A Chinese Equity Screen Using Turnover and Share Price

Summary

The document describes a simple screen for Chinese listed equities. It selects shares with turnover between 3% and 12%, codes beginning with 60, and a price around 18.5 yuan. The accompanying example checks recent daily market data and keeps stocks whose latest close is within 0.5 yuan of the target. The title’s reference to a price of 18 differs from the body’s 18.5-yuan criterion, so the intended threshold is not fully consistent.

The rationale offered is to constrain liquidity and price, making the candidate set more manageable. The post itself provides no backtest, return evidence, or explanation for why this price band should predict performance. It also cautions that relying on a narrow price range may fail as market conditions or company fundamentals change, and suggests adding fundamental measures. This is best understood as a basic screening rule, not a demonstrated trading strategy; no entry, exit, position-sizing, or risk-control method is specified.

Key ideas

• The screen combines a turnover band, a stock-code prefix, and a target share-price range.
• The example implementation permits a 0.5-yuan deviation from its stated 18.5-yuan price target.
• The title and body give different target prices, leaving the exact intended threshold ambiguous.
• The document offers no backtest or evidence that the screening rules predict returns.
• Adding fundamental information is suggested to reduce dependence on a narrow price filter.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.