A Chinese Stock Screen Using Turnover, Broker Activity, and Price

Summary

This post describes a short-term Chinese equity screen that selects shares with turnover between 3% and 12%, a prior-day appearance on the market’s broker-reported active-stock list, and a closing price of 18.5 yuan. It suggests ranking qualifying stocks by volume and provides example indicator and data-filter logic. The article’s title rounds the price condition to 18, while its detailed description and screening logic specify 18.5.

The rationale is to combine trading activity and market attention to find heavily watched, lower-priced shares. The post offers no backtest, return data, or evidence that the conditions predict performance. It warns that the screen emphasizes market heat, omits fundamentals, and may select volatile stocks; it recommends considering industry and policy context and validating activity with other indicators. The exact price filter is unusually restrictive, and the screening idea should be treated as a speculative selection rule rather than an established strategy.

Key ideas

• The screen combines a turnover range, prior-day broker-list activity, and a specified share price.
• The post proposes ranking selected stocks by volume.
• It frames the method as a short-term speculative screen focused on market attention.
• The article provides no backtest or performance evidence for the screening conditions.
• It cautions that the rules omit fundamentals and can expose users to volatile, sentiment-driven stocks.

Tags

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