Chinese Stock Screen by Turnover, Float Value, and Region

Summary

This stock-screening rule selects Chinese A-share companies using daily turnover, circulating market value, and region. It specifies turnover between 3% and 12%, circulating value between 5 billion and 10 billion yuan, and excludes Beijing-listed companies. The accompanying explanation frames turnover as a measure of market activity and the size band as a way to focus on mid-sized firms. It recommends examining selected names further rather than treating the filters as a full investment decision.

The source includes a formula reference and sample Python code, but no evidence that the screen was backtested or that it produces superior returns. It cautions that the filters omit company financial health, industry conditions, and broader market context. Suggested refinements include reviewing balance-sheet and cash-flow measures and assessing macroeconomic and sector risks. The screen is therefore a candidate-selection method with notable fundamental and implementation gaps, not a tested strategy with documented performance.

Key ideas

• The screen limits turnover to a band from 3% to 12%.
• It selects firms with circulating market value between 5 billion and 10 billion yuan.
• The rule excludes Beijing-listed A-share companies.
• The article recommends adding financial-statement and industry analysis to assess candidates.
• No backtest, benchmark comparison, or performance statistics are reported.

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