The main battlefield of pension is "innovation", with the highest allocation ratio exceeding 1%.

After the pension entered the market, the news that it appeared on the list of the top ten tradable shareholders of listed companies for the first time stirred up a thousand waves.

1. The first appearance of pension in the top ten tradable shareholders contains at least three meanings

According to the data of this year's interim report disclosed so far, pension is presented in the top ten tradable shareholders of Zhenghai Magnetic Materials (3224.SZ) and Jiuyang Co., Ltd. with the account of "82 Combination of Basic Endowment Insurance Fund" (hereinafter referred to as "82 Combination").

The appearance of pensions in the list of the top ten tradable shareholders of listed companies shows at least three points:

On the one hand, it can be seen that pensions have officially begun to appear in the secondary market. In view of the huge scale of pensions in China, its incremental funds have a positive stimulating effect on the A-share market.

On the other hand, up to now, there are more than 1, A-share companies that have disclosed the 217 interim report, but only the top ten tradable shareholders of the two companies have pension figures, which means that the pension is still in the initial opening period in the A-share secondary market, and there is huge room for the future. Earlier, the Ministry of Human Resources and Social Security said that by the end of June, eight provinces, autonomous regions and municipalities including Beijing, Shanghai, Henan, Hubei, Guangxi, Yunnan, Shaanxi and Anhui had signed entrusted investment contracts with the Social Security Fund, with a total contract value of 41 billion yuan for the basic old-age insurance fund, of which 172.15 billion yuan had been received and started to be invested

In addition, pensions, as another main fund of the national team, The first two stocks, Zhenghai Magnetic Materials and Jiuyang Shares, are GEM and SME respectively, which shows that the national team's eyes are not limited to the blue chip of the main board, and it does not refuse to small and medium-sized enterprises, which has very positive significance for the market performance of small and medium-sized enterprises.

2. Starting pension "82 portfolio"

Actually, this is not the first time that pensions have appeared in the stock market. Before that, many pension portfolios, including the 82 portfolio of the basic old-age insurance fund, participated in the "innovation"-offline placement of new shares and convertible bonds!

according to Wind data, Times Jun made statistics on the pension portfolio's participation in the offline placement of new shares and convertible bonds. The data shows that since the beginning of this year, at least 25 pension portfolios including the "82 portfolio" have participated in the offline placement of new shares and convertible bonds.

Statistics show that since the beginning of this year, the cumulative offline placement of the above 25 pension portfolios has used a total of 39.9 billion yuan. According to the issue price, the market value of new shares and convertible bonds allocated at that time was 72.22 million yuan.

from the specific portfolio, the basic endowment insurance fund 82 portfolio used the largest amount of funds, and the portfolio participated in the largest number of placements, reaching 65 times, with a total allocation of 4.832 billion yuan. However, the final quota of this portfolio was not too much. According to the issue price, the initial market value of new shares and convertible bonds was 1.553 million yuan.

in addition to this pension portfolio, the basic pension insurance funds 91 portfolio, 94 portfolio and 93 portfolio also invested more in offline new investment, each exceeding 4 billion yuan in the year.

It is worth noting that the new allocation rate of some old-age insurance networks is obviously higher. According to the data, the proportion of new shares or convertible bonds allocated to 1 basic pension insurance funds, such as 35 combination, 14 combination, 32 combination, 34 combination, 17 combination and 16 combination, has exceeded 5% this year, and the proportion of convertible bonds allocated to two combinations has even exceeded 1%.