Photo shows an investor looks for information of a listed company at a securities firm in west China on Feb. 23, 2016.
BEIJING, Aug. 31 (Xinhua) -- The overall A-share positions of publicly-offered funds and private equity (PE) funds in China fluctuated around relatively low levels in this year in late August, reported Xinhua-run Xinhua Finance Tuesday.
Last week, publicly-offered funds including ones investing in stocks and hybrid funds as well raised their A-share positions by 0.34 percentage point from the week prior to 66.12 percent by closing on August 27, showed an A-share position weekly report for publicly-offered funds issued by Howbuy.com, a third party wealth management platform in China.
Despite the week-on-week rise, their A-share position stayed still at a relatively low level since the start of this year as the portion stood below the 68.82 percent and 68.44 percent average levels by the last trading day of 2020 and by the end of the first quarter of this year, according to Howbuy.com.
For PE funds mainly investing in stocks, their A-share positions, which are always disclosed later than those for publicly-offered funds due to information disclosure and compliance requirements, averaged 77.71 percent by closing on August 20, down for two weeks in a row and falling to the absolute low levels this year.
For PE funds of different sizes, those with their assets at above two billion yuan saw their A-share positions fall notably in recent weeks while those with 5-10 billion yuan of assets maintained their relatively high A-share positions. Apart from these, PE funds with 10 billion yuan and more assets posted the largest reduction of A-share positions in recent weeks.
Analysts said the relatively low A-share positions of publicly-offered funds and PE funds explained to some extent why China's A-share market indices turned out sluggish recently.
In short and mid term, many large PE funds generally expect fluctuations are likely to dominate the A-share market.
Without foreseeable policy turning point in China, expectations for the U.S. Federal Reserve to announce bond-buying taper plan grow on and on and weigh continuously down global capital market, according to analysts with Shifeng Asset Management Co., Ltd.
Currently, the liquidity fundamental for A-share market and business performances of listed companies can not point to clear rally on A-share market.
In a word, China's A-share market is largely likely to run into a round of fluctuations in the following months of this year with structural opportunities and risks both existing for A-shares given the potential risks for economic growth slowdown, held analysts with Shifeng Asset Management Co., Ltd.
Analysts with Shanghai Mingyu Asset Management Co., Ltd. held a similar view, saying that China's A-share market may fluctuate amid structural rallies in the rest of this year.
As they believe, structural fiscal policy and monetary policy in China are anticipated to function in the following months of this year as the U.S. Fed remained relatively dovish in its latest stance for the bond-buying taper plan and there are mild challenges for China's economic growth in the following months. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
