Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The ChiNext Index represents the performance of the 100 largest and most liquid A-share stocks listed on the ChiNext Market of the Shenzhen Stock Exchange.</li>
<li>The ChiNext 50 index is a subset of the ChiNext Index and it consists of the top 50 names in the ChiNext Index with the highest daily average turnover.</li>
<li>We see 6 changes for the ChiNext Index and 5 changes for the ChiNext 50 Index in the next index rebal event.</li>
</ul>


The ChiNext Index represents the performance of the 100 largest and most liquid A-share stocks listed on the ChiNext Market of the Shenzhen Stock Exchange.
The ChiNext 50 index is a subset of the ChiNext Index and it consists of the top 50 names in the ChiNext Index with the highest daily average turnover.
We see 6 changes for the ChiNext Index and 5 changes for the ChiNext 50 Index in the next index rebal event.


Quiddity Leaderboard ChiNext & ChiNext 50 Jun26: ~US$1.86bn Combined One-Way Flow; Ranks Can Change

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.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of A-share stocks as of Aug 14th. The aggregated net margin trading position is USD357,520m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in SHANGHAI GENTECH, TCL, JIANGSU HENGRUI MEDICINE, CSSC, CMOC.</li>
</ul>


We analyzed the changes in margin trading positions of A-share stocks as of Aug 14th. The aggregated net margin trading position is USD357,520m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in SHANGHAI GENTECH, TCL, JIANGSU HENGRUI MEDICINE, CSSC, CMOC.


A-Share Margin Trading Weekly (Aug 14th): SHANGHAI GENTECH, TCL, JIANGSU HENGRUI MEDICINE, CSSC

Shaanxi Intl Trust Co Ltd A / Index Rebalance

<ul>
<li>The June 2026 index review results for China's CSI 1000 index were announced after market close on Friday 29th May 2026.</li>
<li>There will be 100 ADDs/DELs for CSI 1000 in the December 2025 rebalance.</li>
<li>The CSI 1000 index rebal event could trigger US$1.2bn in one-way flow.</li>
</ul>


The June 2026 index review results for China's CSI 1000 index were announced after market close on Friday 29th May 2026.
There will be 100 ADDs/DELs for CSI 1000 in the December 2025 rebalance.
The CSI 1000 index rebal event could trigger US$1.2bn in one-way flow.


Quiddity CSI 1000 Jun26 Results: 84% Correctly Predicted; ~US$1.2bn One-Way Flow

<ul>
<li>CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.</li>
<li>There were 6 intra-review ad hoc changes announced for the CSI 1000 index this week due to some index constituents being labeled "Special Treatment" companies (covered in QIPS yesterday).</li>
<li>Here we present our final expectations for ADDs and DELs for the upcoming semiannual index rebal event in June 2026. We expect 100 ADDs/DELs. There are our final expectations.</li>
</ul>


CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.
There were 6 intra-review ad hoc changes announced for the CSI 1000 index this week due to some index constituents being labeled "Special Treatment" companies (covered in QIPS yesterday).
Here we present our final expectations for ADDs and DELs for the upcoming semiannual index rebal event in June 2026. We expect 100 ADDs/DELs. There are our final expectations.


Quiddity Leaderboard CSI 1000 Jun26: Ad Hoc Changes Announced; Final Expectations Post-Adjustment

<ul>
<li>CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.</li>
<li>Currently, we see 100 ADDs/DELs for the CSI 1000 index for the semiannual index rebal event in June 2026.</li>
<li>With approximately 98% of the reference period covered, ADDs and DELs are now broadly stable.</li>
</ul>


CSI 1000 represents the next 1000 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges after CSI 800.
Currently, we see 100 ADDs/DELs for the CSI 1000 index for the semiannual index rebal event in June 2026.
With approximately 98% of the reference period covered, ADDs and DELs are now broadly stable.


Quiddity Leaderboard CSI 1000 Jun26: Strong Outperformance of Net Inflows Vs Net Outflows

China

Jafron Biomedical Co., Ltd. manufactures biomaterials and medical devices. The Company researches, produces, and sells immunization adsorption, resin hemoperfusion, blood purification, resin bandage, and other related products. Jafron Biomedical markets throughout China.

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Jafron Biomedical (300529 CH)

Quiddity Leaderboard ChiNext & ChiNext 50 Jun26: ~US$1.86bn Combined One-Way Flow; Ranks Can Change

We see US$1.86bn in combined one-way flow for the ChiNext and ChiNext 50 June 2025 index rebal events. With more time left in the reference period,...

Janaghan Jeyakumar, CFA

Quiddity CSI 1000 Jun26 Results: 84% Correctly Predicted; ~US$1.2bn One-Way Flow

The CSI 1000 ADDs are up nearly 7% against the the CSI 1000 DELs from 2nd June 2026 to 11th June 2026 going by the naming convention used in this...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Ad Hoc Changes Announced; Final Expectations Post-Adjustment

The CSI 1000 index could see US$1.6bn one-way flows during the June 2026 index rebal event. The ADDs/DELs could be confirmed after market close on...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Strong Outperformance of Net Inflows Vs Net Outflows

On aggregate, the 100 CSI 1000 Expected ADDs and DELs could see ~US$1.49bn index buying and ~US$1.5bn index selling related to the CSI 1000 index.

Janaghan Jeyakumar, CFA

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Quiddity Leaderboard ChiNext & ChiNext 50 Jun26: ~US$1.86bn Combined One-Way Flow; Ranks Can Change

We see US$1.86bn in combined one-way flow for the ChiNext and ChiNext 50 June 2025 index rebal events. With more time left in the reference period,...

Janaghan Jeyakumar, CFA

A-Share Margin Trading Weekly (Aug 14th): SHANGHAI GENTECH, TCL, JIANGSU HENGRUI MEDICINE, CSSC

We analyzed A-share margin trading positions report for the past week and highlighted SHANGHAI GENTECH, TCL, JIANGSU HENGRUI MEDICINE, CSSC, CMOC.

Ke Yan, CFA, FRM

Quiddity CSI 1000 Jun26 Results: 84% Correctly Predicted; ~US$1.2bn One-Way Flow

The CSI 1000 ADDs are up nearly 7% against the the CSI 1000 DELs from 2nd June 2026 to 11th June 2026 going by the naming convention used in this...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Ad Hoc Changes Announced; Final Expectations Post-Adjustment

The CSI 1000 index could see US$1.6bn one-way flows during the June 2026 index rebal event. The ADDs/DELs could be confirmed after market close on...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 1000 Jun26: Strong Outperformance of Net Inflows Vs Net Outflows

On aggregate, the 100 CSI 1000 Expected ADDs and DELs could see ~US$1.49bn index buying and ~US$1.5bn index selling related to the CSI 1000 index.

Janaghan Jeyakumar, CFA