Chinese Stock Screening by Turnover, Float Size, and Price

Summary

This Chinese-language post outlines a simple mainland China stock screen using turnover, circulating share count or market value, and a specified share price. Its initial description gives a turnover range of 3% to 12%, a circulating share cap, and a price near 18.5 yuan. It includes example screening expressions and suggests adding fundamental and growth measures, such as profit growth, to refine the candidates.

The post warns that screening only on liquidity and price can overlook company value and financial quality, and recommends combining multiple factors. However, its criteria are inconsistent: the heading refers to a price of 18, the body specifies 18.5, and the final rule changes the turnover condition while describing the float limit differently. The example also uses an exact price match, which may make the screen highly restrictive. No backtest, sample definition, or evidence of returns is provided, so the screen should be treated as an illustrative starting point rather than a validated strategy.

Key ideas

• The proposed screen combines turnover, a limit on the circulating float, and a specified share price.
• The post recommends adding financial and growth measures to address weaknesses in a price-and-liquidity-only filter.
• The stated conditions conflict across the heading, explanation, and final screening rule.
• No backtest or performance evidence is supplied for the proposed screen.

Tags

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