coafort wrote:
做多被巴做空也被巴想...(恕刪)
沒辦法證明，就不要說自己很厲害
這跟眾多老師天天在電視台說今天哪隻漲停就說他早就了買，哪隻跌停就說早就賣掉了，有什麼差別，我不會想學你的方法，只是怕有人誤入歧途。
貼貼一些畫餅的新聞，看看能否激勵人心吧！....
富時羅素：或將A股納入指數權重高於競爭對手MSCI
據《路透社》報道，富時羅素行政總裁Mark Makepeace表示，若果富時羅素決定下個月將A股納入其旗艦指數，屆時給予A股權重，可能高於競爭對手明晟MSCI，但重申，只會在得到大多數投資者支持的情況下，才會這樣做。
近期中證監分別召開黨委會及主席辦公會，研究工作包括積極支持A納入富時羅素國際指數，及提升A股在MSCI指數中的比重。
Exclusive: FTSE Russell may give mainland China stocks more weighting than MSCI
HONG KONG (Reuters) - Index provider FTSE Russell could give a greater weighting to mainland Chinese stocks than rival MSCI if it decides to include them in its flagship indices next month, its chief executive told Reuters.
FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China November 24, 2017. REUTERS/Aly Song/File Photo
MSCI this year became the first index provider to force its passive fund followers into Shanghai and Shenzhen-listed stocks - a milestone in the opening up of Chinese markets to international capital. It was also a highly contentious move due to investor concerns about Chinese corporate governance and market practices.
The growing financial might of mainland firms is hard to ignore. Shanghai and Shenzhen-listed A-share companies are worth a combined $7.1 trillion in market capitalization - and together can be considered the world’s second-largest equity market after the United States.
In MSCI’s flagship emerging markets index, Chinese A-shares only account for 0.78 percent - part of a gradual, phased inclusion to avoid sudden market moves. Asked whether FTSE Russell’s A-share weighting could be bigger, CEO Mark Makepeace said: “I think that’s a possibility.”
“We’ll only do it if we have the support of the big investors,” he said in an interview, adding the firm was still consulting with investors and other stakeholders.
The FTSE emerging markets index currently has a slightly higher total proportion of Chinese stocks - mainly those listed in Hong Kong and New York - at 32.2 percent versus MSCI’s 31.2 percent.
The growing popularity of passive funds which track indices has made index providers powerful arbiters of market trends. Trillions of dollars are benchmarked against MSCI and FTSE Russell indices.
FTSE Russell estimates that about 40 percent of passive funds tracking global indices and global emerging market indices follow its benchmarks and the rest follow MSCI. MSCI did not immediately respond to a request for comment.
FOREIGN INVESTMENT PUSH
Makepeace’s comments follow an announcement this week by the China Securities Regulatory Commission (CSRC) that attracting inflows to China was among its priorities.
The commission said it would “actively support the inclusion of A-shares in the FTSE Russell international index and raising the proportion of A-shares in the MSCI index.”
China has recently made a raft of decisions giving foreigners greater access to its markets. These include the easing of foreign investment curbs in the banking, auto and resources sectors.
In June, Beijing lifted a monthly cap on foreign fund manager outflows which investors had frequently cited as a sticking point for their China interest.
Makepeace said investors expected foreign ownership of listed Chinese companies, currently limited to 30 percent, to rise at some point.
“I think the question for people like FTSE Russell and MSCI is not whether we include A-shares but it’s how much. Over the next five to seven years we have to get to that foreign ownership limit – and that’s only going to go up,” he said.
But many international investors remain cool to mainland shares. Just under half of foreign investors polled by the Asian Corporate Governance Association thought MSCI’s inclusion was wrong. Only 27 percent were in favor while the rest said they had a neutral stance.
The survey reported that 59 percent of investors felt they did not understand corporate governance in China, including practices around the roles and responsibilities of non-executive directors, supervisory boards and Communist Party committees.
Shanghai Electric Group Co Ltd
5.25
601727.SSSHANGHAI STOCK EXCHANGE
-0.10(-1.87%)
601727.SS
601727.SS600436.SS600398.SS
The ease with which mainland-listed companies can suspend trading - leaving investments effectively frozen - is also an oft-cited concern, although mainland regulators have been working to limit suspensions.
About a third of the Chinese market was suspended in this fashion during a 2015 market rout, scarring foreign investors unable to value their holdings accurately.
Makepeace said, however, however the next stage for China was for institutional investors to help shape corporate governance practices.
“Governance is going to follow international investors coming into this market. You’re not going to get the engagement [with management] if you don’t have the ownership,” he said.
FTSE began including A-shares in 2015 but only via a parallel set of indices - one with A-shares, one without - that allowed investors to include the mainland if they chose. Its biggest fund manager client, Vanguard, began to transition to the new indices that year, but few other big investors followed.
There are nearly 1,900 companies listed on the main Shanghai and Shenzhen boards, ranging from China’s giant state-owned banks to piano makers.
Both MSCI and FTSE weight their indices by companies’ market capitalization. The A-share firms given the largest weighting by MSCI include Shanghai Electric Group (601727.SS), Zhangzhou Pientzehuang Pharmaceutical Ltd (600436.SS) and HLA Corp (600398.SS).
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