, coupled with previously positive manufacturing PMI and unemployment rate data, has led investors to focus on the Fed's June FOMC decision, playing on Taper signals, and market sentiment has clearly become more cautious. Domestically, the PPI rose further to 9% year-on-year in May. Yi Gang, governor of the People's Bank of China, said that the overall domestic price trend was controllable, the MLF continued to be renewed at equal parity, and monetary policy remained stable.</p><p><b>Northbound inflows have slowed, with trading positions experiencing slight outflows for the second consecutive week.</b>Last week, northbound capital inflows shrank to 2.931 billion yuan, while southbound capital outflows reached 1.546 billion yuan. According to our analysis and estimation of northbound Stock Connect funds, northbound allocation funds saw a net inflow of 5.892 billion yuan last week, while trading funds saw a slight outflow of 2.775 billion yuan. The cumulative net inflows of allocation funds and trading funds this year reached 222.326 billion yuan and -230 million yuan, respectively. Last week, positions on the main board decreased, while positions on the ChiNext and STAR Market increased. As of June 11, the holding ratios of northbound traders on the main board, ChiNext, and STAR Market were 84.09%, 15.68%, and 0.23%, respectively.</p><p><img src=\"https://static.tigerbbs.com/150a641710b56b832bec4d873884e23c\" tg-width=\"1080\" tg-height=\"417\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/93cc0ddfbe99236a911d9531959907a6\" tg-width=\"1080\" tg-height=\"416\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2f23576ad34aa9eda027b1279abb915\" tg-width=\"1055\" tg-height=\"522\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d2bad31438783ba4a63f15bbf5d6eb34\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>II. Sector Allocation: Electrical equipment and banking sectors saw concentrated increases in holdings.</b></p><p><b>Northbound investors are concentrating their holdings in sectors such as electrical equipment and banking.</b>According to our estimates, the electrical equipment, banking, and transportation sectors saw the largest net inflows last week, with net inflows of 2.947 billion yuan, 1.741 billion yuan, and 1.386 billion yuan respectively. Meanwhile, the food and beverage, electronics, and building materials industries saw significant net outflows, with net outflows of 2.672 billion yuan, 1.157 billion yuan, and 1.023 billion yuan respectively.</p><p>In terms of the nature of funds, the trading volume mainly flowed into the electrical equipment, transportation and comprehensive industries, with net inflows of 1.927 billion yuan, 1.53 billion yuan and 815 million yuan respectively; Meanwhile, concentrated outflows occurred in the electronics, chemical, and non-ferrous metals industries, with net outflows of RMB 2.795 billion, RMB 1.361 billion, and RMB 937 million respectively; The allocation funds mainly flowed into the banking, pharmaceutical and biological, and chemical sectors, with net inflows of RMB 1.88 billion, RMB 1.797 billion, and RMB 1.568 billion respectively. The main outflows were from the food and beverage, building materials, and real estate sectors, with net outflows of RMB 2.436 billion, RMB 764 million, and RMB 565 million, respectively.</p><p><img src=\"https://static.tigerbbs.com/1f86240e97f6c1ea5f4f9ad5dbe06d64\" tg-width=\"1064\" tg-height=\"548\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ae0dc07b2ba6d825912d92e37c11d87\" tg-width=\"1080\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p><b>Electrical equipment saw the largest increase in positions, while food and beverage positions saw a significant decrease.</b>。 In terms of changes in the market value of shareholdings, the market value of shareholdings in the electrical equipment, computer and automotive industries increased significantly last week, by 13.933 billion yuan, 3.305 billion yuan and 2.53 billion yuan respectively; Meanwhile, the market value of stocks held in the food and beverage, home appliance and banking industries declined significantly, decreasing by 20.059 billion yuan, 6.863 billion yuan and 4.518 billion yuan respectively. Looking at changes in stock holdings, the electrical equipment, computer, and automotive sectors saw significant increases last week, rising by 0.58%, 0.14%, and 0.11% respectively. Meanwhile, positions in the food and beverage, home appliance, and banking sectors declined significantly, decreasing by 0.66%, 0.22%, and 0.12%, respectively.</p><p><img src=\"https://static.tigerbbs.com/31e68c98b6b7ac758f2299f8788f26bf\" tg-width=\"1063\" tg-height=\"525\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1139282920e4742961a697407c086f4a\" tg-width=\"1060\" tg-height=\"541\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3a928b2b5542e4ca34e124b960f31809\" tg-width=\"1053\" tg-height=\"536\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/dd1a2bbc9d36d6c83586b46d61c6aa60\" tg-width=\"795\" tg-height=\"671\" referrerpolicy=\"no-referrer\"></p><p><b>III. Stock Allocation:<a href=\"https://laohu8.com/S/601012\">LONGi Green Energy</a>Leading the increase in holdings,<a href=\"https://laohu8.com/S/002271\">Oriental Yuhong</a>Significant reduction in holdings</b></p><p><b>Overall shareholding concentration continued to decline, while the proportion of companies with high shareholdings increased.</b>。 In terms of changes in shareholding concentration, the market value of the top 20 holdings of northbound stocks through the Stock Connect decreased by 0.21% to 41.21% last week. The number of companies holding more than 10% of the circulating share capital is 61. The top 5 holdings are, in order:<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>、<a href=\"https://laohu8.com/S/000333\">Midea Group</a>、<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/300750\">CATL</a>and<a href=\"https://laohu8.com/S/000858\">Wuliangye</a>The shareholding sizes are 209.517 billion, 83.805 billion, 76.172 billion, 70.478 billion and 67.324 billion respectively.</p><p><img src=\"https://static.tigerbbs.com/06968e61921370f4195ea98f0bd995d5\" tg-width=\"991\" tg-height=\"489\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/707d5e862bf6c6e3a1b0c2b32dbd4479\" tg-width=\"751\" tg-height=\"735\" referrerpolicy=\"no-referrer\"></p><p>Looking at the overall net inflow, last week LONGi Green Energy Technology Co.,<a href=\"https://laohu8.com/S/601919\">COSCO Shipping Holdings</a>、<a href=\"https://laohu8.com/S/300274\">solar power supply</a>、<a href=\"https://laohu8.com/S/300059\">Eastmoney</a>、<a href=\"https://laohu8.com/S/002352\">SF Holding</a>The company saw the largest net inflows, with net inflows of 2.902 billion yuan, 1.098 billion yuan, 885 million yuan, 848 million yuan, and 689 million yuan respectively; Meanwhile, Oriental Yuhong, CATL,<a href=\"https://laohu8.com/S/600809\">Shanxi Fenjiu</a>Kweichow Moutai and Daqin Railway saw significant reductions in holdings, with net outflows of 1.439 billion yuan, 1.321 billion yuan, 1.242 billion yuan, 1.115 billion yuan, and 889 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/5e13c2b1421570eb18950928f99cc21c\" tg-width=\"1080\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>From a trading perspective, the top five stocks with the largest net inflows last week were:<a href=\"https://laohu8.com/S/600887\">Yili Group</a>LONGi Green Energy Technology<a href=\"https://laohu8.com/S/01919\">COSCO Shipping Holdings</a>Sungrow Power Supply<a href=\"https://laohu8.com/S/000009\">Bao'an, China</a>Net inflows of RMB 1.62 billion, RMB 1.287 billion, RMB 856 million, RMB 732 million, and RMB 591 million respectively; The top five stocks with the largest net outflows from trading sessions last week were, in order:<a href=\"https://laohu8.com/S/WX\">WuXi AppTec</a>CATL, BOE Technology Group Co., Ltd., Shanxi Fenjiu, and Oriental Yuhong saw net inflows of 1.466 billion yuan, 977 million yuan, 969 million yuan, 879 million yuan, and 673 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/6c495f4402003ce67108ced17da4da15\" tg-width=\"1080\" tg-height=\"459\" referrerpolicy=\"no-referrer\"></p><p>From the perspective of allocation, the top five stocks with the largest net inflows of allocation last week were: LONGi Green Energy Technology Co., Ltd.,<a href=\"https://laohu8.com/S/603259\">WuXi AppTec</a>Eastmoney<a href=\"https://laohu8.com/S/300760\">Mindray Medical</a>、<a href=\"https://laohu8.com/S/601166\">Industrial Bank</a>Net inflows of RMB 1.615 billion, RMB 926 million, RMB 734 million, RMB 696 million, and RMB 571 million respectively; Last week, the top five stocks with the largest net outflows from allocation positions were: Kweichow Moutai, Daqin Railway, Yili Group, Oriental Yuhong, and Sany Heavy Industry, with net inflows of 991 million yuan, 974 million yuan, 943 million yuan, 766 million yuan, and 633 million yuan respectively.</p><p><img src=\"https://static.tigerbbs.com/cf115404891a095b8db339ba773ba4e4\" tg-width=\"1080\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning</b></p><p>1. Increased volatility in overseas markets; 2. Risk of exchange rate depreciation.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/7iKc0TP-MwBKdGsZeJp8xQ\">尧望后势</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/7iKc0TP-MwBKdGsZeJp8xQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160592405","content_text":"核心观点\n一、总体配置：通胀扰动加剧，北上流入放缓\n通胀扰动加剧，市场情绪趋于谨慎。美国5月CPI同比高增5%，创近13年来最大同比增速，PPI同比增长6.6%，亦创近10年以来新高，通胀压力显著升温，而美联储反复强调通胀是暂时的并维持超宽松货币立场，一定程度上对冲了市场货币政策收紧的担忧，但高通胀叠加此前持续向好的制造业PMI和失业率数据使得投资者集中关注美联储的6月FOMC决议，博弈Taper信号，市场情绪明显趋于谨慎。国内方面，5月PPI同比进一步升至9%，中国人民银行行长易纲表示国内物价走势整体可控，MLF继续等额平价续作，货币政策保持平稳。\n北上流入放缓，交易盘连续两周小幅流出。上周北上资金流入规模缩减至29.31亿元，南下资金小幅流出15.46亿元。根据我们对陆股通资金的拆解和估算，北上配置盘上周净流入规模为58.92亿元，交易盘小幅流出27.75亿元，配置盘和交易盘今年以来累计净流入分别达到2223.26亿元和-2.3亿元。上周主板仓位下降，创业板和科创板仓位上升，截至6月11日，陆股通主板、创业板、科创板持仓比例分别为84.09%、15.68%和0.23%。\n\n二、行业配置：电气设备和银行获集中加仓\n北上集中加仓电气设备和银行等行业。根据我们的估算，上周电气设备、银行和交通运输行业净流入居前，分别净流入29.47亿元、17.41亿元和13.86亿元；同时食品饮料、电子和建筑材料行业净流出较多，分别净流出26.72亿元、11.57亿元和10.23亿元。\n从资金性质拆分看，交易盘主要流入电气设备、交通运输和综合行业，分别净流入19.27亿元、15.3亿元和8.15亿元；同时集中流出电子、化工和有色金属行业，分别净流出27.95亿元、13.61亿元和9.37亿元；配置盘主要流入银行、医药生物和化工行业，分别净流入18.8亿元、17.97亿元和15.68亿元；主要流出食品饮料、建筑材料和房地产行业，分别净流出24.36亿元、7.64亿元和5.65亿元。\n\n电气设备仓位提升居首，食品饮料仓位回落较多。从持股市值变动角度看，上周电气设备、计算机和汽车行业持股市值大幅提升，分别增加139.33亿元、33.05亿元和25.3亿元；同时食品饮料、家用电器和银行行业持股市值回落较多，分别减少200.59亿元、68.63亿元和45.18亿元。从持股仓位变动看，上周电气设备、计算机和汽车行业仓位提升较多，分别提升0.58%、0.14%和0.11%；而食品饮料、家用电器和银行行业仓位回落较多，仓位分别下降0.66%、0.22%和0.12%。\n\n三、个股配置：隆基股份增持居前，东方雨虹遭减持较多\n整体持股集中度继续回落，持股高占比公司上升。从持股集中度变动看，陆股通前二十大重仓股持股市值占比上周下降0.21%至41.21%。而持股占流通股本比例超过10%的公司数目为61家。前5大重仓股依次为贵州茅台、美的集团、招商银行、宁德时代和五粮液，持股规模分别为2095.17亿、838.05亿、761.72亿、704.78亿和673.24亿。\n\n从整体净流入看，上周隆基股份、中远海控、阳光电源、东方财富、顺丰控股净流入居前，分别净流入29.02亿元、10.98亿元、8.85亿元、8.48亿元、6.89亿元；同时东方雨虹、宁德时代、山西汾酒、贵州茅台、大秦铁路减持较多，分别净流出14.39亿元、13.21亿元、12.42亿元、11.15亿元、8.89亿元。\n\n从交易盘角度看，上周交易盘净流入前五大个股依次为：伊利股份、隆基股份、中远海控、阳光电源、中国宝安，分别净流入16.2亿元、12.87亿元、8.56亿元、7.32亿元、5.91亿元；上周交易盘净流出前五大个股依次为：药明康德、宁德时代、京东方A、山西汾酒、东方雨虹，分别净流入14.66亿元、9.77亿元、9.69亿元、8.79亿元、6.73亿元。\n\n从配置盘角度看，上周配置盘净流入前五大个股依次为：隆基股份、药明康德、东方财富、迈瑞医疗、兴业银行，分别净流入16.15亿元、9.26亿元、7.34亿元、6.96亿元、5.71亿元；上周配置盘净流出前五大个股依次为：贵州茅台、大秦铁路、伊利股份、东方雨虹、三一重工，分别净流入9.91亿元、9.74亿元、9.43亿元、7.66亿元、6.33亿元。\n\n风险提示\n1、海外市场波动加剧；2、汇率贬值风险。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":3792,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
