更多资料加入知识星球:水木调研纪要 关注公众号:水木纪要 外资策略: 从北上到 QFII 20240613 摘要 外资对 A 股市场具有显著影响，近年来政策大力支持吸引外资投资，以增强市场活力和 govinus987 稳定性。截至 2024 年一季度，境外机构和个人持有 A 股市值规模为 2.8 万亿元%6整 • 个 A 股总市值的 3.17%,其中北上资金为 2.12万亿元,占整个 A 股总市值的2.41%。 • 外资进入 A 股市场主要通过 QFII、RQFII、战略投资者和互联互通机制三种模式。北上 资金是目前主要形式,但由于账户名称统一为中央结算所账户,难以区分真实外资比例, 且部分内资可能通过绕道港股进行 A 股投资 。g870 北上资金在行业偏好上主要集中于食品'橄榄'、新能源、医药、银行、家电和电子，风格 • 偏好大盘蓝筹及高市值股票。自:2024年5月13日起,北上资金实时交易数据不再披露, 这将使得高频数据获取变得困难,对以资金流为刻画的数据分析产生较大影响。 QFII 持仓数据主要来源于上市公司的十大流通股东名单,通过关键词识别方法进行匹 配。QFI 重仓股票数量不断增加,但重仓市值从 2 ...

TO THE MEMBER ASSOCIATIONS OF FIFA Circular no. 1889 Zurich, 7 June 2024 Amendments to the FIFA Statutes, the Regulations Governing the Application of the Statutes and the Standing Orders of the Congress Dear Sir or Madam, The 74th FIFA Congress held in Bangkok on 17 May 2024 approved amendments to the FIFA Statutes, the Regulations Governing the Application of the Statutes and the Standing Orders of the Congress as proposed and shared with the member associations per circular no. 1882. Those amendments ali ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - FIFA has implemented temporary regulatory measures in response to the ongoing war in Ukraine, specifically through Annexe 7 to the Regulations on the Status and Transfer of Players (RSTP) [2][4] - The updated Annexe 7 (June 2024 edition) aims to provide legal clarity and support for players, coaches, and clubs affected by the war, extending the regulatory framework until 30 June 2025 [4][14] - The measures are designed to balance the interests of all stakeholders while preventing potential abuses of the regulations [5][9] Summary by Sections Scope of Application - Annexe 7 applies to international employment contracts between players or coaches and clubs affiliated with the Ukrainian Association of Football (UAF) or the Football Union of Russia (FUR) [7][8] - Certain limitations are in place to prevent abuses, such as not applying to contracts of players or coaches registered with UAF or FUR after 21 May 2023 [9][10] Performance of Football Contracts - Players or coaches can unilaterally suspend their contracts until 30 June 2025, provided they inform the club in writing by 1 July 2024 [12][15] - A valid suspension means players or coaches are considered "out of contract" and can sign with new clubs without facing penalties [19][20] Registration Matters - Players previously registered with UAF or FUR can register with a maximum of four clubs during one season and play for three different clubs [21][23] - FIFA may authorize immediate registration if an ITC request is rejected by UAF or FUR [22][23] Protection of Minors - Minors fleeing Ukraine due to the conflict are exempt from the general prohibition on international transfers before the age of 18 [26][27] Training Compensation - Training compensation is payable by new clubs for players registered for the first time as professionals before their 23rd birthday, under certain conditions [28][30] - No training compensation is owed by clubs not affiliated with UAF or FUR for players registered after leaving Ukraine or Russia [33] Further Limitations - Players whose contracts are suspended cannot be transferred against payment or sign new contracts with clubs affiliated to UAF or FUR during the suspension [34][35]

Explanatory Note on New Provisions in the Regulations on the Status and Transfer of Players Regarding Female Players Minimum Labour Conditions for Female Players – 2024 Introduction As part of FIFA’s commitment to constantly adapt the regulatory framework to the reality of football and the transfer system, the FIFA Council agreed to mandate the FIFA administration to undertake a detailed assessment of the minimum labour conditions regarding pregnancy and maternity for profession ...

REGULATIONS on the Status and Transfer of Players JUNE 2024 Fédération Internationale de Football Association President: Gianni Infantino Secretary General: Mattias Grafström Address: FIFA FIFA-Strasse 20 P.O. Box 8044 Zurich Switzerland Telephone: +41 (0)43 222 7777 Internet: FIFA.com 3 TABLE OF CONTENTS DEFINITIONS 6 01. INTRODUCTORY PROVISION 12 1. Scope 13 02. STATUS OF PLAYERS 15 2. Status of players: amateur and professional players 16 3. Reacquisition of amateur status 16 4. Termination of activity 1 ...

Investment Rating - The report does not provide a specific investment rating for the industry Core Insights - The objectives of FIFA include promoting football globally, ensuring compliance with the Laws of the Game, and preventing corruption and match manipulation [18][22] - FIFA emphasizes the importance of human rights and non-discrimination in its operations [22] - The governance structure includes a Congress as the supreme body, a Council for strategic oversight, and a general secretariat for operational management [44] Membership - Membership is limited to one association per country, which must comply with FIFA's statutes and regulations [28][29] - Member associations have rights to participate in Congress, propose agenda items, and take part in FIFA competitions [31] - Obligations include compliance with FIFA regulations, participation in competitions, and payment of membership subscriptions [32] Governance and Structure - FIFA's governance includes various bodies such as the Congress, Council, and standing committees, which are responsible for different aspects of football management [44] - The Congress meets annually and can be called for extraordinary sessions as needed [46][47] - Voting in Congress is limited to one vote per member association, with provisions for representation and participation [48] Competitions and Integrity - FIFA is responsible for organizing international competitions and ensuring the integrity of the game [18][22] - The organization promotes fair play and ethical conduct among all stakeholders involved in football [18][22] Final Provisions - The statutes include provisions for the dissolution of FIFA and the enforcement of regulations [66][67] - FIFA's statutes and regulations are subject to amendments as necessary, ensuring adaptability to changing circumstances [66][67]

FIFA President’s Address Queen Sirikit National Convention Center, Bangkok, Thailand Friday, 17 May 2024 FIFA President’s Address 1: Welcome Football Unites the World is our theme. Let’s start with agenda item number 1. The welcome. So, sawadee ka - means hello in Thai, I’m told. Correct? Yeah? Hello everyone. Good morning, everyone, welcome everyone, all the delegates, the presidents, the vice-presidents of FIFA, (FIFA) Council members, confederation representatives, guests, members of the media. Welcome t ...