Chinese Stock Screen Using Turnover, Recent Returns, and Non-ST Status

Summary

This Chinese-language post outlines a stock-selection screen based on turnover of 3% to 12%, a positive return over ten days below 35%, and exclusion of stocks marked ST. It proposes running the selection before 10 a.m. and combining the filters with a named limit-up method. The post frames turnover and recent gains as technical selection criteria and non-ST status as a way to screen out distressed or specially treated shares. It also suggests adding capital-flow, MACD, or relative-strength indicators and considering intraday information.

The post identifies risks from pre-market news, broader market moves, possible overfitting, and uncertainty in the named method. It supplies sample Python code referencing market data, but the code’s daily fields and date-based checks do not clearly implement the stated ten-day return screen or a verified live pre-10 a.m. process. No backtest or performance evidence is presented, so the stated filters remain a proposal rather than a validated strategy.

Key ideas

• The proposed screen combines turnover, recent price gains, and exclusion of ST shares.
• The selection is intended to run before 10 a.m. and incorporate a limit-up selection method.
• The post suggests adding capital-flow or technical indicators as further filters.
• It flags news, market movement, and overfitting as risks.
• The sample code and narrative do not establish a valid backtest or strategy performance.

Tags

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