The footsteps of the big funds of the Chinese Communist Party state to reduce their holdings and cash out seem to be getting more and more anxious.
This time the target of the big fund is the leading chip company with a market value of over 280 billion – SMIC (56.11-1.66%, stock consultation). According to the latest data disclosed by the Hong Kong Stock Exchange, the State IC Industry Investment Fund (“Grand Fund”) reduced its holdings of 100 million shares of SMIC on April 9 and 12, from 9.62% to 8.93%.
Prior to that, the big fund has continuously reduced its holdings in Jingfang Technology (61.70-2.00%, clinic shares), Zhaoyi Innovation (178.20-1.60%, clinic shares), in addition to Anji Technology (199.52-3.64%, clinic shares), Beidou Xingtong (41.16+0.10%, clinic shares), Changchuan Technology (34.50+0.88%, clinic shares), Taiji Industry ( 8.16+0.25%,診股), and Changdian Technology (34.98-1.88%,診股) have all been in the middle of a large fund’s plan to reduce their holdings.
The former largest gold owner of China’s chip industry has now become one of the main “short” forces.
At present, the big fund still holds SMIC, Andi Technology, Zhaoyi Innovation, Jingfang Technology, Changdian Technology, Sanan Optoelectronics (23.39-0.47%, shares), Changchuan Technology, North Huachuang (149.12-2.66%, shares), Tongfu Microelectronics (20.13-2.00%, shares), Nasdaq (24.97+0.12%, shares), Taiji Industrial, Huideng Technology (104.45-0.55%,shares), Guoke Micro (43.06-0.44%,shares), Jingjia Micro (76.58-0.79%,shares), Xinpeng Micro (71.85-0.35%,shares), China Resources Micro (59.35-0.97%,shares), Rexchip Micro (78.90-0.75%,shares), Husilicon Industries (23.44 -3.10%, shares), Sai Microelectronics (21.97-1.83%, shares), Yake Technology (57.55-1.10%, shares), Core Origin (55.35+0.54%, shares), Beidou Xingtong, Wanye Enterprise (12.72-0.24%, shares) and other 23 A-share companies.
280 billion chip giant was reduced by a large fund
What should come, will always come. But the market is slightly surprised that this time the big fund selling target is actually SMIC.
In the evening of April 15, the Hong Kong Stock Exchange disclosed 2 holdings reduction data, which aroused market concern.
On April 9, the National IC Industry Fund reduced its holdings of SMIC H shares at an average price of HK$26.15, involving 45 million shares, and its shareholding ratio dropped from 10.19% to 9.62%.
On April 12, the fund made another move to reduce its holdings of SMIC H shares by 55 million shares at an average price of HK$25.56, with the shareholding ratio dropping from 9.62% to 8.93%.
With this average price and quantity of reduction, the cumulative cash shed of the two reductions by the Fund amounted to HK$2.583 billion.
It is worth mentioning that, under the selling of large funds, the share price of SMIC was under obvious pressure on April 9 and April 12, and ended in the green for 2 consecutive trading days, including a drop of nearly 4% on April 12.
As of the close of trading on April 15, the total market value of SMIC was approximately HK$286.97 billion, of which the market value of A shares was HK$131.68 billion and the market value of Hong Kong shares was HK$155.29 billion.
Recent Comments