Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<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>Here we look at the June 2026 rebal. Currently, we see 16 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.</li>
<li>The "rising midcaps" (CSI 500 to 300, and CSI 500 predicted inclusions) have been on a very strong run. Market participants de-grossing, if it continues, could cause some pain.</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.
Here we look at the June 2026 rebal. Currently, we see 16 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.
The "rising midcaps" (CSI 500 to 300, and CSI 500 predicted inclusions) have been on a very strong run. Market participants de-grossing, if it continues, could cause some pain.


Quiddity Leaderboard CSI 300/​​500 Jun26: US$7.8bn Combined One-Way Flows

Shanghai RAAS Blood Products C / Index Rebalance

Shanghai RAAS Blood Products C (002252 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 race for the semiannual index rebal event in June 2026.</li>
<li>Currently, we see 17 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 race for the semiannual index rebal event in June 2026.
Currently, we see 17 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.


Quiddity Leaderboard CSI 300/​​500 Jun26: Flow Sizes Drop; Net Inflows Underperform Net Outflows

Asia Pac ECM and Index Rebal, DZT Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT 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 analysed the earning revision of component stocks of STAR50 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on TRINA SOLAR, JINKO SOLAR, BIWIN STORAGE TECHNOLOGY, Ninebot, TRANSSION.</li>
</ul>


We analysed the earning revision of component stocks of STAR50 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on TRINA SOLAR, JINKO SOLAR, BIWIN STORAGE TECHNOLOGY, Ninebot, TRANSSION.


STAR50 Index Earning Revision (Jan): TRINA SOLAR, JINKO SOLAR, BIWIN STORAGE, Ninebot

Quiddity Leaderboard CSI 300/​​500 Jun26: Mega Flows; Some Large Individual Flow Names Too

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Guotai Junan Securities   / Index Rebalance

<ul>
<li>There could be 23 changes for the CSI A500 Index at the December rebalance. Turnover is estimated at 2.9% and the round-trip trade is around US$1.6bn.</li>
<li>There is a fair amount of balance between sectors with Consumer Discretionary and Health Care expected to lose index spots to Industrials, Information Technology and Materials.</li>
<li>The forecast adds outperformed the forecast deletes from June-September but have given up gains since then. Position in stocks that will have same-way flows from passive trackers of other indices.</li>
</ul>


There could be 23 changes for the CSI A500 Index at the December rebalance. Turnover is estimated at 2.9% and the round-trip trade is around US$1.6bn.
There is a fair amount of balance between sectors with Consumer Discretionary and Health Care expected to lose index spots to Industrials, Information Technology and Materials.
The forecast adds outperformed the forecast deletes from June-September but have given up gains since then. Position in stocks that will have same-way flows from passive trackers of other indices.


CSI A500 Index Rebalance Preview: Bunch of Changes to Lead to US$1.6bn Trade

China

Verisilicon Microelectronics (Shanghai) Co., Ltd. manufactures and distributes chips. The Company provides chips designing, production, testing, marketing, and other related services. Verisilicon Microelectronics (Shanghai) markets its products worldwide.

Verisilicon Microelectronics S (688521 CH)

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52-week Range	0.00 - 0.00
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Dividend (Yield)	0.00

Verisilicon Microelectronics S (688521 CH)

Quiddity Leaderboard CSI 300/500 Jun26: US$7.8bn Combined One-Way Flows

There could be US$7.8bn combined one-way flow for the CSI 300 and CSI 500 index rebal events in June 2026. However, tracking AUMs have been...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 300/500 Jun26: Flow Sizes Drop; Net Inflows Underperform Net Outflows

Net inflow names have continued to underperform net outflow names. The AUM tracking many China Mainland indices have decline sharply over the last...

Janaghan Jeyakumar, CFA

STAR50 Index Earning Revision (Jan): TRINA SOLAR, JINKO SOLAR, BIWIN STORAGE, Ninebot

We analyzed STAR50's consensus for Jan 2026 and highlighted changes of EPS in TRINA SOLAR, JINKO SOLAR, BIWIN STORAGE TECHNOLOGY, Ninebot, TRANSSION.

Ke Yan, CFA, FRM

Quiddity Leaderboard CSI 300/500 Jun26: Mega Flows; Some Large Individual Flow Names Too

CSI 300 and CSI 500 Jun26 index rebal events could see one-way flows of US$6.8bn and US$7.6bn respectively. There are many names with >US$100mn...

Janaghan Jeyakumar, CFA

CSI A500 Index Rebalance Preview: Bunch of Changes to Lead to US$1.6bn Trade

There could be 23 changes for the CSI A500 Index at the Dec rebal. Estimated turnover is 2.9% and round-trip trade is US$1.6bn. Adds outperformed...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Quiddity Leaderboard CSI 300/​​500 Jun26: US$7.8bn Combined One-Way Flows

There could be US$7.8bn combined one-way flow for the CSI 300 and CSI 500 index rebal events in June 2026. However, tracking AUMs have been...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard CSI 300/​​500 Jun26: Flow Sizes Drop; Net Inflows Underperform Net Outflows

Net inflow names have continued to underperform net outflow names. The AUM tracking many China Mainland indices have decline sharply over the last...

Janaghan Jeyakumar, CFA

STAR50 Index Earning Revision (Jan): TRINA SOLAR, JINKO SOLAR, BIWIN STORAGE, Ninebot

We analyzed STAR50's consensus for Jan 2026 and highlighted changes of EPS in TRINA SOLAR, JINKO SOLAR, BIWIN STORAGE TECHNOLOGY, Ninebot, TRANSSION.

Ke Yan, CFA, FRM

Quiddity Leaderboard CSI 300/​​500 Jun26: Mega Flows; Some Large Individual Flow Names Too

CSI 300 and CSI 500 Jun26 index rebal events could see one-way flows of US$6.8bn and US$7.6bn respectively. There are many names with >US$100mn...

Janaghan Jeyakumar, CFA

CSI A500 Index Rebalance Preview: Bunch of Changes to Lead to US$1.6bn Trade

There could be 23 changes for the CSI A500 Index at the Dec rebal. Estimated turnover is 2.9% and round-trip trade is US$1.6bn. Adds outperformed...

Brian Freitas

Quiddity Leaderboard CSI 300/500 Jun26: US$7.8bn Combined One-Way Flows

Quiddity Leaderboard CSI 300/500 Jun26: Flow Sizes Drop; Net Inflows Underperform Net Outflows

Quiddity Leaderboard CSI 300/500 Jun26: Mega Flows; Some Large Individual Flow Names Too