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韩国资本A股重整市场扫货!中国硕博团队操盘,浮盈惊人
证券时报·2025-03-19 08:47

Core Viewpoint - Korean investors are increasingly buying Chinese stocks, with a notable surge in trading volume, indicating a strong interest in A-shares and restructuring opportunities in the market [2][14]. Group 1: Korean Investment in Chinese Stocks - In February, Korean investors' trading volume in Chinese stocks reached $782 million, nearly doubling from the previous month and marking the highest level since August 2022 [2]. - The interest in Chinese stocks is not limited to retail investors; institutional players like Korean banks and the National Pension Service have also been active in the A-share market [2]. Group 2: Involvement in Corporate Restructuring - Korean capital has been involved in multiple corporate restructurings, with significant participation from firms like 松树慧林 (Pine Tree) and 宁波铭志 (Ningbo Mingzhi) [4][5]. - 松树慧林, a private equity fund, has focused on distressed company restructurings, with a notable average acquisition cost of 1.35 yuan per share for ST花王 [4][10]. Group 3: Performance of Investments - The investments made by 松树慧林 have shown substantial unrealized gains, with ST花王 shares valued at approximately 1.04 billion yuan, resulting in a floating profit of 86.72 million yuan [10]. - The financial investors involved in the restructuring of *ST中利 have seen a floating profit of 211.25%, with shares acquired at 0.80 yuan now trading at 2.49 yuan [10]. Group 4: Regulatory Environment - The regulatory framework for corporate restructuring is evolving, with new guidelines issued by the China Securities Regulatory Commission to enhance the quality of restructuring processes and protect stakeholders' rights [16]. - The new regulations set limits on capital increases and establish minimum pricing for shares acquired during restructurings, aiming to prevent excessive dilution of existing shareholders' interests [16].