Is the Beizheng 50 market open？ The market value of the five heavyweights exceeded 74.4 billion yuan, and incremental funds entered the market.
Our reporter (chinatimes.net.cn) Wang Zhaohuan reports from Beijing.
On November 4, 2022, after two months’ waiting, Beijing Stock Exchange officially released the sample stock list of Beizheng 50 Component Index (hereinafter referred to as "Beizheng 50"), and plans to officially release the real-time market on November 21, 2022 to reflect the overall operation of the market and provide investment targets and performance comparison benchmarks.
According to the index compilation plan, the top 50 securities are selected by the sample stocks of Beizheng 50 according to the market value scale and liquidity, which is both representative and growth. The total market value of the initial sample shares accounted for 71%, and the operating income, net profit and R&D expenditure accounted for over 65%. Covering 16 sub-sectors, the number of machinery and equipment, medicine and biology, power equipment and basic chemicals is in the top, and the fields of automobiles, electronics, national defense and military industry, food and beverage are all involved.
Among them, the top five heavyweights are Jilin Carbon Valley, Liancheng CNC, Betray, Yingtai Bio and Northland. As of November 4, the total market value of the five weights was 74.42 billion yuan.
In the first three quarters of 2022, the R&D expenditure of sample stocks increased by 45.4% year-on-year, the R&D intensity was 4.7%, and nearly 1,000 invention patents were accumulated; Relying on sustained and stable investment in innovation, revenue and net profit increased by 47.5% and 29.9% respectively.
Beijing Stock Exchange enters the fast lane.
Statistics from open source securities show that among the 50 constituent stocks of Beizheng, the number of specialized and special new "Little Giant" companies issued by the Ministry of Industry and Information Technology has reached 17, accounting for 34%. In addition, judging from the portraits of typical North Exchange 50 index companies, the average revenue of these companies in 2021 was 996 million yuan, the average net profit was 114 million yuan, the average price-earnings ratio was 20.42 times, and the compound growth rate of revenue in three years was 19.75%.
Zhu Haibin, general manager of the open source securities research center of the North Stock Exchange, said in an interview with the reporter of China Times that the North Stock Exchange 50 Index consists of 50 securities of the most representative listed companies with large scale and good liquidity. The appearance of Beizheng 50 makes the market have an important broad-based index for the first time, which can measure and observe the overall trend of the North Exchange, and has a clearer reference benchmark for the funds invested in the North Exchange, which will promote Public Offering of Fund and others to actively develop and lay out the index funds related to the North Exchange, expand the ETF market of the North Exchange, and also provide investors with better investment tools.
At the same time, it also means that the whole market has gradually entered a more mature state, and the North Exchange will enter a stage of rapid development.
According to the analysis of the seaside, specialization and novelty are the backbone to promote the development of the North Exchange. Beijing Stock Exchange has become the gathering place and main position of specialized and innovative companies. A total of 46 companies have been rated as national-level specialized and innovative "little giants", which are widely distributed in high-end equipment manufacturing, biomedicine, new chemical materials and other industries, with a total market value of 61.497 billion yuan, accounting for 32.63%.
At present, there are some "neck" technical problems in China’s industry, and specializing in special new enterprises is a sharp weapon to solve the problems to a great extent. Specialized and innovative "Little Giant" enterprises are in the leading position in technology and scale in the industrial chain, and through collaborative innovation with all parties in the industrial chain, they are the key subjects to enhance the stability and competitiveness of the industrial chain supply chain.
Introduce incremental funds
In the eyes of professionals, the release of Beizheng 50 provides an important reference for all parties in the market to follow up and observe the investment operation, which is convenient for investors to understand the overall performance of the securities listed on the North Stock Exchange and meet the demand for indexed investment. Supporting Beizheng 50, market authorization and index fund development are progressing in an orderly manner, which will introduce incremental funds and diversified investors to the market.
In an interview with China Times, Zhou Yunnan, a senior commentator on the New Third Board and the North Stock Exchange and founder of Beijing Nanshan Investment, pointed out that the launch of the North Stock Exchange 50 Index will once again focus the market on the head enterprises of the North Stock Exchange, and provide the market with a list of the secondary market of the North Stock Exchange, and also provide a reference index for the growth of the North Stock Exchange to the whole market to enhance the recognition.
In particular, reduce the information collection cost of investors in the North Exchange, so as to facilitate investors to understand and grasp the real-time dynamics and future trends of the overall plate of the North Exchange; Enrich the channels for social funds to invest in the North Exchange, attract more investors and funds to actively participate in the investment and trading of the North Exchange, thus improving the liquidity and activity of the North Exchange market.
Liu Zimu, the founder of Zimu Research, said in an interview with the reporter of China Times that the official release of the 50 Index of the North Exchange represents that the North Exchange has entered the index era. On the one hand, as a market vane, the index also represents the characteristics of the market and is an important indicator of external publicity.
Liu Zimu believes that the release of the North Exchange 50 Index will enable the North Exchange to integrate into the capital market ecology more quickly and lay the foundation for the landing of various financial products. For example, Public Offering of Fund can release fund products that track the 50 index of the North Exchange, which can be used as a benchmark for the performance evaluation of public and private funds investing in the North Exchange, and can be a configuration factor for institutional funds such as insurance funds and enterprise annuities to enter the North Exchange.
In this regard, Zhu Haibin pointed out that Beizheng A-shares, science and technology innovation board and Growth Enterprise Market are running in the same direction, but they are closer to the trend of CSI 1000, a small-cap stock index. According to the experience after the release of science and technology innovation board 50 Index, there are currently 8 science and technology 50ETF around science and technology innovation board 50 Index, with a total scale of over 50 billion yuan.
Among them, the largest Huaxia SSE science and technology innovation board 50ETF was listed on November 16, 2020, and its latest scale reached 38.416 billion yuan, an increase of 88.03% over the scale at the beginning of the year.
"It can be learned that the establishment of ETF funds after the release of science and technology innovation board’s index will also bring great help to the overall active and configured investment of the market." The seaside said.
Quote catalyst
Can yet we called and urged a thousand times before she started toward us’s Beizheng 50 Index bring different market performance to the Beijiao Stock Exchange?
Zhou Yunnan pointed out that with reference to the historical trend of the Science and Technology Innovation 50 Index, it was announced on June 19, 2020 that the point of the day was 1325.15 points, and then it rose to 1726.19 points on July 14 of that year, which is also the highest point record of the Science and Technology Innovation 50 so far, with the largest increase of 30.26%. On July 22 of that year, when it was officially launched, it was 1497.23 points, and the increase from the date of announcement to the date of launch was 12.99%.
According to the launching process of the science and technology innovation board Index, Zhou Yunnan predicted that the historical trend chart of the Beizheng 50 Index from the base date to November 18 will be released in advance on the trading day before the official launch on November 21, that is, after the close on November 18.
At the same time, the index will be around 1000 points on November 4, and will start ahead of schedule on November 7 (next Monday). It is expected that there will be an increase of more than 20% before the close on the 18th, and the index will be above 1200 points.
On the index fund, science and technology innovation board officially opened its market on July 22, 2019. On June 19, 2020, the Shanghai Stock Exchange released the compilation plan and sample stock list of Kechuang 50 Index, and on July 23, 2020, the real-time market was officially released. On September 11th, 2020, the first batch of Kechuang 50ETF were approved by the CSRC. On November 16, 2020, the first batch of Kechuang 50ETF were listed and traded.
Zhou Yunnan predicts that the first batch of Beizheng 50ETF funds may not be approved for listing until 2023. In the market, there will be a wave of rush to raise 50-component stocks of the North Exchange in the next two weeks, which just resonates with the expected market of the first anniversary of the opening of the North Exchange. After the official launch, if the cumulative increase in the past two weeks is large, there may be some adjustments after the cash is cashed.
In addition, Zhou Yunnan said that there will be a wave of fund opening during the period when the first batch of Beizheng 50ETF funds are approved for public offering and trading, because Beizheng 50ETF may also require to complete the opening of positions within three months.
Editor: Yan Hui Editor: Xia Shencha