Our reporter Wang Ning
After the Shanghai Composite Index returned to 3,000 points, market confidence began to gradually recover.
On November 23, Shanghai Baoyin Private Equity Fund Management Co., Ltd. (hereinafter referred to as "Baoyin Investment") issued a notice stating that the company plans to use its own funds and employee funds totaling 100 million yuan to purchase fund products managed by the company this year; It is also the 22nd self-purchase action taken by a securities private equity manager within the year.
The "Securities Daily" reporter learned from people related to Baoyin Investment that the planned self-purchase of 100 million yuan will all be invested in its three RMB funds. There will be no lock-up period and it is planned to hold it for a long time. Self-purchase funds will reach 20% of the total management scale, which is also based on a long-term optimistic decision on the A-share market.
Institutions remain neutral and optimistic
On November 23, the Shanghai stock index closed at 3096.91 points, an increase of 0.26%. The total turnover of the Shanghai and Shenzhen stock markets exceeded 830 billion yuan, and the net purchase of northbound funds reached 1.565 billion yuan; Closed (including ST shares).
On the same day, the leading securities private placement insurance bank investment issued a notice stating that the company plans to purchase fund products managed by the company with a total of 100 million yuan of its own funds and employee funds this year.
The company stated that as of now, the company's internal funds have exceeded 20% of the total management scale of RMB and US dollar funds; it will continue to pursue the principle of long-term investment, and will continue to increase the scale of its own capital investment in the future, sharing risks and benefits with investors .
In an interview with a reporter from "Securities Daily", a relevant person from Baoyin Investment said that for the company's current self-purchase action, on the one hand, the company has a long-standing tradition of self-purchase, and actively encourages employees to invest in the company's funds. The proportion of employee follow-up investment to the company's management scale has long been at the forefront of the industry, which is highly consistent with the interests of investors; on the other hand, based on the current market conditions, it has full confidence in future market investment opportunities and the company's management capabilities.
A person familiar with the matter revealed to the reporter: "Baoyin Investment has purchased a total of 3 products, all of which are RMB funds. This is different from the US dollar funds invested in the past, which fully reflects the optimistic attitude towards the A-share market. There will be no lock-up period for this self-purchase, and we plan to hold it for a long time.”
Regarding future investment opportunities, Baoyin Investment said that with the further optimization of China's real estate policy, more precise and efficient epidemic prevention and control, and the slowdown of the Fed's interest rate hike, several factors that have a greater impact on China's capital market have gradually turned for the better.
For a period of time to come, we maintain a neutral to slightly optimistic view of structural investment opportunities in Chinese assets.
22 private equity companies have purchased more than 3 billion yuan in total
According to the incomplete statistics of the private equity ranking network, as of November 23, a total of 22 private equity companies have taken self-purchase actions during the year, with a total amount of about 3.076 billion yuan.
Among them, 12 private equity self-purchases amounted to 100 million yuan or more, and the highest self-purchase amount was about 1 billion yuan.
On the whole, tens of billions of private equity is the main force of self-purchase, and there are 15 tens of billions of private equity in the year, with a self-purchase amount of about 2.808 billion yuan.
Liu Youhua, deputy director of the wealth research department of Pai Pai.com, told the "Securities Daily" reporter that a number of private equity purchases during the year were based on the consideration of stabilizing investors and boosting market confidence. Self-purchase can improve investors' confidence and avoid Irrational redemption; second, based on full confidence in the future market, the current characteristics of the bottom of A-shares are very obvious, and the valuation is also at a low level. In the long run, investment performance is relatively high.
Since the beginning of this year, the self-purchased targets of securities private equity have mainly concentrated on long-term stock strategy products. Due to the poor performance of the previous index, investors’ holding experience is relatively low, and their confidence in holdings has also dropped sharply. Therefore, private equity managers through self-purchase, Passing positive and optimistic signals to it will help improve confidence.
He Li, general manager of Zhishan Investment, told reporters that in the next three years, the main line of investment will focus on three aspects: first, financial stocks and other valuations will return upward; second, in the carbon neutral subdivision track, the profits of some companies will There has been a significant improvement; third, under the expectation of recovery, consumer stocks will usher in the realization of their performance.
On the whole, the above sectors have high certainty, and the company will explore investment opportunities in these main lines in the future.
(Securities Daily)