＜Research＞G Sachs Constructs CN Shareholder Returns Portfolio Including ICBC, BANK OF CHINA, CM BANK, TENCENT, JD, BYD COMPANY, Others

　　An investment theme based on shareholder returns is taking shape in China, Goldman Sachs released a research report saying. Listed Chinese companies returned over RMB2 trillion to shareholders through dividend and buybacks in each of the past 3 years.

　　Goldman Sachs was bullish on the theme, and constructed a China shareholder returns portfolio that include companies with stable cash flow generation, dividend or buyback surprise candidates, and select central or state-owned enterprises (SOEs).

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　　The portfolio includes ICBC (01398.HK) -0.040 (-0.885%) Short selling $845.98M; Ratio 32.579% , BANK OF CHINA (03988.HK) -0.030 (-0.789%) Short selling $453.89M; Ratio 36.092% , CM BANK (03968.HK) -0.350 (-0.999%) Short selling $148.00M; Ratio 19.841% , PICC P&C (02328.HK) +0.020 (+0.201%) Short selling $16.99M; Ratio 6.648% , TENCENT (00700.HK) -5.600 (-1.468%) Short selling $1.26B; Ratio 12.815% , JD-SW (09618.HK) -1.000 (-0.913%) Short selling $393.54M; Ratio 25.649% , BYD COMPANY (01211.HK) -1.000 (-0.423%) Short selling $324.63M; Ratio 22.327% , YUM CHINA (09987.HK) -1.400 (-0.560%) Short selling $63.29M; Ratio 6.354% , ZTO EXPRESS-W (02057.HK) -3.100 (-1.871%) Short selling $13.06M; Ratio 7.358% and TONGCHENGTRAVEL (00780.HK) -0.120 (-0.776%) Short selling $17.25M; Ratio 6.440% , etc..

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-21 16:25.)

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