Chinese Stock Screening with Dividend, Volume, Opening Gap, and Range Filters

Summary

This note describes a Chinese equity screen using an intraday range above 1%, current volume above 10,000 lots, a higher open, and a 2019 dividend ratio above 25%. It frames the rules as a combination of market activity, liquidity, opening sentiment, and shareholder distributions. The accompanying Python example adds further filters based on recent price behavior, a moving average, and traded amount, but the note provides no backtest, candidate list, or performance evidence. Its narrative rules and code do not map cleanly onto each other, so the example should be treated as illustrative rather than a verified implementation.

The author cautions that a high dividend figure may be temporary and does not establish stable earnings or growth; price and volume conditions also leave other drivers unexamined. Suggested improvements include adding valuation and technical measures and considering multiple risk factors. The screen depends on a historical dividend statistic and short-term market conditions, neither of which alone supports a conclusion about future returns or dividend sustainability.

Key ideas

• The stated screen combines range, current volume, a higher open, and a historical dividend-ratio threshold.
• The example code adds price-trend and traded-amount conditions beyond the narrative screen.
• The note warns that high historical distributions may not be sustainable and that the screen omits other drivers.
• No backtest or performance evidence is provided, and the implementation examples do not fully match the stated rules.

Tags

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