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 Jul 24th. The aggregated net margin trading position is USD364,422m.</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 PING AN INSURANCE, QINGDAO HUICHENG ENVIRONMENTAL TECHNOLOGY, EAST MONEY INFORMATION, ZTE, MONTAGE.</li>
</ul>


We analyzed the changes in margin trading positions of A-share stocks as of Jul 24th. The aggregated net margin trading position is USD364,422m.
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 PING AN INSURANCE, QINGDAO HUICHENG ENVIRONMENTAL TECHNOLOGY, EAST MONEY INFORMATION, ZTE, MONTAGE.


A-Share Margin Trading Weekly (Jul 24th): PING AN INSURANCE, EAST MONEY INFORMATION, ZTE, MONTAGE

<ul>
<li>We analyse the changes of A-H premium on 195 stocks over the last week. The average A-H premium was 79.4% as of Jul 24th.</li>
<li>The average A-H premium changed by -3.6ppt week-on-week, led by consumer staples, utilities, materials and offset by communication services, energy.</li>
<li>We highlight weekly changes in A-H premium for China Longyuan, CNOOC, Fuyao Glass, ZTE, Nci.</li>
</ul>


We analyse the changes of A-H premium on 195 stocks over the last week. The average A-H premium was 79.4% as of Jul 24th.
The average A-H premium changed by -3.6ppt week-on-week, led by consumer staples, utilities, materials and offset by communication services, energy.
We highlight weekly changes in A-H premium for China Longyuan, CNOOC, Fuyao Glass, ZTE, Nci.


A-H Premium Weekly (Jul 24th): China Longyuan, CNOOC, Fuyao Glass, ZTE, Nci

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Jul 17th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Hua Hong Semi, Knowledge Atlas, Ntes, China Resources Land, Weichai Power, CCB, China Life, Minimax.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Jul 17th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Hua Hong Semi, Knowledge Atlas, Ntes, China Resources Land, Weichai Power, CCB, China Life, Minimax.


HK Short Interest Weekly: Hua Hong Semi, Knowledge Atlas, Ntes, China Resources Land, Weichai Power

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>In depth: China’s planned revamp of trust bailout fund draws questions</li><li>Shanghai’s elderly Covid patients have a hard time coping with centralized quarantine</li><li>Private equity funds slow pace amid rising uncertainties</li></ul>

In depth: China’s planned revamp of trust bailout fund draws questionsShanghai’s elderly Covid patients have a hard time coping with centralized quarantinePrivate equity funds slow pace amid rising uncertainties

CX Daily: China’s Planned Revamp of Trust Bailout Fund Draws Questions

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Thematic (Sector/Industry)

<ul>
<li>Financials sector allocations continue to move higher.  Average holding weights stand at 18.78%, the highest level since early 2020 and well up from the lows of 15.06% in Sep 2020</li>
<li>Indonesia, Singapore, India and Thailand were responsible for the moves higher, with China &amp; HK not participating in the upturn. </li>
<li>AIA Group Ltd is the most widely held stock.  China Merchants Bank and Bank Central Asia the key overweights. China Construction Bank and ICBC are largely avoided by Asian investors.</li>
</ul>


Financials sector allocations continue to move higher.  Average holding weights stand at 18.78%, the highest level since early 2020 and well up from the lows of 15.06% in Sep 2020
Indonesia, Singapore, India and Thailand were responsible for the moves higher, with China &amp; HK not participating in the upturn. 
AIA Group Ltd is the most widely held stock.  China Merchants Bank and Bank Central Asia the key overweights. China Construction Bank and ICBC are largely avoided by Asian investors.


Asia Ex-Japan:  Financials Recovery Leaves China Behind

China

Ping An Insurance (Group) Company of China Limited provides products and services through its five ecosystems in financial services, healthcare, auto services, real estate services and Smart City solutions. The Group's insurance business writes property, casualty, and life insurance products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ping An Insurance Group of (601318 CH)

A-H Premium Weekly (Jul 24th): China Longyuan, CNOOC, Fuyao Glass, ZTE, Nci

We analyzed A-H premium changes in the past week and highlight A-H premium changes for China Longyuan, CNOOC, Fuyao Glass, ZTE, Nci.

Ke Yan, CFA, FRM

HK Short Interest Weekly: Hua Hong Semi, Knowledge Atlas, Ntes, China Resources Land, Weichai Power

We analyzed the latest HK SFC report for aggregate short position as of Jul 17th and highlight short interest changes in Hua Hong Semi (1347 HK),...

Ke Yan, CFA, FRM

CX Daily: China’s Planned Revamp of Trust Bailout Fund Draws Questions

In depth: China’s planned revamp of trust bailout fund draws questions. Shanghai’s elderly Covid patients have a hard time coping with centralized...

Caixin Global

Asia Ex-Japan: Financials Recovery Leaves China Behind

Financials exposure moves higher. Active weights hit their highest level since early 2020. Indonesia, Singapore and India Financials were the...

Steven Holden

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

A-Share Margin Trading Weekly (Jul 24th): PING AN INSURANCE, EAST MONEY INFORMATION, ZTE, MONTAGE

We analyzed A-share margin trading positions report for the past week and highlighted PING AN INSURANCE, QINGDAO HUICHENG ENVIRONMENTAL TECHNOLOGY,...

Ke Yan, CFA, FRM

A-H Premium Weekly (Jul 24th): China Longyuan, CNOOC, Fuyao Glass, ZTE, Nci

We analyzed A-H premium changes in the past week and highlight A-H premium changes for China Longyuan, CNOOC, Fuyao Glass, ZTE, Nci.

Ke Yan, CFA, FRM

HK Short Interest Weekly: Hua Hong Semi, Knowledge Atlas, Ntes, China Resources Land, Weichai Power

We analyzed the latest HK SFC report for aggregate short position as of Jul 17th and highlight short interest changes in Hua Hong Semi (1347 HK),...

Ke Yan, CFA, FRM

CX Daily: China’s Planned Revamp of Trust Bailout Fund Draws Questions

In depth: China’s planned revamp of trust bailout fund draws questions. Shanghai’s elderly Covid patients have a hard time coping with centralized...

Caixin Global

Asia Ex-Japan: Financials Recovery Leaves China Behind

Financials exposure moves higher. Active weights hit their highest level since early 2020. Indonesia, Singapore and India Financials were the...

Steven Holden