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>CXMT listed on the SSE STAR Market on 27 Jul 2026. This note works through the entry rules and timing for Stock Connect, STAR50 and CSI 300.</li>
<li>We estimate Northbound Connect access in Nov 2026 and a possible STAR50 ADD in Dec 2026. Then CSI 300 ADD in December 2027.</li>
<li>It is already in MS-China All Shares. Then a possible MS-China ADD would follow at the February 2027 review, effective 1 Mar 2027.</li>
</ul>


CXMT listed on the SSE STAR Market on 27 Jul 2026. This note works through the entry rules and timing for Stock Connect, STAR50 and CSI 300.
We estimate Northbound Connect access in Nov 2026 and a possible STAR50 ADD in Dec 2026. Then CSI 300 ADD in December 2027.
It is already in MS-China All Shares. Then a possible MS-China ADD would follow at the February 2027 review, effective 1 Mar 2027.


CXMT: Path to Connect, STAR50 and CSI 300 Inclusion, and FF Nuances

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>The HSCEI serves as a benchmark to reflect the overall performance of the top 50 "Mainland China" securities listed in Hong Kong.</li>
<li>We expect one index change and we expect this to trigger total one-way flows of US$87mn including the effects of capping.</li>
<li>The index review results will be announced on 21 August.</li>
</ul>


The HSCEI serves as a benchmark to reflect the overall performance of the top 50 "Mainland China" securities listed in Hong Kong.
We expect one index change and we expect this to trigger total one-way flows of US$87mn including the effects of capping.
The index review results will be announced on 21 August.


Quiddity Leaderboard HSCEI Sep26: One Change Likely; Latest Flow Expectations

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>Offshore wind /In Depth: China’s offshore wind sector gears up for life after subsidies</li><li>Taiwan /Analysis: Foxconn founder’s independent leadership bid complicates Taiwan opposition efforts</li><li>Corruption /: Ex-provincial chief, once in charge of China’s medical reform, caught in corruption probe</li></ul>

Offshore wind /In Depth: China’s offshore wind sector gears up for life after subsidiesTaiwan /Analysis: Foxconn founder’s independent leadership bid complicates Taiwan opposition effortsCorruption /: Ex-provincial chief, once in charge of China’s medical reform, caught in corruption probe

CX Daily: China’s Offshore Wind Sector Gears Up for Life After Subsidies

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Aug 7th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Wuxi Apptec, Zijin Gold Intl, Kingboard Laminates, Minimax, CCB, ICBC, Petrochina.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Aug 7th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Wuxi Apptec, Zijin Gold Intl, Kingboard Laminates, Minimax, CCB, ICBC, Petrochina.


HK Short Interest Weekly: Wuxi Apptec, Zijin Gold Intl, Kingboard Laminates, Minimax, CCB, ICBC

<ul><li>Trust /: Five things to know about Chinese trust firms’ scramble to offload risky assets</li><li>Personnel /: China appoints vice foreign minister as ambassador to U.S.</li><li>Corruption /: Jilin Province Trust’s former chairman sentenced to 14 years in prison</li></ul>

Trust /: Five things to know about Chinese trust firms’ scramble to offload risky assetsPersonnel /: China appoints vice foreign minister as ambassador to U.S.Corruption /: Jilin Province Trust’s former chairman sentenced to 14 years in prison

CX Daily: Five Things to Know About Chinese Trust Firms’ Scramble to Offload Risky Assets

China

Industrial and Commercial Bank of China is a multinational banking and financial services corporation. It provides a comprehensive range of financial products and services, including corporate banking, retail banking, treasury operations, asset management, credit cards, and wealth management, to corporate and individual customers. The company is headquartered in Beijing, China, and was founded in 1984.

Industrial and Commercial Bank of China (1398 HK)

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Industrial and Commercial Bank of China (1398 HK)

CXMT: Path to Connect, STAR50 and CSI 300 Inclusion, and FF Nuances

We assess CXMT's index inclusion path after its July listing. We estimate Stock Connect access from 23 Nov 2026, a STAR50 ADD near 14 Dec 2026, and...

Ke Yan, CFA, FRM

Quiddity Leaderboard HSCEI Sep26: One Change Likely; Latest Flow Expectations

We expect the index review results for HSCEI to be publicly confirmed after market close on 21st August 2026. This is a good time to revisit this...

Janaghan Jeyakumar, CFA

CX Daily: China’s Offshore Wind Sector Gears Up for Life After Subsidies

Offshore wind /In Depth: China’s offshore wind sector gears up for life after subsidies Taiwan /Analysis: Foxconn founder’s independent leadership...

Caixin Global

HK Short Interest Weekly: Wuxi Apptec, Zijin Gold Intl, Kingboard Laminates, Minimax, CCB, ICBC

We analyzed the latest HK SFC report for aggregate short position as of Aug 7th and highlight short interest changes in Wuxi Apptec, Zijin Gold...

Ke Yan, CFA, FRM

CX Daily: Five Things to Know About Chinese Trust Firms’ Scramble to Offload Risky Assets

Trust /: Five things to know about Chinese trust firms’ scramble to offload risky assets Personnel /: China appoints vice foreign minister as...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)