Chinese Stock Screening with Dividend Yield, Relative Volume, and Order Flow

Summary

This note describes a China-listed equity screen combining three filters: ranking stocks among the top 100 by volume ratio, requiring large-order net volume above 0.05 for at least three consecutive days, and selecting companies whose 2019 dividend payout ratio exceeded 25%. It frames relative trading activity and persistent large-order flows as signs of investor attention, while the dividend condition is intended to favor shareholder returns.

The document offers rationale and possible additions, such as market capitalization, price-to-earnings measures, and technical indicators including MACD or KDJ. It provides no historical performance results, test design, or evidence that the proposed filters predict returns. Its discussion also treats the conditions as a selection template rather than a complete trading system: it does not specify entry and exit rules, portfolio sizing, or how to handle changing data and execution costs. The fixed 2019 dividend screen may also be stale when applied later, and flow or volume signals can miss other opportunities or be affected by short-term fluctuations.

Key ideas

• The screen ranks equities by volume ratio and keeps the top 100.
• It requires large-order net volume above 0.05 for at least three consecutive days.
• It selects companies with a 2019 dividend payout ratio above 25%.
• The note suggests adding valuation, size, or technical filters, but supplies no performance evidence.

Tags

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