A Shares Vigorously Pursue Overseas Funds

　　 Abroad ETF Be praised

In recent years, China's A shares have continued to record high, which has directly stimulated the popularity of overseas A share investment products. Recently, the RQFIIA share ETF, which landed on the New York stock exchange, has been touted by investors in the United States, A50ETF. The fund raised the largest scale since 2007 when the US stock market ETF was first raised, and it continued to be popular among investors after the listing, and the fund price continued to widen compared to the net asset premium rate per unit.

Prior to that, many Chinese funded companies such as southern, Yi Fangda, and cashmere have launched RQFII A shares ETF in Europe and the United States. More and more global Investor It is gradually realized that the RQFII system provides a high quality channel to invest in A shares. As the largest and most active A share in the market at present, ETF, A50ETF of Southern FTSE, has also won the enthusiastic pursuit from many overseas short and long term investors.

　 Conducive to medium and long term development of stock market

Besides passing A shares Such channels like ETF will continue to flow into the A share market in the future.

Recently, Zhou Xiaochuan, governor of the people's Bank of China, publicly expressed his intention to achieve capital account convertibility through efforts in all aspects of reform. Earlier analysts pointed out that speeding up the pace of internationalization of the RMB and accelerating the export of capital can release excess liquidity and reduce inflationary pressure. Gradually opening capital account to provide reflux channels for overseas RMB can also alleviate the pressure of passive growth of domestic money to a certain extent.

In addition, promoting the convertibility of RMB capital account helps to speed up the integration of domestic and foreign markets. Earlier, the expansion of QFII and RQFII investment quota made the long term capital market expected to rise, pushing up the stock index rebound. With the opening of capital account, more positive and more effective capital supply is expected in the future.

Another big expectation in the market is that management is pushing A shares into the MSCI index in the future. At present, there are about 1 trillion and 400 billion US dollars in capital tracking this index. Once the index weight is adjusted, at least 8 billion US dollars are expected to be invested in the A share market. If we consider the adjustment of A shares in the MSCI Asia Pacific Index and the global index weight, the size of the A share market will reach US $12 billion.

　　 Growth stocks ETF LED

Compared with foreign investors, such as China's A50 blue chip ETF, domestic institutions are more optimistic about the prospects of growth ETF.

Data show that last week, blue chip ETT generally suffered a net redemption, and Huatai Berry's share of Shanghai and Shenzhen 300ETF had shrunk to 7 billion 376 million from the previous weekend's 8 billion 600 million. In addition, Jiaxi Shanghai 300 (160706) ETF, Yi Fangda Shanghai and Shenzhen 300 non silver ETF, Huaxia Shanghai and Shenzhen 300ETF, Yi Fangda Shanghai and Shenzhen 300ETF and Huaxia Shanghai 50 (510050) ETF were redeemed by a larger proportion of institutions.

It is noteworthy that last week, 500ETF, a financial CSI, was also the biggest ETF in the market yesterday. Early yesterday, the South China card 500ETF opened at 1.935 yuan, and pulled up rapidly at the close. Its premium space rose to 1.63%. Institutional funds flocked in late.

Analysts say that 500 of the South China CSI card companies are small and medium-sized companies with high growth potential, covering the domestic demand leading industries that will grow rapidly in the period of China's economic transformation.