Chinese Stock Screen Using Price Range, Float Size, and Main-Fund Activity

Summary

The post outlines a Chinese equity screening rule combining three conditions: prior-session price amplitude above one percent, tradable share float no greater than 5.5 billion shares, and a positive prior-session main-fund control reading. It frames these filters as a way to find active, relatively small-float stocks with signs of strong capital participation. Reference snippets show how to calculate the range condition, intersect the filters, and rank qualifying names by turnover when selecting a subset.

The post itself warns that the screen omits company financials and fundamentals, is exposed to broad market moves and company-specific shocks, and relies too heavily on capital-flow signals. It suggests adding profitability, assets, growth, industry outlook, and cash-flow measures, then reviewing the screen as conditions change. No backtest, return series, benchmark, or evidence that the filter predicts performance is supplied. The suggested screen is therefore a set of candidate-selection criteria, not a demonstrated investment strategy.

Key ideas

• The screen combines prior-session amplitude above one percent, a capped tradable share float, and positive prior-session main-fund activity.
• Qualifying stocks may be ranked by turnover to choose a smaller candidate list.
• The post cautions that the criteria omit company fundamentals and can be affected by market-wide and stock-specific events.
• It proposes supplementing capital-flow and size filters with financial health, growth, and industry considerations.
• No performance test or evidence of predictive returns is provided.

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