Screening 2021 Chinese Listings by Turnover and Share Price

Summary

This note presents a Chinese stock selection screen using a turnover range of 3% to 12%, a 2021 listing year, and a share price near 18 yuan. Its description gives a more specific price of 18.5 yuan, while the final rule and code examples broaden that to a range from 18 to 19. The examples also introduce additional conditions, including trading volume, capitalization, and a price relationship to the prior close.

The article cautions that a precise price condition may leave too few candidates and that turnover, listing year, and price alone do not describe a stock’s full characteristics or risk. It recommends combining fundamental and technical information and assessing stability across market environments. No performance results or validation are reported. The inconsistent formulations of the price condition and the extra code filters mean the examples should not be treated as a single fully specified, tested strategy.

Key ideas

• The central screen combines turnover of 3% to 12%, a 2021 listing year, and a price near 18 yuan.
• The article alternates between a specific price of 18.5 yuan and a broader range of 18 to 19 yuan.
• The code adds volume, capitalization, and prior-day price conditions beyond the stated core rule.
• The author warns that a narrow price filter can sharply restrict the candidate set.
• No evidence of backtested or live performance is presented.

Tags

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