Screening Chinese IPO Stocks by Turnover and Float Market Cap
Summary
This document describes a Chinese equity screen for stocks listed from 2021 onward, with daily turnover between 3% and 12% and circulating market capitalization between 5 billion and 10 billion yuan. It presents the filters as a way to combine trading activity, company size, and recent IPO status. The article includes both a formula-style specification and a Python example that groups records by stock and checks average turnover and circulating value, alongside listing date.
No performance results or backtest evidence are provided, so the screen’s investment value is asserted rather than demonstrated. The article itself warns that the filters omit company fundamentals and suggests examining balance-sheet condition, gross margin, and profit growth. Its code uses inclusive boundaries for the market-cap and turnover checks, while the stated logic describes ranges with endpoints that may be interpreted differently. Listing date and market data definitions should also be checked before implementation.
Key ideas
- The screen selects stocks listed in 2021 or later with turnover between 3% and 12%.\nIt limits circulating market capitalization to roughly 5 billion through 10 billion yuan.\nThe article frames turnover, size, and IPO timing as complementary selection criteria.\nIt gives no performance evidence and cautions that fundamental risks remain unaddressed.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.