融资融券市场跟踪：融资融券标的再次扩容_融资增速短期或将下降-2013-01-29.ppt

10!03!3110!05!1210!06!2410!08!0310!09!1010!11!0110!12!0911!01!1911!03!0711!04!1811!05!2711!07!0711!08!1611!09!2611!11!1011!12!2012!02!0712!03!1612!05!0212!06!1112!07!2012!08!2912!10!1512!11!22 10101010 101010 1111 11111111 111111 1212 12121212 121212 0331051106220729090610251201011002230401051306220729090610211129010902220330051506210731090610221128 a 5 1 8 2012129 1 278 25 500 s1010510120029 010- 60836754 1241069.812 s1010512110001 28.7%20 91.41293.8% 79.41282.1% 90900 12 20 23.8% 124 18.9 40.2 12 80 70 60 50 40 800 700 600 500 400 26%18.61228% 30 20 300 200 5% 1 5 20 300 5 10 0 2500 3500 100 0 300 2000 1500 3000 2500 2000 300etf 22% etf 300etf 1 55.7% 50etf 180etfetf 1000 500 0 1500 1000 500 0 etf57.5%300etf 57.6% etf 50etf154.2% etf 300etf 192.6% 2 etf 87.9% etf87.5% 50etf 300etf . 2013.1.10 50etfetf 2 73.1% : etf74.3% 3 2013.1.10 tmt2012.12.10 4 5 alpha 2012.9.4 . 2012.8.10 6 7 8 9 a 20 2011.11.28 20 2011.7.22 .2010.3 etf 1 1 2 2 2 3 . 4 . 5 1 2 5 6 1 etf 2 etf 3 2 2 3 4 vs300 300 . 3 3 . 5 . 5 3 4 . 4 4 4 6 7 20 20 20 20 . 5 6 . 6 . 7 1252013131 180300etf45 300 =2/a +/a 83.4% 74.3% 98200131 3.2 200 =2 54.46% / 42.26% / a a+ 500 a16.413.9a 27.2a18.360.2% 75.6% a 2012201189 27810etf a 70% a 1 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 12 12 12 12 12 12 12 12 12 03 05 06 08 09 11 12 01 03 04 06 07 09 10 11 01 02 04 05 07 08 09 11 12 31 13 28 06 16 08 17 28 17 29 13 22 01 20 30 12 29 13 28 09 17 27 14 25 10 10 10 10 10 10 10 11 11 11 11 11 11 11 11 12 12 12 12 12 12 12 12 03 05 06 08 09 11 12 02 03 05 06 08 09 11 12 02 03 05 06 08 09 11 12 31 14 30 11 27 15 27 15 29 13 27 08 20 08 20 09 22 10 21 03 14 02 14 1241069.8 1228.7%20 91.41293.8% 79.41282.1% 12440.2 1223.8%20 1 12 18.9 28% 12 2 26%18.6 140 120 100 80 60 40 20 0 0 5% 3 2012 1,200 1,000 800 600 400 200 0 2011 2011 3000 2500 2000 1500 1000 500 0 20 20% 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 10% 1300 5 20114 45300 300 2 201294201114201124201134201144 201164201154 201174201184201194201214201224201234 201254201244201274201264 2012842012104 20121142011104201111420111242012124 201314 5 3 35.0% 30.0% 25.0% vs 300 300 4 70.0% 60.0% vs hs300 300 1 y = 1.3652x + 0.0377 r = 0.0905 20.0% 15.0% 10.0% 5.0% 0.0% 5.0% 10.0% 15.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 10.0% 20.0% 30.0% 8.0%6.0%4.0%2.0%0.0%2.0%4.0%6.0%8.0% 20 etf 5 122013124 300etf55.7% 50etf 22%300etf180etfetf etf 57.5% etf 154.2% 192.6% 300etf 50etf etf 300etf 57.6%50etf etf87.5%etf87.9% 300etf50etfetf 73.1% 1 etf etf74.3% 100etf etf etf 300etf etf 100532640 74486912 8934588 65053144 2803444 12412191 6874887 486041 2742346 304792 10256169 3662373 731847 3329891 15068 46820100 50183232 12498614 34485196 106 30080944 7559945 2931831 7074476 0 30793655 8355207 3236306 4586666 0 180 etf 50etf 180etf 300etf etf 10512085 459223424 316713984 3022254592 10423650 73859 61900166 9467011 259085894 77177 83437 58986759 8825737 140664627 694049 429452 87932664 47456824 235689104 3211607 104361 73020762 14790354 370505952 809396 85252 68246227 12764672 371662099 573754 2013124 3 2etf 100etf etf etf 300etf etf -9.1% 46.2% -30.2% -1.7% 19.6% 44.4% 107.3% 22.7% -0.5% 34.0% 86.6% 9.3% 75.8% 13.0% -65.3% 15.0% 2.1% 60.7% 78.5% 5.0% 17.7% 3.6% 125.1% 287.9% -100.0% 30.2% 53.2% 265.3% 83.7% -100.0% 180 etf 50etf 180etf 300etf etf 57.5% 22.0% 33.2% 55.7% 26.3% -11.9% -9.6% -16.2% 74.2% 83.7% 93.5% -15.3% 122.5% 53.9% 2089.7% 129.3% 56.3% 154.2% 57.6% 192.6% 75.3% 73.9% -8.0% -2.0% 122.6% 78.3% 59.3% -18.7% -1.1% 230.6% 20131241 3 0.24% 0.65% 1.73% 1.23% 2.12% 1.27% 1.52% 0.82% 1.51% 0.59% 1.02% 2.36% 1.16% 1.93% 2.49% 2.65% 0.75% 2.97% 5.98% 1.41% 4.35% 0.48% 0.81% 1.29% 0.47% 0.77% 1.60% 0.19% 0.53% 1.49% 1.01% 1.86% 1.14% 1.29% 0.73% 1.06% 0.38% 0.85% 2.05% 1.02% 1.94% 2.07% 2.35% 0.59% 2.64% 3.90% 1.52% 3.37% 0.45% 0.51% 1.13% 0.37% 0.62% 1.36% 29.2% 22.0% 16.0% 22.0% 13.9% 11.2% 17.4% 12.4% 42.2% 55.1% 20.7% 15.3% 13.8% -0.3% 20.5% 13.2% 28.7% 12.8% 53.3% -7.33% 28.9% 7.0% 57.6% 14.3% 27.3% 25.0% 18.10% 0.0160% 0.0801% 0.1410% 0.0995% 0.19% 0.1473% 0.1429% 0.1039% 0.3073% 0.0679% 0.0519% 0.1851% 0.0642% 0.1698% 0.3283% 0.2871% 0.0335% 0.4421% 0.2493% 0.10% 0.3498% 0.0410% 0.06% 0.0780% 0.06% 0.1354% 0.19% 0.0084% 0.0383% 0.1073% 0.0682% 0.09% 0.0719% 0.0937% 0.0730% 0.0576% 0.0402% 0.0551% 0.1062% 0.1000% 0.1243% 0.1360% 0.1023% 0.0153% 0.1640% 0.0724% 0.05% 0.1962% 0.0153% 0.02% 0.0329% 0.02% 0.0537% 0.08% 90.9% 108.9% 31.4% 45.9% 108.80% 104.7% 52.6% 42.4% 433.4% 69.0% -5.8% 74.2% -35.8% 36.6% 141.4% 180.7% 119.7% 169.5% 244.4% 107.37% 78.3% 168.5% 212.05% 137.3% 220.97% 152.0% 149.43% 7.2% 3.9% 2.6% 6.2% 10.05% 6.6% 9.6% 4.3% 34.5% 5.3% 7.1% 5.3% 4.6% 11.5% 7.4% 6.4% 5.9% 7.2% 9.1% 9.98% 11.6% 5.7% 3.30% 6.7% 15.02% 8.7% 12.06% 2013124 4 5 vs 6 vs 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% y = 0.0341x + 0.0739 r = 0.0176 16% 14% 12% 10% 8% 6% 4% 2% 0% y = 0.0077x + 0.0613 r = 0.0883 40%30%20%10%0%10%20%30%100%0%100%200%300%400%500%600% 201312420201312420 420 / 0.9% 0.5% 1.0% 2.7% 0.4% 2.8% 0.6% 3.6% 1.0% 2.2% 6.7% 1.8% 2.0% 3.3% 1.4% 1.9% 1.6% 1.2% 0.1% 0.3% 0.2% 0.4% 1.2% 0.2% 1.3% 0.3% 1.8% 0.5% 1.1% 3.4% 0.9% 1.0% 1.7% 0.8% 1.0% 0.9% 0.7% 0.1% 205.9% 198.2% 184.2% 136.5% 116.3% 112.6% 104.4% 103.0% 102.9% 100.2% 97.3% 96.4% 93.7% 88.8% 87.1% 84.8% 79.0% 76.6% 75.7% 0.0093% 0.0141% 0.0245% 0.0119% 0.0078% 0.0279% 0.0004% 0.0901% 0.0702% 0.0178% 0.0245% 0.0174% 0.1312% 0.0590% 0.0366% 0.0147% 0.0011% 0.0153% 0.0187% 0.0268% 0.0306% 0.0304% 0.0019% 0.0207% 0.0115% 0.0031% 0.0830% 0.0684% 0.0216% 0.0313% 0.0236% 0.1610% 0.0334% 0.0189% 0.0332% 0.0007% 0.0178% 0.0338% -65.2% -53.9% -19.2% 541.3% -62.5% 143.5% -86.6% 8.6% 2.6% -17.5% -21.9% -26.1% -18.5% 76.8% 93.3% -55.8% 70.1% -13.9% -44.6% 1.8% 1.7% 2.6% 0.9% 1.6% 3.6% 0.1% 2.2% 6.7% 1.7% 0.8% 0.9% 4.6% 1.3% 5.3% 1.4% 0.2% 2.8% 5.2% -0.5% -4.5% 4.8% 2.3% 1.8% 8.9% 5.9% 20.7% 9.6% 0.2% -7.9% 4.5% 8.3% 39.5% 19.3% -0.9% 4.8% 1.6% -2.8% 2013124 5 420 / 0.6%1.7%-64.9%0.0183%0.0916%-80.0%2.8%1.4% a0.3% 1.1% 1.3% 1.7% 0.2% 1.1% 0.7% 0.5% 0.6% 0.1% 0.2% 0.3% 1.5% 2.2% 2.2% 2.4% 0.9% 1.3% 0.5% 1.9% 2.1% 2.6% 0.4% 1.7% 1.1% 0.7% 0.8% 0.1% 0.2% 0.3% 2.0% 2.8% 2.8% 2.9% 1.1% 1.5% -43.6% -43.3% -37.0% -36.0% -34.2% -33.3% -32.9% -31.4% -27.1% -26.7% -24.5% -23.2% -22.4% -22.3% -19.0% -17.8% -17.1% -17.1% 0.1022% 0.0862% 0.0189% 0.0412% 0.0372% 0.0157% 0.0250% 0.0308% 0.0574% 0.0111% 0.1161% 0.0077% 0.0093% 0.0563% 0.0897% 0.0222% 0.0168% 0.0825% 0.0910% 0.0533% 0.0069% 0.0205% 0.0626% 0.1105% 0.0174% 0.0228% 0.0349% 0.0026% 0.0988% 0.0027% 0.0073% 0.0215% 0.0588% 0.0229% 0.0175% 0.0370% 12.3% 61.8% 172.3% 100.6% -40.6% -85.8% 43.3% 35.1% 64.6% 335.1% 17.5% 180.6% 26.8% 161.8% 52.6% -2.9% -3.7% 122.9% 4.9% 5.7% 0.7% 3.7% 8.5% 1.6% 4.4% 3.6% 9.4% 5.1% 38.0% 3.2% 1.9% 3.5% 3.1% 1.2% 2.9% 5.0% 25.1% 20.5% 20.7% 9.2% 15.2% -6.1% 8.8% 11.8% 6.6% 19.8% 15.6% 7.4% 10.5% 15.6% 20.1% 12.0% 4.7% 19.1% 620 2013124 / 5.9% 1.6% 2.7% 0.1% 0.2% 0.0% 1.5% 4.9% 3.2% 0.3% 1.3% 3.2% 3.5% 2.2% 0.2% 1.3% 2.8% 2.4% 1.4% 5.5% 1.6% 1.2% 0.1% 0.1% 0.0% 1.3% 3.6% 2.5% 0.3% 2.1% 3.0% 3.0% 2.8% 0.2% 1.0% 1.3% 1.7% 1.1% 6.6% 1.5% 136.5% -26.7% 67.5% -16.3% 19.4% 34.8% 31.7% -23.2% -37.0% 7.6% 16.1% -22.3% -4.6% 21.2% 112.6% 42.3% 26.6% 0.0587% 0.0050% 0.0119% 0.0111% 0.0005% 0.0005% 0.0132% 0.0356% 0.0132% 0.0077% 0.0189% 0.1205% 0.0318% 0.0563% 0.0070% 0.0169% 0.0279% 0.0033% 0.0297% 0.0041% 0.0006% 0.0019% 0.0026% 0.0001% 0.0001% 0.0037% 0.0105% 0.0044% 0.0027% 0.0069% 0.0445% 0.0118% 0.0215% 0.0028% 0.0069% 0.0115% 0.0013% 0.0127% 1315.2% 722.0% 541.3% 335.1% 334.2% 301.6% 256.8% 239.8% 203.5% 180.6% 172.3% 171.0% 168.9% 161.8% 152.3% 143.6% 143.5% 141.9% 133.8% 2.2% 0.9% 0.9% 5.1% 0.8% 1.6% 1.5% 0.6% 1.2% 3.2% 0.7% 4.7% 3.0% 3.5% 1.8% 1.6% 3.6% 0.3% 1.5% 18.8% 5.2% 2.3% 19.8% 5.7% 4.5% 4.5% 36.3% 6.1% 7.4% 20.7% 30.4% 5.1% 15.6% 10.4% 14.5% 8.9% 3.3% 15.9% 2013124 6 720 / 5.1% 0.6% 1.1% 1.0% 0.6% 1.7% 3.8% 1.3% 0.8% 0.9% 2.5% 0.4% 2.7% 7.8% 1.9% 3.3% 3.7% 0.5% 1.4% 4.9% 0.3% 1.7% 0.8% 1.7% 1.3% 3.3% 1.2% 0.5% 0.3% 2.1% 0.2% 1.9% 6.1% 1.0% 2.9% 2.7% 0.2% 1.0% 4.9% 104.4% -33.3% 25.7% -64.9% 27.7% 14.5% 8.4% 58.4% 205.9% 19.4% 116.3% 40.6% 26.8% 84.8% 11.9% 37.9% 198.2% 45.7% 0.0104% 0.0004% 0.0157% 0.0021% 0.0183% 0.0070% 0.0068% 0.0030% 0.0059% 0.0093% 0.0301% 0.0078% 0.0323% 0.0069% 0.0147% 0.0134% 0.0091% 0.0141% 0.0055% 0.1207% 0.0031% 0.1105% 0.0116% 0.0916% 0.0316% 0.0236% 0.0094% 0.0175% 0.0268% 0.0835% 0.0207% 0.0773% 0.0163% 0.0332% 0.0302% 0.0199% 0.0306% 0.0117% -91.3% -86.6% -85.8% -81.6% -80.0% -77.7% -71.2% -67.9% -66.3% -65.2% -64.0% -62.5% -58.3% -57.6% -55.8% -55.4% -54.4% -53.9% -53.3% 0.8% 0.1% 1.6% 0.3% 2.8% 1.1% 0.3% 0.6% 1.3% 1.8% 1.1% 1.6% 1.4% 0.5% 1.4% 1.2% 0.6% 1.7% 0.8% 4.4% 5.9% -6.1% 1.2% 1.4% 4.0% 1.8% 5.2% 1.9% -0.5% 0.7% 1.8% 7.4% 2.5% -0.9% 2.8% -2.6% -4.5% 3.3% 2013124 7 - “” analyst certification i ii the analysts primarily responsible for the preparation of all or part of the research report contained herein hereby certify that: (i) the views expressed in this res