Benefiting from the strong resilience of the Chinese economy, the continued efforts of macroeconomic policies, and the stabilization and recovery of the consumer market, China’s stock market has risen significantly this year. In the third quarter, the Shanghai Composite Index rose by more than 12%, and the Shenzhen Composite Index rose by nearly 30%. Against this background, overseas funds have increased their allocation of Chinese assets.
On the evening of October 22, Falcon (000890) announced that the company and BEKAERT STEEL CORD PRODUCTSHONG KONG LIMITED (hereinafter referred to as “Bekaert Hong Kong”) signed a “Memorandum of Understanding”, agreeing that the listed company intends to transfer its 10% stake in China Bekaert Steel Cord Co., Ltd. (hereinafter referred to as “Bekaert Steel Cord”) to Hong Kong Bekaert in cash.
After the completion of this transaction, the listed company will no longer hold equity in Bekaert Steel Cord. Before this transaction, the Hong Kong company BEKAERT STEEL CORD PRODUCTSHONG KONG LIMITED, the counterparty to the transaction, held 90% of the equity of the target company. After the transaction is completed, the counterparty will hold 100% of the equity of the target company.
According to disclosures, Bekaert Steel Cord will achieve an operating income indicator of 1.588 billion yuan in 2024, while Faersheng will achieve an operating income indicator of 312 million yuan. The operating income indicator of a 10% stake in Bekaert Steel Cord accounts for 50.85% of the listed company. Falsheng said that this transaction constitutes a major asset reorganization.
QFII has newly acquired 18 stocks
According to statistics from Securities Times·Databao, as of October 22, a total of 37 QFIIs appeared in the top ten shareholders’ lists of the third quarterly reports. Calculated based on the closing price at the end of the period, the total market value of positions reached 6.271 billion yuan. Among them, 13 stocks such as Siyuan Electric, China Xidian, and Haid Group had a market value of more than 100 million yuan.
Siyuan Electric’s third quarter report shows that Morgan Stanley increased its holdings of the company’s shares in the third quarter and is now the company’s fifth largest circulating shareholder. The value of its stock holdings at the end of the period reached 1.267 billion yuan. The company recently stated in investor research activities that overseas EPC projects are mainly concentrated in Southeast Asia and Africa. Based on the demand for local energy construction, order volume has increased this year.
Judging from changes in shareholdings, QFIIs made 18 new heavy holdings in the third quarter, increased their holdings by 11 shares, and reduced their holdings by 8 shares. Among the new heavy holdings, Platinum New Materials, Sinoma Technology, and Zhongce Rubber ranked first in terms of stock market value at the end of the period, with 607 million yuan, 499 million yuan, and 462 million yuan respectively.
QFII has continued to favor technology stocks this year. Among the new stocks or increased holdings, the focus covers stocks in lithium batteries, commercial aerospace, chips and other new productivity-related fields, such as Sinoma Technology and North Latitude Technology in the lithium battery sector, Tianyin Electromechanical and Starnet Yuda in the commercial aerospace sector, and Lianyun Technology and Platinum New Materials in the chip sector.
