Chinese Stock Screening by Turnover, Daily Gain, and Listing Market

Summary

This screening idea selects stocks with turnover between 3% and 12%, a daily gain above 1%, and a main-board listing, while excluding Beijing-listed A-shares. The document presents the rule as a basic way to narrow a stock universe using current trading activity, price movement, and listing venue. It includes illustrative formula and Python examples, but does not describe a complete portfolio or entry and exit process.

The stated rationale is limited: excluding Beijing listings may reduce exposure to some local stocks, but the page acknowledges that this can also omit promising smaller growth companies. The examples are not fully consistent with the written criteria: one uses a Shanghai-code check and an index constituent condition, while the other does not explicitly enforce main-board membership. No backtest, outcome data, or evidence of risk reduction is provided, so the screen should be viewed as an unvalidated selection rule.

Key ideas

• The screen looks for turnover between 3% and 12% and a daily gain greater than 1%.
• It is intended for main-board shares and excludes Beijing-listed A-shares.
• The document offers sample implementations, but they do not consistently encode the written universe and filters.
• Excluding a market segment can also remove smaller companies with growth potential.
• No performance or risk evidence is presented.

Tags

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