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funding rush to enter! icbc bank-securities net transfer value index soars

2024-09-29

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icbc’s bank-securities net transfer value index hit a three-and-a-half-year high.

stimulated by a series of blockbuster policies, this week (september 23 to september 27), the stock market experienced a surge that has been rare in recent years. the rise of related stock indexes set a number of historical records, stimulating investors' enthusiasm. enthusiasm and a lot of money are running into the market.

according to data from the industrial and commercial bank of china,the bank's net value of changes in investor bank-securities transfer funds on september 27 (hereinafter referred to as the "icbc bank-securities transfer net value index") soared to 7.04, significantly higher than the 0.66, 2.15, 1.4, and 4.4 in the previous four trading days. weekly the average is 3.13, a three-and-a-half-year high since 2021.

the icbc bank-securities transfer net value index is defined as the ratio of the net amount of bank-securities transfers from icbc accounts to the securities market on the corresponding trading day to the daily average amount of net funds transferred into the securities market from icbc accounts in 2017. it intuitively reflects all icbc transactions on the trading day. the net amount of funds transferred into the securities market by investors.

from the perspective of structural data, the participation of individual investors is particularly prominent.

data shows that from september 23 to september 27, icbc’s individual investor bank-securities net transfer index continued to maintain a positive value. on september 27, it even reached 5.2, which is the icbc institutional investor’s bank-securities net transfer index. 2.83 times, highlighting the enthusiasm of individual investors to participate in this rising market.

industry insiders pointed out that despite the recent market enthusiasm, there are still a large number of otc funds that have not yet entered the market. the existence of this part of short-term funds indicates that the market may still have room for growth in the future.