A-Share Screen for Turnover, Float Size, and Outstanding Convertible Bonds

Summary

This note describes a Chinese equity screening idea based on a turnover range of 3% to 12%, a circulating share count capped at 5.5 billion shares, and a nonempty name for an outstanding convertible bond. It frames turnover as a liquidity filter and bond issuance as an additional company attribute, then suggests adding fundamentals and growth measures to assess candidates more fully.

The evidence is a stated screening rule and formula examples; the document gives no historical performance, benchmark, or validation. Its examples also conflict: one formula uses a strict turnover threshold below 12% without the stated lower bound, while the Python fragment tests turnover above 0.3 and below 0.12, an impossible range. The prose also alternates between a share-count limit and a market-cap limit. These inconsistencies make the implementation ambiguous, and the bond-name condition alone does not establish credit quality or durable business strength.

Key ideas

• The proposed screen combines turnover between 3% and 12% with a cap on circulating shares and an outstanding convertible-bond name.
• The article treats turnover as a liquidity consideration and bond issuance as a supplementary company characteristic.
• It recommends combining these filters with fundamental and growth measures.
• The provided rule and code fragments contain inconsistent thresholds and units, so they need correction before use.

Tags

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