MSCI指数继续提高A股纳入比例并开始纳入中盘股

1、主题策略MSCI 指数继续提高 A 股纳入比例并开始纳入中盘股北京时间今天凌晨，MSCI 公布了 2019 年 11 月份的半年度指数审议结果除了正常的成分股调入调出和权重变化外，此次指数调整还涉及到 A 股纳入系数（inclusion factor）第三步从 15%提升到 20%、同时并纳入符合条件的 A 股中盘股。https:/ HYPERLINK /eqb/pressreleases/archive/MSCI_Nov19_QIRPR.pdf /ww HYPERLINK /eqb/pressreleases/archive/MSCI_Nov19_QIRPR.pdf /eqb/pressre

2、leases/archive/MSCI_Nov19_QIRPR.pdf有关此次调整的具体细节和潜在影响，我们点评如下：MSCI 中国指数调整：A 股纳入系数提升至 20%，纳入中盘；新增 218、剔除 7 只指数成分等调整：新增 218 只个股，剔除 7 只。具体来看：海外中资股（香港+美国上市）的成分股新增 14 只（九龙仓集团、信达生物、平安好医生、雅高控股、翰森制药、虎牙、雅生活服务、中国联塑、百世集团、中联重科、正荣地产、趣店和深高速）、剔除 7 只（五矿资源、四环医药、同仁堂科技、鞍钢股份、美图公司中国东方集团、恒腾网络，图表 1）。新增 A 股 204 只。由于此次 MSCI 将符

3、合条件的中盘股纳入指数， 因此 A 股部分变化较大，共新增成分股 204 只。其中，权重排名靠前的如长春高新、汇顶科技、韦尔股份、中信建投、领益智造、兆易创新、海大集团、深南电路、生益科技、华兰生物、晨光文具等因此，调整后的成份股将从当前的 500 只上升为 711 只（其中 A 股472 只、B 股 2 只、港股 208 只、中概股 29 只，图表 2图表 4）。除了成分股调整外，MSCI 还调整了 8 家公司的自由流通因子（FIF Foreign Inclusion Factor），如阿里巴巴（从 0.55 提升至 0.65）、北控水务（从 0.55 降至 0.5）等，这也会对个股在指数中

4、的权重产生较为明显的影响。提升 A 股的纳入系数（inclusion factor）至 20%。作为今年纳入并 A 股的第三步，MSCI 此次也将符合入选标准的 A 股成分股公司在指数中的纳入比例（inclusion factor）从当前的 15%上调至 20%。结合 MSCI 提供的最新数据，这一调整会使得 A 股在 MSCI 中国指数中的权重从当前的 7.9%上升至 12%左右，在 MSCI 新兴市场中的权重从当前的 2.53%上升至 4.04%（基于 MSCI 提供的最新的 11 月 6 日的最新数据计算）。根据追踪 MSCI 指数的资金规模，我们静态估算本次指数调整对 A股的增量资金（

5、主动+被动）规模约为 350-400 亿美元（约 2500-3000亿元），相比今年 5 月和 8 月的两次纳入的估算资金流入（约 230亿美元）高约 50%-70%。其中，本次大盘股纳入系数从 15%提高到20%将带来约 200 亿美元资金流入（占全部流入 54%），中盘股纳入系数从 0%提高到 20%将带来约 170 亿美元资金流入（占全部流入46%，图表 5图表 6）。下页继续相应的，在其他条件不变的情况下，此次调整会使得海外中资股（香港和美国上市） 在指数中的权重被摊薄，在 MSCI 中国指数中的占比将从当前的 92.1%降低至 88%。潜在影响：关注对雅高股份、九龙仓、中华企业、万丰

6、奥威等潜在正面影响；对同仁堂科技、恒腾网络、四环医药、陆家嘴 B 等负面影响我们测算，受此次调整影响，阿里巴巴、九龙仓、茅台、信达生物、平安好医生、雅高控股等的权重增加最多；相反，腾讯、建行 H、中国平安 H、中移动等在指数中权重的下降最大（图表 7）。从交易和调仓角度来看，基于当前 921 亿美元规模（相当于当前 MSCI 中国指数整体市值的 5%左右）的被动型基金追踪 MSCI 中国指数的假设，并结合个股各自过去 20 天的日均成交金额，我们测算，1）所需要交易被动资金流入中，海外中资股中，雅高控股、九龙仓集团、正荣地产、深高速、信达生物、中国联塑等；A 股中，中华企业、万丰奥威、养元饮品

7、、上海电力、太钢不锈等需要的时间最长。2）所需要交易被动资金流出中，同仁堂科技、恒腾网络、四环医药、陆家嘴 B、中国东方集团、五矿资源、美图公司、鞍钢股份等所需要的交易资金流出的时间最长，具体细节请参见图表 8图表 9。接下来发生什么：11 月 27 日生效，被动资金通常在生效日附近调仓上述调整结果将在 11 月 27 日生效。根据指数调整的历史经验来看，被动型资金为了尽可能的减少对于指数的追踪误差，通常会选在生效日附近进行调仓操作；但相比之下， 主动型资金则并不存在这一约束，可以择机选择配置时点。因此，我们预计，在指数调整结果宣布到正式实施这段时间内，新纳入和移出标的、以及流入流出资金所需交

8、易时间（相比日均成交）较长标的可能受到较大影响，因此依然值得密切关注。另外，随着近期英国无协议脱欧风险大幅降低、欧洲制造业数据有边际企稳迹象、中美经贸磋商有一定进展后海外风险偏好提升，根据我们的全球资金流向监测数据，海外资金近期开始重新流入表现落后的欧洲及新兴市场（包括港股），近期海外资金流入对 A 股及港股的影响值得关注。图表 1: 新纳入以及剔除的海外中资股彭博代码公司名称GICS行业上市市值（百万美元） 当前权重纳入权重变化预估被动资金流向（百万美元） 过去20天日均成交（百万美元） 预计所需交易天数2019EP/E2020EP/E2019EP/B2020EP/B新纳入4 HK九龙仓集团

9、Real Estate7,4020.00%0.13%0.13%117.37.815.00.41801 HK信达生物-BHealthcare3,8470.00%0.12%0.12%106.011.89.0N/AN/A8.513.61833 HK平安好医生Healthcare7,5000.00%0.11%0.11%103.265.61.6N/AN/A5.35.33313 HK雅高控股Industrials2,5730.00%0.11%0.11%98.81.952.6N/AN/AN/AN/A3692 HK翰森制药Healthcare18,3050.00%0.07%0.07%66.0

10、9.57.047.537.610.58.7HUYA US虎牙Com. Sev.1,5430.00%0.07%0.07%64.746.61.457.83319 HK雅生活服务Industrials1,3920.00%0.06%0.06%57.919.04.94.22128 HK中国联塑Industrials3,2980.00%0.06%0.06%8.07.01.41.2BEST US百世集团Industrials1,4290.00%0.06%0.06%51.17.07.3N/A1157 HK中联重科Industri

11、als1,0540.00%0.05%0.05%1.06158 HK正荣地产Real Estate3,0080.00%0.05%0.05%49.34.41.21.1QD US趣店Financials1,6320.00%0.05%0.05%47.62.71.00.7548 HK深高速Industrials1,0430.00%0.05%0.05%9.4667 HK中国东方教育Cons. Disc.4,7020.00%0.05%0.05%43.411.33.837.728.55.64.

12、8剔除1208 HK五矿资源Materials1,9660.03%0.00%-0.03%-29.34.3-6.8N/A460 HK四环医药Healthcare1,3910.03%0.00%-0.03%-28.83.5-0.90.81666 HK同仁堂科技Healthcare6080.03%0.00%-0.03%-26.91.7-16.012.7347 HK鞍钢股份Materials5000.03%0.00%-0.03%-25.14.3-5.88.07.00.40.41357 HK美图公司I.T.9420.03%0.00%-0.03%-

13、23.74.0-5.9N/A62.42.02.0581 HK中国东方集团Materials1,3700.02%0.00%-0.02%-19.92.9-0.50.4136 HK恒腾网络Cons. Disc.1,1920.02%0.00%-0.02%-16.71.4-11.8N/AN/AN/AN/A资料来源：Bloomberg，MSCI， ，数据截至 2019 年 11 月 7 日上市市值#彭博代码 公司名称GICS行业（百万美 当前权 纳入权重变化预估被动 过去20天资金流向 日均成交预计所需交易2019E 2020E 2019E 2020E图表 2: 新纳入的 A 股（第一部

14、分）元） 重（百万美元） （百万美元） 天数P/EP/EP/BP/B新纳入1000661 CH长春高新Healthcare11,6670.00%0.03%0.03%31.9104.60.357.543.212.610.02603160 CH汇顶科技I.T.12,7350.00%0.03%0.03%28.9103.60.344.138.714.911.13603501 CH韦尔股份I.T.13,8600.00%0.03%0.03%26.558.80.5146.052.211.08.44601066 CH中信建投Financials20,6340.00%0.03%0.03%24.9133.70.2

15、40.836.03.53.35002600 CH领益智造I.T.10,9300.00%0.03%0.03%24.46603986 CH兆易创新I.T.7,7030.00%0.02%0.02%21.461.314.812.07002311 CH海大集团Cons. Stap.7,7520.00%0.02%0.02%21.333.80.630.08002916 CH深南电路I.T.7,5810.00%0.02%0.02%20.833.910.78.49600183 CH生益科技I.T.7,

16、4010.00%0.02%0.02%20.410002007 CH华兰生物Healthcare7,3080.00%0.02%0.02%20.365.40.335.611603899 CH晨光文具Industrials6,5460.00%0.02%0.02%17.722.50.844.635.410.98.812002001 CH新和成Healthcare6,5430.00%0.02%0.02%17.558.00.318.313000066 CH中国长城I.T.6,4330.00%0.02%0.02%17.435

17、8.00.038.814002032 CH苏泊尔Cons. Disc.9,4200.00%0.02%0.02%17.216.09.37.915000596 CH古井贡酒Cons. Stap.6,1380.00%0.02%0.02%16.941.70.425.316300454 CH深信服I.T.7,1130.00%0.02%0.02%16.326.20.673.255.812.110.117002179 CH中航光电I.T.5,9280.00%0.02%0.02%34.818603369 C

18、H今世缘Cons. Stap.5,7800.00%0.02%0.02%15.835.60.427.719002050 CH三花智控Industrials5,7070.00%0.02%0.02%15.630.80.528.524.04.03.620300136 CH信维通信I.T.5,7120.00%0.02%0.02%15.621300014 CH亿纬锂能Industrials5,4370.00%0.02%0.02%15.321.86.04.922002463 CH沪电股份I.T.5,5140.00%0.0

19、2%0.02%14.923002157 CH正邦科技Cons. Stap.5,9420.00%0.02%0.02%14.924600004 CH白云机场Industrials5,3760.00%0.02%0.02%14.825601100 CH恒立液压Industrials5,5550.00%0.02%0.02%14.623.60.631.825.77.05.826600872 CH中炬高新Cons. Stap.5,2510.00%0.02%0.02%14.532.3

20、0.551.527002410 CH广联达I.T.5,3000.00%0.02%0.02%14.543.30.395.369.310.89.828000977 CH浪潮信息I.T.5,3520.00%0.02%0.02%14.330.64.03.529002271 CH东方雨虹Materials5,2980.00%0.02%0.02%14.353.80.317.930300628 CH亿联网络I.T.6,1510.00%0.02%0.02%13.930.50.536.031000786 CH北新建材Indust

21、rials5,0450.00%0.02%0.02%13.825.00.630.632000860 CH顺鑫农业Cons. Stap.5,0330.00%0.01%0.01%13.733600536 CH中国软件I.T.4,8880.00%0.01%0.01%13.6172.00.1150.664.314.311.934600763 CH通策医疗Healthcare5,0390.00%0.01%0.01%13.557.30.275.259.119.915.135000723 CH美锦能源Energy4,8760.00%0.01%0.0

22、1%13.218.25.05.136603939 CH益丰药房Cons. Stap.4,8240.00%0.01%0.01%13.121.00.659.145.07.56.637300529 CH健帆生物Healthcare4,7280.00%0.01%0.01%13.042.90.357.943.215.612.038601872 CH招商轮船Energy4,6680.00%0.01%0.01%12.911.01.51.339002506 CH协鑫集成I.T.4,7410.00%0.01%0.01%12.827.10.5813.8310.08.8

23、8.640002371 CH北方华创I.T.4,6600.00%0.01%0.01%12.683.30.288.941002129 CH中环股份I.T.4,7610.00%0.01%0.01%12.691.02.22.042603589 CH口子窖Cons. Stap.4,6540.00%0.01%0.01%12.543.60.317.743600498 CH烽火通信I.T.4,4990.00%0.01%0.01%12.435.70.333.444000961 CH中南建设Real Estate4,5290.00

24、%0.01%0.01%1.145002739 CH万达电影Com. Sev.4,3810.00%0.01%0.01%12.016.80.720.546002821 CH凯莱英Healthcare4,3830.00%0.01%0.01%11.938.30.353.840.810.08.247603019 CH中科曙光I.T.4,3340.00%0.01%0.01%11.937.07.16.248603658 CH安图生物Healthcare6,4580.00%0.01%0.01%11.817.70.761.447.

25、319.315.449603156 CH养元饮品Cons. Stap.4,2400.00%0.01%0.01%1.950600584 CH长电科技I.T.4,2650.00%0.01%0.01%11.7107.80.1N/A51600176 CH中国巨石Materials4,5170.00%0.01%0.01%11.727.10.41.852002439 CH启明星辰I.T.4,2530.00%0.01%0.01%11.634.00.35.953002353 CH杰瑞股份Energy4,14

26、80.00%0.01%0.01%23.754002049 CH紫光国微I.T.4,1230.00%0.01%0.01%11.255002405 CH四维图新Cons. Disc.4,1230.00%0.01%0.01%11.256600161 CH天坛生物Healthcare4,0820.00%0.01%0.01%46.057600779 CH水井坊Cons. Stap.4,1770.00%0.01%0.01%10.932.4

27、0.338.130.513.010.758002127 CH南极电商Com. Sev.3,9680.00%0.01%0.01%10.835.90.322.759002299 CH圣农发展Cons. Stap.4,7530.00%0.01%0.01%10.860600801 CH华新水泥Materials3,9750.00%0.01%0.01%10.76.42.01.661300253 CH卫宁健康Healthcare4,0680.00%0.01%0.01%10.7626008

28、45 CH宝信软件I.T.3,9550.00%0.01%0.01%10.741.40.342.563600038 CH中直股份Industrials3,8000.00%0.01%0.01%10.631.10.33.064000671 CH阳光城Real Estate4,0220.00%0.01%0.01%10.65.01.10.965300383 CH光环新网I.T.3,7900.00%0.01%0.01%10.666600426 CH华鲁恒升Materials3,8410.00%0.01%

29、0.01%10.516.40.61.667300251 CH光线传媒Com. Sev.3,9220.00%0.01%0.01%10.524.00.425.527.02.92.668601990 CH南京证券Financials3,8100.00%0.01%0.01%10.535.0N/AN/A69002373 CH千方科技I.T.3,8450.00%0.01%0.01%10.322.53.02.770603517 CH绝味食品Cons. Stap.3,7280.00%0.01%0.01%10.329.60.331.926.86.8

30、5.8资料来源：Bloomberg，MSCI， ，数据截至 2019 年 11 月 7 日#彭博代码 公司名称GICS行业（百万美 当前权 纳入权重变化上市市值预估被动 过去20天资金流向 日均成交预计所需交易2019E 2020E 2019E 2020E图表 3: 新纳入的 A 股（第二部分）元） 重（百万美元） （百万美元） 天数P/EP/EP/BP/B新纳入71600655 CH豫园股份Cons. Disc.4,4490.00%0.01%0.01%9.072300357 CH我武生物Healthcare3,6560.00%0.01%0.01%10.1

31、29.40.384.764.419.415.773002601 CH龙蟒佰利Materials3,6780.00%0.01%0.01%10.074300308 CH中际旭创Industrials4,4340.00%0.01%0.01%10.026.20.448.475600219 CH南山铝业Materials3,6480.00%0.01%0.01%10.010.41.015.576603707 CH健友股份Healthcare4,3840.00%0.01%0.01%10.015.90.651.438.210.58.

32、277300146 CH汤臣倍健Cons. Stap.3,6190.00%0.01%0.01%9.928.70.321.378002812 CH恩捷股份Materials4,3220.00%0.01%0.01%9.935.90.334.379601878 CH浙商证券Financials4,2940.00%0.01%0.01%9.926.50.430.027.2N/AN/A80601128 CH常熟银行Financials3,5820.00%0.01%0.01%9.949.00.213.581603885 CH吉祥航空Industri

33、als4,3700.00%0.01%0.01%9.913.90.720.582603882 CH金域医学Healthcare3,5890.00%0.01%0.01%9.840.10.266.150.711.09.783600298 CH安琪酵母Cons. Stap.3,6020.00%0.01%0.01%9.828.80.326.722.85.04.384600522 CH中天科技Industrials3,5940.00%0.01%0.01%9.825.50.410.7N/AN/AN/A85002690 CH美亚光电Industrials3,5680.00%0.01%0.0

34、1%9.823.70.445.786601233 CH桐昆股份Materials3,5850.00%0.01%0.01%9.887600704 CH物产中大Cons. Disc.3,4810.00%0.01%0.01%9.67.31.01.088300070 CH碧水源Industrials3,5730.00%0.01%0.01%9.629.40.318.989600521 CH华海药业Healthcare3,6500.00%0.01%0.01%9.69

35、0002013 CH中航机电Industrials3,4230.00%0.01%0.01%9.612.60.824.691000629 CH攀钢钒钛Materials3,4960.00%0.01%0.01%9.612.40.82.192600201 CH生物股份Healthcare3,4620.00%0.01%0.01%9.593300676 CH华大基因Healthcare3,4890.00%0.01%0.01%9.535.80.3N/AN/AN/AN/A94601799 CH星宇股份Cons. Disc.3,

36、3910.00%0.01%0.01%9.414.90.630.895000975 CH银泰黄金Materials3,4020.00%0.01%0.01%9.496600673 CH东阳光Materials3,4210.00%0.01%0.01%9.414.50.619.814.43.02.597603866 CH桃李面包Cons. Stap.4,1640.00%0.01%0.01%9.414.20.739.733.07.36.698300558 CH贝达药业Healthcare3,5750.00%0.01%0.01%9.343.70

37、.2100.280.910.49.399600848 CH上海临港Real Estate6,7020.00%0.01%0.01%N/AN/AN/AN/A100000031 CH大悦城Real Estate4,0110.00%0.01%0.01%10.49.02.01.8101300207 CH欣旺达Industrials3,3020.00%0.01%0.01%3.2102300012 CH华测检测Industrials3,3180.00%0.01%0.01%9.035.80.350.31036

38、01099 CH太平洋Financials3,2620.00%0.01%0.01%9.027.90.3N/AN/AN/AN/A104600528 CH中铁工业Industrials3,2540.00%0.01%0.01%1.2105002773 CH康弘药业Healthcare3,8780.00%0.01%0.01%8.712.70.731.726.05.34.5106000825 CH太钢不锈Materials3,1260.00%0.01%0.01%0.6107601231 CH环旭电子I.T.4,6860.00%

39、0.01%0.01%8.6108300024 CH机器人Industrials3,1640.00%0.01%0.01%8.615.10.648.0109000415 CH渤海租赁Financials3,1280.00%0.01%0.01%8.611.00.8N/AN/AN/AN/A110600315 CH上海家化Cons. Stap.3,1230.00%0.01%0.01%8.626.60.334.6111002387 CH维信诺I.T.3,1380.00%0.01%0.01%8.618.60.564.0N/A1

40、.11.1112002223 CH鱼跃医疗Healthcare3,2480.00%0.01%0.01%8.620.90.426.6113600132 CH重庆啤酒Cons. Stap.3,1330.00%0.01%0.01%8.515.60.540.938.516.815.5114300285 CH国瓷材料Materials3,1490.00%0.01%0.01%8.520.20.438.8115002268 CH卫士通I.T.3,0860.00%0.01%0.01%8.448.90.24.5116603338 CH浙江鼎力Ind

41、ustrials3,0450.00%0.01%0.01%8.411.60.75.6117002078 CH太阳纸业Materials3,0010.00%0.01%0.01%8.4118002152 CH广电运通I.T.3,0720.00%0.01%0.01%8.3119300595 CH欧普康视Healthcare3,0670.00%0.01%0.01%8.325.90.371.654.216.613.2120000750 CH国海证券Financials2,9540.00%0.01%0.0

42、1%N/AN/AN/AN/A121600885 CH宏发股份Industrials2,8950.00%0.01%0.01%8.014.60.627.022.44.03.5122600376 CH首开股份Real Estate2,9420.00%0.01%0.01%8.0123002372 CH伟星新材Industrials3,0140.00%0.01%0.01%8.020.60.419.0124300699 CH光威复材Materials2,8880.00%0.01%0.01%8.025.50.339.031.16.

43、35.4125603883 CH老百姓Cons. Stap.2,9410.00%0.01%0.01%8.019.40.438.5126600572 CH康恩贝Healthcare2,8740.00%0.01%0.01%7.964.80.1N/AN/AN/AN/A127002414 CH高德红外I.T.2,8180.00%0.01%0.01%7.920.00.476.4128000089 CH深圳机场Industrials2,8650.00%0.01%0.01%7.824.30.328.4129600566 CH济川药业Healthca

44、re2,8510.00%0.01%0.01%7.821.0N/AN/A130600460 CH士兰微I.T.2,8350.00%0.01%0.01%7.858.0N/AN/A131600466 CH蓝光发展Real Estate2,8470.00%0.01%0.01%7.74.01.10.9132600699 CH均胜电子Cons. Disc.2,8790.00%0.01%0.01%7.719.50.415.5133000686 CH Financials2,7770.00%0.01%0.01%7.722.20.3

45、18.815.3N/AN/A134000513 CH丽珠集团Healthcare2,8100.00%0.01%0.01%7.6135002507 CH涪陵榨菜Cons. Stap.2,8380.00%0.01%0.01%7.6136000401 CH冀东水泥Materials2,7690.00%0.01%0.01%7.6137600021 CH上海电力Utilities2,7600.00%0.01%0.01%13.8138002110

46、CH三钢闽光Materials2,7330.00%0.01%0.01%7.53.91.00.9139600160 CH巨化股份Materials2,7500.00%0.01%0.01%11.510.01.41.3140600511 CH国药股份Healthcare2,7520.00%0.01%0.01%7.520.01.81.6资料来源：Bloomberg，MSCI， ，数据截至 2019 年 11 月 7 日#彭博代码 公司名称GICS行业（百万美 当前权 纳入权重变化上市市值预估被动 过去20天资金流向 日均成交预计所需交易2019E

47、 2020E 2019E 2020E图表 4: 新纳入的 A 股（第三部分）元） 重（百万美元） （百万美元） 天数P/EP/EP/BP/B新纳入141600733 CH北汽蓝谷Cons. Disc.2,7330.00%0.01%0.01%273.01,092.01.11.1142600380 CH健康元Healthcare2,8270.00%0.01%0.01%7.428.90.323.3143603444 CH吉比特Com. Sev.2,7180.00%0.01%0.01%7.4144002281 CH光迅科技

48、I.T.2,6720.00%0.01%0.01%7.335.04.64.2145002340 CH格林美Materials2,6400.00%0.01%0.01%7.318.50.420.8146000623 CH吉林敖东Healthcare2,6800.00%0.01%0.01%7.310.20.7N/AN/AN/AN/A147600675 CH中华企业Real Estate3,9830.00%0.01%0.01%10.0148601598 CH中国外运Industrials3,1780.00%0.01%0.01%

49、12.6149600549 CH厦门钨业Materials2,5950.00%0.01%0.01%2.3150000932 CH华菱钢铁Materials2,5530.00%0.01%0.01%7.04.00.80.7151600446 CH金证股份I.T.2,6020.00%0.01%0.01%7.063.9N/AN/A152600258 CH首旅酒店Cons. Disc.2,5750.00%0.01%0.01%7.016.40.41.8153600

50、967 CH内蒙一机Industrials2,5420.00%0.01%0.01%7.013.20.527.623.52.01.8154000729 CH燕京啤酒Cons. Stap.2,5200.00%0.01%0.01%6.910.20.778.0155000998 CH隆平高科Cons. Stap.2,4630.00%0.01%0.01%6.822.70.351.6156600598 CH北大荒Cons. Stap.2,4630.00%0.01%0.01%6.814.70.517.0157600486 CH扬农化工Materia

51、ls2,4820.00%0.01%0.01%6.720.20.315.5158002399 CH海普瑞Healthcare2,8830.00%0.01%0.01%6.712.10.62.5159002019 CH亿帆医药Healthcare2,4500.00%0.01%0.01%6.7160000028 CH国药一致Healthcare2,4460.00%0.01%0.01%6.714.20.514.5161300296 CH利亚德I.T.2,4630.00%0.01%0.01%6.720.

52、10.31.7162000960 CH锡业股份Materials2,4150.00%0.01%0.01%6.612.60.51.2163002583 CH海能达I.T.2,3460.00%0.01%0.01%6.520.80.324.3164600879 CH航天电子Industrials2,3190.00%0.01%0.01%6.411.30.627.824.01.31.2165000997 CH新大陆I.T.2,3610.00%0.01%0.01%6.3166002217 CH合力泰I.

53、T.2,2780.00%0.01%0.01%6.39.6N/AN/A167002124 CH天邦股份Cons. Stap.2,4480.00%0.01%0.01%6.3165.50.021.45.05.62.4168600026 CH中远海能Energy2,2740.00%0.01%0.01%6.3169002572 CH索菲亚Cons. Disc.2,3060.00%0.01%0.01%15.814.02.92.6170000738 CH航发控制Industrials2,2410.00%0.01%0.01%6

54、.211.30.652.5171600863 CH内蒙华电Utilities2,2560.00%0.01%0.01%1.2172601880 CH大连港Industrials2,2610.00%0.01%0.01%51.051.0N/AN/A173600754 CH锦江酒店Cons. Disc.2,7290.00%0.01%0.01%20.4174000778 CH新兴铸管Materials2,2250.00%0.01%0.01%8.01750

55、02085 CH万丰奥威Cons. Disc.2,2220.00%0.01%0.01%6.03.31.8N/AN/AN/AN/A176601000 CH唐山港Industrials2,1990.00%0.01%0.01%6.0177600643 CH爱建集团Financials2,1680.00%0.01%0.01%5.913.40.410.99.01.41.3178600392 CH盛和资源Materials2,1050.00%0.01%0.01%5.812.10.52.5179600782 CH新钢股份Materials2,1160

56、.00%0.01%0.01%5.8180002074 CH国轩高科Industrials2,1060.00%0.01%0.01%5.820.20.31.5181002424 CH贵州百灵Healthcare2,0770.00%0.01%0.01%5.812.80.4N/AN/AN/AN/A182600567 CH山鹰纸业Materials2,0630.00%0.01%0.01%0.8183000732 CH泰禾集团Real Estate2,0650.00%0.01%0.01%5.717.50.34.

57、184600777 CH新潮能源Energy2,0460.00%0.01%0.01%12.7185600648 CH外高桥Industrials2,4270.00%0.01%0.01%22.919.3N/AN/A186600056 CH中国医药Industrials2,0790.00%0.01%0.01%1.2187000598 CH兴蓉环境Utilities2,0330.00%0.01%0.01%12.9188300072 CH三聚环保Mate

58、rials2,0100.00%0.01%0.01%5.518.30.3N/AN/AN/AN/A189002092 CH中泰化学Materials1,9990.00%0.01%0.01%11.88.9N/AN/A190002603 CH以岭药业Healthcare2,0070.00%0.01%0.01%21.7191000830 CH鲁西化工Materials1,9750.00%0.01%0.01%5.4192600282 CH南钢股份Materials1,9550.00%0.01%0.01%5.410

59、.0.80.7193600273 CH嘉化能源Materials1,9750.00%0.01%0.01%5.421.50.31.6194600260 CH凯乐科技I.T.1,8910.00%0.01%0.01%5.49.52.01.7195600500 CH中化国际Industrials1,9630.00%0.01%0.01%17.613.0N/AN/A196600062 CH华润双鹤Healthcare1,9520.00%0.01%0.01%5.311.90.412.6197002038 CH

60、双鹭药业Healthcare1,9370.00%0.01%0.01%5.313.50.415.913.02.82.6198000681 CH视觉中国Cons. Disc.1,9480.00%0.01%0.01%5.316.60.341.4199603077 CH和邦生物Materials1,9360.00%0.01%0.01%25.521.9N/AN/A200000503 CH国新健康Healthcare1,9230.00%0.01%0.01%5.323.50.2N/AN/AN/AN/A201600582 CH天地科技Industrials1,9160.0