Fintech and Innovation Platforms

Fintech and Innovation Platforms "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." Topics: Startup, Management.

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