Since 2009, the Gates Fund has spent more than 30 billion U.S. dollars per year for map/vision China
The stock market is not booming. Why is Bill Gates also keen to invest in the Chinese market? The market believes that, first of all, this is a matter of strategic layout, because the Bill Gates business in China is still a lot, the Gates Fund to enter China is also in line with this strategic layout; Second, as the richest man in the world, is still very optimistic about the Chinese economy, Bill Gates is very confident in China.
The GEM UBS CyberSky crashed last week, resulting in the massive fleeing of the Bill Gates fund; at the same time, the fund's A-share investment map surfaced. The market is concerned with how the Gates Fund operates in the A-share market. What is its investment strategy?
event
The performance of the two companies exposed the richest funds
One up and one down, two A-share listed companies let the Bill Gates Fund become a hot market.
The 2016 annual report released by Little Swan A shows that: BILL&MELINDA GATES FOUNDATION TRUST is already ranked as the company's ninth largest shareholder. It holds 6,538,800 shares of the company, accounting for 1.03% of the company's total share capital. BILL & MELINDA GATES FOUNDATION TRUST (BMFT) is the Bill & Melinda Gates Fund.
The Beijing Youth Daily reporter noticed that in the first quarterly report of 2016, the Bill Gates Fund did not appear in the company’s top ten outstanding shares. Until the semi-annual report was announced, it showed that the Bill Gates Fund held 373.29 million shares of the company, which accounted for 0.59% of the company's total share capital; by the end of the third quarter, the proportion of shares increased to 0.87%; the fourth quarter increased to 1.03%, for three consecutive Quarterly increase in holdings. If calculated from the second quarter of last year to last week, based on the median value of the stock price, the fund's profit will be approximately 40 million yuan.
The GEM Niugu network technology has allowed the Bill Gates fund to suffer heavy losses this year. According to the 2016 annual report released by ChinaNetCenter, the Bill Gates Fund increased its holdings in the fourth quarter of 2016. By the end of the year, it held 7.8312 million shares, accounting for 0.98% of the total share capital. At the beginning of 2016, the Bill Gates fund appeared in the list of top ten shareholders of ChinaNetCenter, holding 6.442 million shares of the company, which accounted for 0.91% of the total share capital. From the end of July 2016, the share price of ChinaNetCenter began to decline. As of the close of March 16, 2017, the stock price closed at 45.54 yuan, which was a 40% decrease from the historical highest price of 76.5 yuan on July 28, 2016. Since 2017, ChinaNetCenter's stock price has fallen by about 15%. If there is no reduction during the period, the shares held by the Bill Gates Fund will have a discount of approximately $66 million to the market value. In other words, if you look at the performance of these two companies alone, the Gates Fund will lose at least 20 million yuan.
market
Gates Fund holds at least 11 company stocks last year
Since the data of the 2016 annual report has not yet been fully disclosed, it is still a mystery to which of the listed companies of the Ever Rich Fund will eventually become shareholders.
According to available information, the Bill Gates fund last year appeared on the list of the top ten shareholders or tradable shareholders of 11 listed companies in the A-share market. In addition to Little Swan A and Netcom Technology, these companies also include Yonghui Supermarket, Bailian Co., Ltd., Huayu Automotive and Jiangling Motors, Xinhecheng, Huace Film and Television, VenusStar, Broadcom, and Yangnong Chemical.
According to the statistics of the Beijing Youth Daily reporter, in the list of 11 major shareholders, Yonghui Supermarket may have the largest number of shares. Taking the third quarter of last year as an example, the Bill Gates Fund holds 45.4 million shares, ranking the tenth largest circulation. Shareholders.
According to previous data, Yonghui Supermarket, which was heavily placed by the Bill Gates Fund, was purchased by the Bill Gates Fund for five consecutive quarters. According to statistics, in the third quarter of 2013, Bill Gates purchased 20.5 million shares of Yonghui Supermarket for the first time, and then held shares of Yonghui Supermarket for 4 consecutive quarters. As of the third quarter of 2015, the Bill Gates Fund has held There are 65.285 million shares in the company. From the third quarter of 2015 to the third quarter of 2016, the Bill Gates Fund reduced its shareholding in Yonghui Supermarket of 1988 shares.
At the end of June last year, Yonghui Supermarket’s stock price hit a bottom and launched a new round of upside offs. As of last week, its share price rose by nearly 40%. Since Yonghui Supermarket has not disclosed the results of the previous year, I wonder if Bill Gates has acted to increase positions during this time.
attention
The richest fund in the A shares is also much more
How does the richest fund operate A shares? Looking up public information, we know that in September 2004, the Bill Gates Fund was approved as a QFII (Qualified Overseas Institutional Investor) and can purchase stocks and bonds in the Mainland. BMFT has appeared in more than 60 domestic A-share top ten tradable shareholders. The Haiti Financial Research Center, which has been tracking the Gates Foundation, told the outside world that, in most cases, BMFT did not go to the companies it invests in. These listed companies also said that they had not received BMFT surveys before, so they chose the investment targets for BMFT. A little mystery.
Yan Xiaoxiao, head of investment at Haitou Financial, once introduced that BMFT's chief investment officer is Michael Larson, who managed personal wealth for Bill Gates since 1994. The investment style is conservative and adopts a long-term holding strategy with a low turnover rate. Fund trust investment decisions are made by Bill and Melinda; Michael Larson and his team select specific investment methods. Bill and Melinda have directed Michael Larson to diversify the investment in trust funds with a wider range of investment channels. This means that “investments will involve all major sectors of the world economy.†And from the stock picking preference, it is “great Business model that has stood the test of a long-term company."
Public data shows that the richest fund in the A-share market is also much more quilted, with less profit. As for the specific amount, there is no public data. Some people think that in 2016, the total value of the market evaporation was about 2.2 trillion yuan, 70% of the investors were losing money, and the Bill Gates fund was also 70%. From this perspective, the Gates Fund is no different from the Chinese investors, and it is not much different from the farmers who rely on heaven to eat.
analysis
Why Gates Fund Loves China Market
Why does a charitable foundation invest in A-share companies? This involves the organizational structure of the Bill Gates Foundation. According to official website information, the Bill and Melinda Gates Foundation was established in 2000. The main charitable projects include medical and health, poverty alleviation and education. There are currently three directors of the Foundation: Bill Gates and Buffett. From 2006 to 2015, the Foundation received a total of $17.26 billion in Buffett donations. In 2010, Bill Gates and his wife joined Buffett’s “donation pledge†and promised to donate most of his wealth to the foundation. As of the end of 2015, the foundation had a total of 39.6 billion U.S. dollars in trust donation assets and 1,420 employees. Charity programs in China include funding for tuberculosis and AIDS research, tobacco control, and rice improvement.
The BMFT's mode of operation is: a reasonable investment - a high return - part of the proceeds for charity, residual income and principal continue to invest. The Foundation Trust's 2008 financial report showed that the net investment income (including investment income and shareholder dividends and interest) at the end of 2007 was approximately US$5 billion, and the US government allocated US$3.31 billion to the Foundation the following year, which accounted for 66.2% of net investment income. It is understood that since the acceptance of Buffett’s equity donations in 2006, the Foundation has a balance of approximately US$30 billion annually, which costs US$1.5 billion annually. According to the third condition of Buffett’s donation, from 2008 onwards, the foundation must spend the total value of the donated stock last year. This means that since 2009, the Foundation has spent more than 30 billion U.S. dollars every year.
The market believes that the stock market is not booming. Why is Bill Gates also keen to invest in the Chinese market? First of all, this is a matter of strategic layout, because the Bill Gates business in China is still a lot, the Gates Fund to enter China is also with this strategic layout; Second, as the world's richest man, is still very optimistic about the Chinese economy, Bill · Gai Zitz is very confident in China.
News link
Overseas institutions have invested in nearly 300 listed companies
According to public information, the Bill Gates Fund is just one of a number of QFIIs—overseas institutional investors. The approved investment quotas for QFIIs in China, including the Bill Gates Fund, are increasing year by year. According to statistics released by the State Administration of Foreign Exchange, as of February 24, 2017, China has approved 278 Qualified Foreign Institutional Investors (QFII), with a total investment of USD 89.209 billion. According to data, as of March 16 this year, QFII held 294 A-share listed company shares, accounting for 9.36% of the total number of A-share listed companies (3,140).
Among the most influential QFII institutions in China, besides the Bill Gates Foundation, there are also well-known institutions such as Morgan Stanley Investment Management, Temasek and Deutsche Bank. Public information shows that Morgan Stanley Investment Management Co., Ltd. holds shares of China Resources Sanjiu and Zhongbai Group; Temasek holds shares of 15 A-share listed companies, including CITIC Bank and Fuyao Glass; Deutsche Bank holds shares including Huace Film and Television, There are 24 listed companies including Yanjing Beer and Wuliangye.
It is understood that, after being audited by the CSRC, foreign institutional investors can convert foreign exchange into RMB for domestic investment within the amount allowed by SAFE. It is understood that qualified investors should apply for the opening of securities accounts in their own names; to provide asset management services for customers, they should open a nominal holder account. To facilitate QFII investment, it is also stipulated that each Qualified Investor may entrust three domestic securities companies to conduct securities transactions on the Shanghai and Shenzhen stock exchanges, respectively, changing that each QFII can only be entrusted to a domestic securities company on the Shanghai and Shenzhen Stock Exchanges. Securities trading makes the investment operation risk too concentrated.
This group of text / reporter Liu Shenliang
South Korea imported TPU material to ensure the clarity of the High-Definition Protective Film and rainbow-free visual effects.
The Flexible Soft Film is tightly attached to the entire screen, and the surface will not warp, providing maximum protection for your screen.
The High-Definition Screen Protector can keep the touch accuracy of the device unchanged. With anti-fingerprint, oleophobic coating and bubble-free installation features, you can enjoy all the features of the device without worrying about scratches or other marks on the new device.
Ultra-Clear Screen Protector uses nano-fusion technology to automatically repair micro-scratches, easily resist daily scratches, leaving no traces and automatically repairing.
If you want to know more about HD Screen Protector products, please click the product details to view the parameters, models, pictures, prices and other information about HD Protective Film.
Whether you are a group or an individual, we will try our best to provide you with accurate and comprehensive information about the HD Hydrogel Screen Protector!
HD Screen Protector, High-Definition Screen Protector, HD Hydrogel Film, HD Clear Screen Protector, Hydrogel Film,Transparent Screen Protector
Shenzhen Jianjiantong Technology Co., Ltd. , https://www.jonsun-sz.com