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 Hong Kong-listed mainland stocks ahead of the HSCEI August 2026 review.</li>
<li>The screen produces one ADD and one DELETE, and the DELETE fires only if the ADD lands.</li>
<li>We note that the committee skipped the same ADD candidate last review but re-iterate our call.</li>
</ul>


We screen the Hong Kong-listed mainland stocks ahead of the HSCEI August 2026 review.
The screen produces one ADD and one DELETE, and the DELETE fires only if the ADD lands.
We note that the committee skipped the same ADD candidate last review but re-iterate our call.


Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Cover Story: Balancing China’s development with need for food production</li><li>Beijing drops more Covid rules as outbreak declared ‘under control’</li><li>China’s services activity shrinks a little less severely, Caixin PMI shows</li></ul>

Cover Story: Balancing China’s development with need for food productionBeijing drops more Covid rules as outbreak declared ‘under control’China’s services activity shrinks a little less severely, Caixin PMI shows

CX Daily: Balancing China’s Development With Need for Food Production

Thematic (Sector/Industry)

<ul><li>China has long been known to undertake ambitious projects that seek to move resources right across the country to develop areas critical to the economy. </li><li>Looking to replicate its early successes, Beijing has initiated a similar national resource channeling project. This time around, it is targeting data centers, which are seen by Beijing as critical infrastructure for today’s increasingly digitalized economy.</li><li>The main idea of the plan is to boost data centers in the country’s economically poorer but energy-rich western regions, taking part of the data processing workload currently handled predominantly in eastern facilities, where energy is more expensive.</li></ul>

China has long been known to undertake ambitious projects that seek to move resources right across the country to develop areas critical to the economy. Looking to replicate its early successes, Beijing has initiated a similar national resource channeling project. This time around, it is targeting data centers, which are seen by Beijing as critical infrastructure for today’s increasingly digitalized economy.The main idea of the plan is to boost data centers in the country’s economically poorer but energy-rich western regions, taking part of the data processing workload currently handled predominantly in eastern facilities, where energy is more expensive.

Five Things to Know About China’s Mega East-West Data Center Plan

<ul>
<li>
Cover Story: How a Fortune 500 company built a commodity colossus on a shell game
</li>
<li>
Analysis: Why Singapore could coexist with Covid, but not Hong Kong
</li>
<li>
China moves to protect vulnerable services sector from excessive local Covid control measures
</li>
</ul>



Cover Story: How a Fortune 500 company built a commodity colossus on a shell game


Analysis: Why Singapore could coexist with Covid, but not Hong Kong


China moves to protect vulnerable services sector from excessive local Covid control measures



CX Daily: How a Fortune 500 Company Built a Commodity Colossus on a Shell Game

Research on Tech Companies

Evelyn Zhang

<ul>
<li> More difficult for companies to obtain and accumulate data;</li>
<li>Digital advertising alliance will be impacted, precision advertising ROI will decline</li>
<li>Mobility service provider like Didi, Ctrip will no longer able to offer differentiate pricing through user profile, also restricted for containing  on national geographic information security</li>
<li>Public Cloud market will transfer from current internet cloud provider to state-owned cloud, benefit infrastructure and service providers</li>
<li>Facial Recognition AI such as in-car camera for autonomous driving assistance will be impacted</li>
<li>Short video content platform will have restrictions on the use of recommendation algorithms, which may cause a decline in user time, and the ecommerce product recommendation accuracy</li>
<li>Internet companies with more than 1mn users that have plans to list in US will have to reconsider</li>
</ul>


 More difficult for companies to obtain and accumulate data;
Digital advertising alliance will be impacted, precision advertising ROI will decline
Mobility service provider like Didi, Ctrip will no longer able to offer differentiate pricing through user profile, also restricted for containing  on national geographic information security
Public Cloud market will transfer from current internet cloud provider to state-owned cloud, benefit infrastructure and service providers
Facial Recognition AI such as in-car camera for autonomous driving assistance will be impacted
Short video content platform will have restrictions on the use of recommendation algorithms, which may cause a decline in user time, and the ecommerce product recommendation accuracy
Internet companies with more than 1mn users that have plans to list in US will have to reconsider


Law & Order: What the New Data Security Laws Mean for China's Tech Sector?

Hong Kong

China Unicom (Hong Kong) Limited is a telecommunications service provider in China, offering mobile and fixed-line broadband, GSM, ICT, data communications, and cloud services. It operates as the incumbent fixed-line operator in 10 northern Chinese provinces and the third-largest wireless operator nationwide. The company was incorporated in Hong Kong in February 2000.

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China Unicom (Hong Kong) (CHU US)

HSCEI Sep 2026 Index Rebalance Forecast

We pair a WuXi Bio ADD with a Shenzhou DELETE at mid conviction. The committee skipped WuXi Bio last review, but this time we would not rule the...

Ke Yan, CFA, FRM

CX Daily: Balancing China’s Development With Need for Food Production

Cover Story: Balancing China’s development with need for food production. Beijing drops more Covid rules as outbreak declared ‘under control’

Caixin Global

Five Things to Know About China’s Mega East-West Data Center Plan

China has long been known to undertake ambitious projects that seek to move resources right across the country to develop areas critical to the...

Caixin Global

CX Daily: How a Fortune 500 Company Built a Commodity Colossus on a Shell Game

Cover Story: How a Fortune 500 company built a commodity colossus on a shell game Analysis: Why Singapore could coexist with Covid, but not...

Caixin Global

Law & Order: What the New Data Security Laws Mean for China's Tech Sector?

China's recent new sweeping data security and protection laws have set the tech sector in turmoil, We examin what are the impact way forward.

Evelyn Zhang

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52-week Range

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