Fintech and Innovation Platforms
Weekly Reflections
“Female Stock God” Cathie Wood stated that she will avoid financial and energy stocks, as they will be the most disrupted and disintermediated sectors in the next 5 years. Wood pointed out that since contactless payments have become quite important, financial stocks such as banks may be hurt. The S&P 500 Financial and Energy Indices have risen about 19% and 29% respectively so far this year. Instead, Wood focuses on “innovation platforms”, such as DNA sequencing, robotics, energy storage and automobiles, artificial intelligence, and blockchain technology. She said: “Nothing can stop them now.”
Weekly Events
The China Securities Regulatory Commission clarified the attributes of science and technology innovation. Fintech and model innovation enterprises are restricted from listing on the Science and Technology Innovation Board, aiming to “cultivate more innovative enterprises with hard technology strength and market competitiveness”. This is a primary standard for testing whether the Science and Technology Innovation Board is successful.
Weekly Market
Period: 2021-04-12——2021-04-18
4-week review: This week the decline expanded, and A-shares fell for four consecutive weeks. The top three wind industry gains were home furnishing, shipping, and retail; the top three declines were insurance, semiconductors, and energy equipment. The top three wind concept gains were digital currency, liquor, and mobile payment; the top three declines were rare earth, tungsten ore, and ultra-wideband technology.
3-week review: The three major indices rose together on the last trading day of this week. Whether this is a periodic low or a rebound remains to be verified next week. The top three wind industry gains were daily chemicals, gas, and office supplies; the top three declines were oil, chemical fiber, and motorcycles. The top three wind concept gains were ST cap removal, UHV, and air transport; the top three declines were rare earth, carbon black, and propylene.
2-week review: The three major indices rose together on the last trading day of this week. It can be basically confirmed that it is a rebound rather than a periodic pullback. The top three wind industry gains were semiconductors, liquor, and water affairs; the top three declines were forestry, environmental protection, and cultural media. Wind concept semiconductor packaging, semiconductors, and national big fund indices; the top three declines were Beautiful China, PM2.5, and elevator indices.
1-week review: The three major indices fell together this week. The top three wind industry gains were shipping, steel, and leisure products; the top three declines were catering and tourism, aviation, and power generation equipment. Wind concept hydrogen energy, semiconductors, and Hainan Free Trade Zone; the top three declines were trust heavy holdings, servers, and sewage treatment.
This week review: The three major indices fell together this week. The top three wind industry gains were office, leisure products, and automobiles; the top three declines were papermaking, furniture, and education. Wind concept liquor, digital currency, and COVID-19 detection; the top three declines were tungsten ore, rare earth, and MLCC.
| Market (%) | Index | This Week | 1 Week Ago | 2 Weeks Ago | 3 Weeks Ago |
|---|---|---|---|---|---|
| Shanghai Composite Index | 3426.62 | -0.7 | -0.45 | 1.93 | 0.4 |
| Shenzhen Component Index | 13720.74 | -0.67 | -1.19 | 2.56 | 1.2 |
| ChiNext Index | 2783.37 | 0 | -1.14 | 3.89 | 2.77 |
| Hang Seng Index | 28969.71 | 0.94 | 0.42 | 3.73 | -2.26 |
| HSCEI | 1109.49 | 1.21 | -1.04 | 1.87 | -1.04 |
| Hang Seng HK Chinese Enterprises | 4144.61 | 1.89 | -2.33 | 0.94 | -0.68 |
| Dow Jones Index | 34200.67 | 1.18 | 1.95 | 1.64 | 1.36 |
| Nasdaq | 14052.34 | 1.09 | 3.12 | 3.87 | -0.58 |
| S&P 500 Index | 4185.47 | 1.37 | 2.71 | 2.82 | 1.57 |
| Market (CNY, Billion) | This Week | Previous Week | 2 Weeks Ago | 3 Weeks Ago |
|---|---|---|---|---|
| Shanghai Stock Connect | 247.09 | -57.57 | -3.16 | 84.60 |
| Shenzhen Stock Connect | 121.94 | 4.32 | -96.23 | 57.04 |
| Hong Kong Stock Connect | 50.39 | 14.6 | 40.48 | -64.38 |
Positions
| Code | Name | This Period Dynamic |
|---|---|---|
| SH600526 | Feida Environmental Protection | Flat |
| LKCO | Luokung Technology | Flat |
| F260104 | Invesco Great Wall Domestic Demand Growth | Flat |
| F002083 | Xinhua Xin Dongli Flexible Allocation A | Flat |
| F166301 | Huashang New Trend Flexible Allocation A | Flat |
| F163406 | Xingquan Herun Hybrid | Flat |
| F005534 | Huaxia New Era Hybrid | Flat |
Published at: Apr 18, 2021 · Modified at: Dec 12, 2025
DiMi 
