Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Index Rebalance

<ul>
<li>We screen the STAR Market eligible universe ahead of the STAR50 Sep 2026 review.</li>
<li>Four stocks stand out as high-conviction ADDs this cycle, all with clear rank cushions.</li>
<li>We expect 3 high-conviction DELETEs and 2 mid-conviction DELETEs due to their proximity to the edge of DELETE zone.</li>
</ul>


We screen the STAR Market eligible universe ahead of the STAR50 Sep 2026 review.
Four stocks stand out as high-conviction ADDs this cycle, all with clear rank cushions.
We expect 3 high-conviction DELETEs and 2 mid-conviction DELETEs due to their proximity to the edge of DELETE zone.


Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Huolinhe Opencut Coal Ind Corp Ltd. / Index Rebalance

Huolinhe Opencut Coal Ind Corp Ltd. (002128 CH)

<ul>
<li>CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.</li>
<li>In this insight, we take a look at the potential ADDs and DELs leading the rankings for the semiannual index rebal event in December 2026.</li>
<li>Currently, we see 30 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.</li>
</ul>


CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.
In this insight, we take a look at the potential ADDs and DELs leading the rankings for the semiannual index rebal event in December 2026.
Currently, we see 30 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.


Quiddity Leaderboard CSI 300/​​500 Dec26: Inflow Names Beginning to Rebound Against Outflow Names

<ul>
<li>CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.</li>
<li>In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in December 2026.</li>
<li>Currently, we see 30 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index. These are the maximum number of changes allowed per review.</li>
</ul>


CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.
In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in December 2026.
Currently, we see 30 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index. These are the maximum number of changes allowed per review.


Quiddity Leaderboard CSI 300/​​500 Dec26: Max Changes; Mega Flows

Shijiazhuang Dongfang Energy / Index Rebalance

Quiddity Leaderboard CSI 300/​​500 Dec26: Combined One-Way Flow >US$9bn

<ul>
<li>The September 2026 index review results for the STAR 50 and STAR 100 indices were announced after market close on Friday 28th August 2026.</li>
<li>There will be five changes for the STAR 50 index and ten changes for the STAR 100 index.</li>
<li>We expect one-way flows of approximately US$1.8bn and US$593mn for the STAR 50 and STAR 100 index rebal events, respectively.</li>
</ul>


The September 2026 index review results for the STAR 50 and STAR 100 indices were announced after market close on Friday 28th August 2026.
There will be five changes for the STAR 50 index and ten changes for the STAR 100 index.
We expect one-way flows of approximately US$1.8bn and US$593mn for the STAR 50 and STAR 100 index rebal events, respectively.


Quiddity STAR 50/100 Sep26 Results: 8/10 Correct for STAR 50; Many Surprises Among STAR100 ADDs

China

Arashi Vision Inc. manufactures and distributes consumer electronics. The Company produces panoramic cameras, sports cameras, and other intelligent imaging devices. Arashi Vision markets products worldwide.

Price Gauge
52-week Range	0.00 - 0.00
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Arashi Vision (688775 CH)

STAR50 Sep 2026 Index Rebalance Forecast

We expect 4 High Conviction ADDs and 1 Mid Conviction ADD, against 3 High Conviction DELETEs and 2 Mid Conviction DELETEs on rank shortfall depth.

Ke Yan, CFA, FRM

Quiddity Leaderboard CSI 300/500 Dec26: Inflow Names Beginning to Rebound Against Outflow Names

On average, the current expected inflow names have outperformed the current expected outflow names since the beginning of August. This is a...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 300/500 Dec26: Max Changes; Mega Flows

The December 2026 CSI 300 and CSI 500 index rebal events could trigger one-way flows of US$8.1bn and US$6bn respectively. Some names involved in...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 300/500 Dec26: Combined One-Way Flow >US$9bn

The CSI 300 and CSI 500 December 2026 index rebal events could see one-way flows of US$4.9bn and US$4.2bn respectively. The reference period for...

Janaghan Jeyakumar, CFA

Quiddity STAR 50/100 Sep26 Results: 8/10 Correct for STAR 50; Many Surprises Among STAR100 ADDs

The STAR 50 ADDs/DELs have between 0.5x-3.5x ADV to trade. The impacts for the STAR 100 ADDs/DELs are significantly lower.

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

STAR50 Sep 2026 Index Rebalance Forecast

We expect 4 High Conviction ADDs and 1 Mid Conviction ADD, against 3 High Conviction DELETEs and 2 Mid Conviction DELETEs on rank shortfall depth.

Ke Yan, CFA, FRM

Quiddity Leaderboard CSI 300/​​500 Dec26: Inflow Names Beginning to Rebound Against Outflow Names

On average, the current expected inflow names have outperformed the current expected outflow names since the beginning of August. This is a...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 300/​​500 Dec26: Max Changes; Mega Flows

The December 2026 CSI 300 and CSI 500 index rebal events could trigger one-way flows of US$8.1bn and US$6bn respectively. Some names involved in...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 300/​​500 Dec26: Combined One-Way Flow >US$9bn

The CSI 300 and CSI 500 December 2026 index rebal events could see one-way flows of US$4.9bn and US$4.2bn respectively. The reference period for...

Janaghan Jeyakumar, CFA

Quiddity STAR 50/100 Sep26 Results: 8/10 Correct for STAR 50; Many Surprises Among STAR100 ADDs

The STAR 50 ADDs/DELs have between 0.5x-3.5x ADV to trade. The impacts for the STAR 100 ADDs/DELs are significantly lower.

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 300/500 Dec26: Inflow Names Beginning to Rebound Against Outflow Names

Quiddity Leaderboard CSI 300/500 Dec26: Max Changes; Mega Flows

Quiddity Leaderboard CSI 300/500 Dec26: Combined One-Way Flow >US$9bn