The latest position of 100 billion Jinglin is exposed!Significantly copy Ali, Manchu, heavy warehouse holds this stock!Optimistic about the six major directions

On the evening of August 12, the well -known private offering Jinglin submitted a report on US stock holdings in the second quarter of 2022 to the US Securities Regulatory Commission.

The report shows that China's Internet company is still the favorite of Jinglin. In the second quarter, the agency increased its holdings of Alibaba and Manchu, and shells became its largest heavy stock stocks.

It is worth noting that the 13F report disclosed the US stock positions of Jinglin Overseas, which does not include the US stocks of domestic main body and products.

Chinese reporters from the securities firm learned from the channel that despite many difficulties in China in the short term, Jinglin has firmly believed that China's long -term competitive advantage still exists. Interactive entertainment, new retail and new service platforms, applications under new energy structure, deep digital software and hardware, artificial intelligence development and application, and social attribute consumer goods are the six major directions held and optimistic at the current stage of Jinglin.

Great holding holding Alibaba, full gang

As of the end of June this year, Jinglin overseas held a total of 2.245 billion U.S. dollars (15.1 billion yuan), a decrease of US $ 86 million compared with the previous quarter.

The top ten major US stocks are Shell, JD, Netease, Jinrui Fund, Zhongtong Express, Alibaba, SEA, Pinduoduo, Manfu and BOSS direct hires, most of which are Chinese Internet companies. Among them, China Real Estate Trading Service Platform, Shell, is the largest US stock market in Jinglin. At the end of the period, the market value of the holding of 365 million US dollars and the number of shares held by 20.343 million shares.

From the perspective of changes in holdings, Jinglin is most interesting to the increase in Alibaba and Manchu. Alibaba ranked sixth in Jinglin US stocks. In the second quarter of this year, Jinglin increased its holdings of 936,000 shares of Alibaba, the number of shares rose to 1.2425 million shares, and the increase in its holdings in a single quarter reached 305%.

In addition, Jinglin also increased its holdings of 5.745 million shares in the second quarter, with an increase of 81%. As a result, Manfu was therefore rose to 9th place in Jinglin US stocks. The Manfang Group is consolidated by Jiangsu Manyun Software Technology Co., Ltd. (Yunman Manchu) and Guiyang Truck Gang Technology Co., Ltd. (truck gang) strategy. It is located on the Internet+logistics. Last June was listed on the US stocks. In July 2021, the National Cyber ​​Security Examination Office announced the network security review of multiple APPs such as "full transportation" and "truck gang", and stopped new user registration during the review. On June 29 this year, the official channels of the Gang Gang released news, the network security review was loose, and the APPs such as Manchuria and Van Gang resumed new users.

In terms of reducing holdings, Jinglin made significant reductions in US stock technology stocks in the second quarter. Among them, the reduction of the holdings of Google and Meta (Meta) reached 32%.

Look at the six major directions in the future

According to the information obtained from the channels of securities firms, although China is facing difficulties in the short term, it is based on the advantages of high education talents, infrastructure, new energy and electric vehicle industries, Jinglin still firmly believes that China's long -term competitive advantage still exists, and intellectual clusters , Industrial supporting clusters, improvement of infrastructure and energy resources guarantee will definitely enable the Chinese manufacturing industry to be further upgraded and iterated. Some core competitive Chinese companies will be slightly siege in the global market.

At present, Jinglin holds and is optimistic about the following six directions:

1. Interactive entertainment

It is mainly an indispensable universal platform company in high -quality game companies and Chinese people. The market market after strengthening the protection of minors is too pessimistic. In fact, the game has become part of most young people's lives and one of the way they communicate with others. Whether it is the current online game or the virtual reality of the Yuan universe in the future, the long -term technical investment of the game manufacturer behind these progress requires the long -term technical input of the game manufacturer and the multi -person multi -team collaboration. The re -distribution of the game version number marks the bottom of the policy.

2. New retail and new service platforms

Since May, the government's attitude towards platform companies has changed. In the future, normalized supervision and red and green light settings will allow Internet platform companies to return to the normal track of development, but over -competition in the past may be suppressed. This may gradually bring a reasonable profit margin regardless of retail or services.

Due to the disturbance of the epidemic in the first half of this year, the staged interruption of logistics and service has occurred. However, the online trend of retail and living services has continued to strengthen, and platform companies have become infrastructure in the field of business services and circulation. At present, Internet platform companies are in a three -bottom stack of performance+policy base+valuation bottom. The low base effects starting in the second half of last year will bring most companies back to the growth of growth.

Third, the application under the new energy structure

Russia and Ukraine conflict and global inflation have once again proved the importance of energy independence. All countries are firmly taking the path of changing the energy structure, making more sustainable energy supplement and replacement of fossil energy. In this regard, Chinese companies have huge first -mover and industrial chain advantages: a number of world -class companies appeared in the fields of solar, wind energy, power batteries, energy storage batteries.

Fourth, deep digital software and hardware

Improve efficiency is always the most important driving force for economic development. Digitalization is a process that has occurred and irreversible. We are experiencing the process of depth digitalization, including the acceleration of Shangyun, the comprehensive digitalization of enterprise production management, the digitalization of payment, the digitalization of entertainment, and the digitalization of government operation management. The data center business and various forms of cloud services in this process will produce strong viscosity. Once used, the migration cost is high. China and the United States have investment value in this area.

Fifth, the development and application of artificial intelligence

Aside from the periodic interference of factors such as inflation and interest rate hikes, it is clear that artificial intelligence can still be clearly seen as the algorithm computing power is strengthened. With the price of sensor prices, such as autonomous driving or living service robots, production labor robots Waiting for landing applications will be accelerated, which is also a solution to the lack of labor and aging problems. Judging from the current progress of enterprises, the most likely projects to land are the realization of autonomous driving. Revolutionary breakthroughs in this field will subvert the existing automotive industry and transportation services. This is another revolutionary product that changes our lifestyle after smartphones.

6. Consumer goods of social attributes

Digitalization and artificial intelligence will bring us more convenient and comfortable life and efficient social operations, but the social needs in the deep human nature -the demand for "defining self -difference to others" in the crowd still has not changed. There is a type of commodity that meets people's needs due to historical origin and difficulty in copying quality characteristics. This is a reward for people's lives and a carrier that respects others in social networking. This type of business model is simple and stable, and there are extremely high moats.

Responsible editor: Li Xuefeng

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