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S&P Global Market Intelligence CONTRIBUTOR
As an ESG Client Engagement Manager for APAC, Sannya Joseph focusses on helping financial institutions integrate sustainability into their workflows and reporting requirements.Full Bio
Jul 2021
Blog

中外券商A股预测数据的对比和发现

在本文中,我们将关注外资在华持股限制条件放松的情况,以及中国券商和国外券商对中国 A 股的预估数据。具体而言,我们将通过对比中国券商和外国券商的预测数据来探讨其中是否存在任何隐性偏差,并探索是否能够通过结合中外券商的数据来提高预估准确性。我们使用了过去六年中证 100 指数的成分股作为样本,再用其预测收益的偏差情况来衡量和对比国内外券商预测准确性,即,根据公认会计准则 (GAAP) 计算年度实际每股收益 (EPS) 与预估的EPS (GAAP)之间的差异来判断。 引言 2013 年,中国颁布了合格境外投资者 (QFII) 制度。随后在 2014 年,开放了内地香港股票市场交易互联互通机制 (沪深港通)。2018 年,MSCI再度纳入中国 A 股到MSCI 指数。这些进展都大大拓宽了国外投资者和市场参与者进入A 股市场的渠道。 我们采用标普全球市场财智...

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  • Investment Management
Jun 2021
Blog

Foreign Brokers, Fish out of Water in China Market?

In this article, we look at the easing of foreign ownership limits in China and estimates provided by domestic and international brokers for China A shares. Specifically, we explore whether there was any implicit bias in the Chinese brokers’ estimates versus their international counterparts, and whether combining foreign brokers’ estimates with those of Chinese brokers could he...

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  • Investment Management
Apr 2020
Research

AFL Style Analysis During Periods Of Duress

Due to the recent developments globally on the COVID-19 outbreak and the subsequent drop in equity markets, S&P Global Market Intelligence has carried out analysis on historical periods of duress (i.e. financial and health crises and global recessions) and underlying factor/style performance using our Alpha Factor Library (AFL) tool on the S&P Capital IQ platform. Our AFL tool ...

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  • Investment Management

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