1、,2,2013,2,19,H,CFASAC SSACS0080512030003,MSCI,2013,2,,MSCI,2013,MSCI,2,13,2013,2,2013,2,28,3,1,MSCI,01339.HK,01336.HK,03900.HK,MSCI,1Foreign Inclusion Factor, FIF,32,138,MSCI,7,11,14400941.HK,1680,MSCI01339.HK,4590,2%3,20,MSCI2,01336.HK,03900.HK,3.4,2.5,4,1,/,5,5 6,6 9,203900.HK,28,01336.HK,MSCI,201
2、2,11,2012,MSCI11,2012,112012,11,30,5 6,12,3,H,MSCI China February 2013 Quarterly Review,2,19,2,MSCI1:,2013,2013,2,19,Ticker,Company Name,Chinese Name,GICS Sector,Mkt Cap Current Proforma(US$m) Wgt Wgt,WgtChange,Est.PassiveFlow(US$m),20DADVT(US$m),Est. Days 2012 2013 2012 2013to Trade P/E P/E P/B P/B
3、,Additions,1339 HK1336 HK3900 HK,PeopleS Insurance Co HNew China Life Insur HGreentown China Hldgs,FinancialsFinancialsFinancials,HKDHKDHKD,5,3684,2474,385,0.00%0.00%0.00%,0.32%0.30%0.17%,0.32%0.30%0.17%,45.942.724.6,52.612.49.8,0.93.42.5,19.124.47.2,16.518.16.2,2.52.21.4,2.31.91.2,Wgtd Avg,18.5,14.
4、9,2.2,1.9,2:,10,Ticker,Company Name,Chinese Name,GICS Sector,Mkt Cap Current Proforma(US$m) Wgt Wgt,WgtChange,Est.PassiveFlow(US$m),20DADVT(US$m),Est. Days 2012 2013 2012 2013to Trade P/E P/E P/B P/B,1339 HK1336 HK3328 HK3900 HK2601 HK175 HK6837 HK1169 HK1199 HK3377 HK,PeopleS Insurance Co HNew Chin
5、a Life Insur HBank Of Communications HGreentown China HldgsChina Pacific Ins Grp HGeely Automobile HldgsHaitong Securities Co HHaier Elctrncs Grp(Cn)Cosco PacificSino-Ocean Land Hldgs,FinancialsFinancialsFinancialsFinancialsFinancialsCons. Disc.FinancialsCons. Disc.IndustrialsFinancials,HKDHKDHKDHKD
6、HKDHKDHKDHKDHKDHKD,5,3684,24728,3554,38510,7914,9442,5644,5954,6144,284,0.00%0.00%0.77%0.00%1.24%0.28%0.21%0.20%0.38%0.29%,0.32%0.30%0.95%0.17%1.36%0.34%0.26%0.20%0.38%0.29%,0.318%0.296%0.181%0.171%0.128%0.056%0.050%0.002%0.000%0.000%,45.942.726.124.618.58.17.20.30.10.0,52.612.430.49.843.126.034.58.
7、911.59.5,0.93.40.92.50.40.30.20.00.00.0,19.124.46.27.236.916.030.516.212.511.4,16.518.16.56.221.513.223.913.711.010.0,2.52.21.01.42.42.51.84.91.20.7,2.31.90.91.22.22.11.73.71.10.7,3:,10,Ticker,Company Name,Chinese Name,GICS Sector,Mkt Cap Current Proforma(US$m) Wgt Wgt,WgtChange,Est.PassiveFlow(US$m
8、),20DADVT(US$m),Est. Days 2012 2013 2012 2013to Trade P/E P/E P/B P/B,941 HK939 HK1398 HK3988 HK883 HK857 HK700 HK2628 HK386 HK2318 HK,China MobileChina Construction Bk HIcbc HBank Of China HCnoocPetrochina Co HTencent Holdings Lim(Cn)China Life Insurance HChina Petro & Chem HPing An Insurance H,Tel
9、cosFinancialsFinancialsFinancialsEnergyEnergyI.T.FinancialsEnergyFinancials,HKD 222,276HKD 203,076HKD 64,359HKD 41,194HKD 91,891HKD 28,950HKD 65,606HKD 23,846HKD 22,070HKD 27,465,9.22%8.28%6.56%5.04%4.98%3.99%4.91%3.26%2.58%2.26%,9.10%8.18%6.47%4.97%4.91%3.94%4.86%3.22%2.55%2.24%,-0.116%-0.105%-0.08
10、3%-0.064%-0.063%-0.051%-0.049%-0.041%-0.033%-0.029%,-16.8-15.1-12.0-9.2-9.1-7.3-7.1-6.0-4.7-4.1,243.4194.3243.3169.9135.296.3120.5104.9128.6496.1,-0.07-0.08-0.05-0.05-0.07-0.08-0.06-0.06-0.04-0.01,11.16.97.06.58.812.831.139.410.219.1,11.16.66.76.49.011.124.619.28.314.8,1.91.41.51.11.81.59.92.61.22.8
11、,1.81.21.31.01.61.47.32.31.12.4,4:,10,Ticker,Company Name,Chinese Name,GICS Sector,Mkt Cap Current Proforma(US$m) Wgt Wgt,WgtChange,Est.PassiveFlow(US$m),20DADVT(US$m),Est. Days 2012 2013 2012 2013to Trade P/E P/E P/B P/B,1336 HK3900 HK1339 HK3328 HK2601 HK175 HK6837 HK1169 HK1199 HK3377 HK,New Chin
12、a Life Insur HGreentown China HldgsPeopleS Insurance Co HBank Of Communications HChina Pacific Ins Grp HGeely Automobile HldgsHaitong Securities Co HHaier Elctrncs Grp(Cn)Cosco PacificSino-Ocean Land Hldgs,FinancialsFinancialsFinancialsFinancialsFinancialsCons. Disc.FinancialsCons. Disc.IndustrialsF
13、inancials,HKDHKDHKDHKDHKDHKDHKDHKDHKDHKD,4,2474,3855,36828,35510,7914,9442,5644,5954,6144,284,0.00%0.00%0.00%0.77%1.24%0.28%0.21%0.20%0.38%0.29%,0.30%0.17%0.32%0.95%1.36%0.34%0.26%0.20%0.38%0.29%,0.296%0.171%0.318%0.181%0.128%0.056%0.050%0.002%0.000%0.000%,42.724.645.926.118.58.17.20.30.10.0,12.49.8
14、52.630.443.126.034.58.911.59.5,3.432.500.870.860.430.310.210.030.010.00,24.47.219.16.236.916.030.516.212.511.4,18.16.216.56.521.513.223.913.711.010.0,2.21.42.51.02.42.51.84.91.20.7,1.91.22.30.92.22.11.73.71.10.7,MSCI144,2013,2,15,MSCI,2,5:,10,2013,2,19,Ticker,Company Name,Chinese Name,GICS Sector,Mk
15、t Cap Current Proforma(US$m) Wgt Wgt,WgtChange,Est.PassiveFlow(US$m),20DADVT(US$m),Est. Days 2012 2013 2012 2013to Trade P/E P/E P/B P/B,552 HK6808 HK656 HK1025 HK694 HK900948 CG270 HK291 HK363 HK1828 HK,China Comm Servi HSun Art Retail GroupFosun IntL(Cn)Wumart Stores Inc HBeijing Cap IntL Airp HIn
16、ner Mongolia Yitai BGuangdong InvestmentChina Resources Ent.Shanghai Ind HldgsDah Chong Hong (Cn),TelcosCons. Stap.MaterialsCons. Stap.IndustrialsEnergyUtilitiesCons. Stap.IndustrialsCons. Disc.,HKDHKDHKDHKDHKDUSDHKDHKDHKDHKD,1,55413,9024,4881,0671,6633,9195,4038,0693,7222,169,0.21%0.48%0.15%0.15%0.
17、23%0.49%0.29%0.55%0.26%0.13%,0.21%0.47%0.15%0.14%0.23%0.48%0.29%0.54%0.25%0.13%,-0.003%-0.006%-0.002%-0.002%-0.003%-0.006%-0.004%-0.007%-0.003%-0.002%,-0.4-0.9-0.3-0.3-0.4-0.9-0.5-1.0-0.5-0.2,2.66.12.22.33.79.05.610.55.02.5,-0.14-0.14-0.13-0.12-0.11-0.10-0.10-0.10-0.09-0.09,11.636.212.224.618.78.514
18、.028.811.312.4,10.230.411.120.914.78.513.325.111.011.0,1.44.40.84.71.62.21.81.60.91.9,1.34.00.84.21.41.91.71.60.81.7,6:,GICS Sector,Mkt Cap(US$bn),Current ProformaWgt Wgt,WgtChange,Est. PassiveFlow(US$m),20DADVT(US$m),Est. Daysto Trade,Deletions Additions,FinancialsCons. Disc.IndustrialsMaterialsI.T
19、.HealthcareEnergyUtilitiesTelcosCons. Stap.,5847373508681884226688,39.8%5.5%6.5%4.5%6.6%0.8%16.3%3.2%11.4%5.4%,40.5%5.5%6.4%4.5%6.5%0.8%16.1%3.2%11.3%5.3%,0.67%0.00%-0.08%-0.06%-0.07%-0.01%-0.21%-0.04%-0.14%-0.07%,96.5-0.7-11.0-8.3-9.6-1.5-29.6-5.4-20.8-9.7,2,049.6236.4313.3235.4269.136.4566.793.732
20、8.2145.8,0.050.00-0.04-0.04-0.04-0.04-0.05-0.06-0.06-0.07,0000000000,3000000000,7:,GICS IndustryGroup,Mkt Cap(US$bn),Current ProformaWgt Wgt,WgtChange,Est. PassiveFlow(US$m),20DADVT(US$m),Est. Daysto Trade,Deletions Additions,InsuranceDiv. FinancialsReal EstateAutomobilesSemicon.Cons. DurablesBanksT
21、ech. Equip.Capital GoodsMaterialsPharmTransportationHealthcare EquipEnergyRetailingUtilitiesSoftwareFd. Bev. & Tbc.Household PrdtTelcosFood Retailing,8112109264123831646502276188354266521326623,7.6%0.9%6.0%2.4%0.3%0.6%25.3%1.4%4.1%4.5%0.1%2.3%0.7%16.3%2.4%3.2%4.9%3.1%1.1%11.4%1.2%,8.2%1.0%6.1%2.5%0.
22、3%0.6%25.2%1.4%4.1%4.5%0.1%2.3%0.7%16.1%2.4%3.2%4.9%3.1%1.1%11.3%1.2%,0.66%0.04%0.10%0.03%0.00%0.00%-0.13%-0.01%-0.05%-0.06%0.00%-0.02%-0.01%-0.21%-0.03%-0.04%-0.05%-0.04%-0.01%-0.14%-0.01%,95.55.814.04.1-0.5-0.5-18.8-2.0-7.5-8.3-0.2-3.5-1.3-29.6-4.3-5.4-7.1-5.6-1.9-20.8-2.1,733.785.7344.1129.859.92
23、7.9886.188.7221.3235.45.592.030.9566.778.893.7120.595.931.2328.218.8,0.130.070.040.03-0.01-0.02-0.02-0.02-0.03-0.04-0.04-0.04-0.04-0.05-0.06-0.06-0.06-0.06-0.06-0.06-0.11,000000000000000000000,201000000000000000000,MSCI144,2013,2,15,MSCI,3,DIns,ivur,.Fa,innc,Rance,eaia,AulEsls,totat,me,o,CSbile,onem
24、s,s.,i,Dcon,ur,ab.,le,TeBs,a,Cch.nks,apE,itaqu,lGip.,o,Mod,ats,er,ia,Tr,l,HanPhs,easpa,lthorrm,cata,retio,Eqn,u,Enip.,e,Rrgy,et,ai,l,Uing,ti,FdSlitie,.Bofts,w,Hev.ar,ou&e,seT,hobc,ld.,Pr,Fo,d,odTet,Rlcos,et,ai,lin,g,al,s,e,y,ci,al,s,lc,os,Te,ls,I.T,.,s.,D,is,c.,ca,r,er,g,ria,du,st,ri,U,til,iti,na,n,
25、C,on,H,ea,M,C,on,Fi,In,s.,S,at,e,En,lth,ta,p.,es,8:,9:,2013,2,19,(US$m)100,Est. Passive Flow,Est. Days to Trade (RHS),(Days)0.25,(US$m)100,Est. Passive Flow,Est. Days to Trade (RHS),(Days)0.5,806040200-20-40,0.200.150.100.050.00-0.05-0.10,806040200-20-40,0.40.30.20.10.0-0.1-0.2,10: 11,Review on MSCI
26、ChinaFeb 2013Nov 2012Aug 2012May 2012Feb 2012Nov 2011Aug 2011May 2011Feb 2011Nov 2010Aug 2010May 2010Feb 2010Nov 2009Aug 2009May 2009Feb 2009,No. of Addition32020101821634610570,No. of Deletion082601003011311020,MSCI144,2013,2,15,MSCI,4,506HK,272HK,384HK,6837HK,6030HK,6808HK,2007HK,639HK,3377HK,1199
27、HK,410HK,631HK,1333HK,3389HK,1728HK,1618HK,1068HK,336HK,200012CS,1101HK,(X),16,(X),20,2013,2,19,MSCI,2012,11,MSCIB 200012.SZ,2012,11,2012,11,11,30,MSCI,12,3,930,20,8.4,2012,11,13,8,B,11,30,B,20,15,11.4,12,14,00506.HK,11,MSCI,1690,206600,3.820,11,14.3,1113,30,11:,12,3,2400,12:,(Days)4 3.8,Days to Tra
28、de,Turnover on Nov 30 Relative to Prior 20D ADVT (RHS),(Days)-10,Days to Trade,Turnover on Nov 30 Relative to Prior 20D ADVT (RHS),14.3,-8.4,3,12,-8,14.7,15.4,16,10.5,12.7,2.4,-6,-5.5,10.8,10.2,12,2,8,8.6,6.51.3,1.34.5,4.3,-4,-3.1,-2.6,-2.6,-2.2,5.3,6.7,8,1,2.9,4,-2,-1.5,3.1,4,0.2,2.00.2,2.10.2,0.2,
29、1.3,0.1,0.80.1,0,-0.8,1.0-0.0,-0.0,0,0,0,MSCI130,2012,11,30,MSCI,2012,11,13,5,506HK,272HK,384HK,6837HK,6030HK,6808HK,2007HK,639HK,3377HK,1199HK,631HK,410HK,1333HK,3389HK,1728HK,1618HK,1068HK,200012CS,1101HK,336HK,4%,13:,14:,2013,2,19,(Days)4 3.83,2.4,Days to Trade,Relative Return to Sector (Nov 30,
30、2012, RHS)3.4%2.4%,3%,(Days)63,Days to Trade,Relative Return to Sector (Nov 30, 2011, RHS),5.4% 6%3%,2,1.3,1.5%1.3,2.0%,2%,0,0.2%-0.0,-0.0,0%,10,0.20.1% 0.2,0.2,0.2,0.1,0.1,1%0%,-3,-3.1,-2.6-3.5%,-2.6,-2.2-3.2%,-1.5-2.1%,-0.8,-3%,-1,-1%,-6,-5.5,-6%,-2,-1.4%,-2.2%,-1.3%,-2.0%,-1.0%,-2%,-9-12,-8.4-11.
31、4%,-7.8%,-7.6%,-8.0%,-9.9%,-9%-12%,-3,15:,10,-3%,Ticker,Company Name,Chinese Name,GICSSector,Mkt Cap(US$m),Wgt Wgt WgtBefore After Change,Est.PassiveFlow(US$m),Past 20DADVT(US$m),Est. Daysto Trade,Rel Rtn toSctr (Nov2930, 12),Turnover Rel to 20D(Nov 30, ADVT prior12, US$m) to Nov 30, 12,506 HK6837 H
32、K6030 HK6808 HK272 HK384 HK2007 HK639 HK3377 HK1199 HK,China FoodsHaitong Securities Co HCitic Securities Co HSun Art Retail GroupShui On Land(Cn)China Gas HoldingsCountry Garden HldgsShougang Fushan Res GrpSino-Ocean Land HldgsCosco Pacific,Cons. Stap.FinancialsFinancialsCons. Stap.FinancialsUtilit
33、iesFinancialsMaterialsFinancialsIndustrials,HKDHKDHKDHKDHKDHKDHKDHKDHKDHKD,2,8071,9452,20113,7852,5162,5937,9031,9363,7343,717,0.0%0.0%0.2%0.4%0.2%0.3%0.3%0.2%0.3%0.3%,0.1%0.2%0.3%0.5%0.2%0.3%0.3%0.2%0.3%0.3%,0.13%0.18%0.14%0.11%0.00%0.01%0.01%0.02%0.01%0.00%,16.923.417.713.90.61.11.72.00.80.6,4.49.
34、613.610.82.35.910.713.05.19.1,3.802.431.301.290.250.190.160.150.150.07,-1.4%-2.2%-1.3%1.5%0.1%2.0%2.4%-2.0%3.4%-1.0%,66.094.391.856.111.819.123.412.819.18.3,14.310.56.54.52.92.02.11.34.30.8,16:,10,Ticker,Company Name,Chinese Name,GICSSector,Mkt Cap(US$m),Wgt Wgt WgtBefore After Change,Est.PassiveFlo
35、w(US$m),Past 20DADVT(US$m),Est. Daysto Trade,Rel Rtn toSctr (Nov2930, 12),Turnover Rel to 20D(Nov 30, ADVT prior12, US$m) to Nov 30, 12,200012 CS1333 HK3389 HK1728 HK1618 HK631 HK1068 HK1101 HK410 HK336 HK,Csg Holding Co BChina Zhongwang HoldingsHengdeli HoldingsChina Zhengtong Auto SerMetallurgical
36、 China HSany Heavy Equipment IntChina Yurun Food GroupChina Rongsheng Heavy InSoho ChinaHuabao Intl Hldg,MaterialsMaterialsCons. Disc.Cons. Disc.IndustrialsIndustrialsCons. Stap.IndustrialsFinancialsMaterials,HKDHKDHKDHKDHKDHKDHKDHKDHKDHKD,4672,0861,5871,3765561,5661,2181,3103,6491,565,0.1%0.1%0.1%0
37、.1%0.1%0.1%0.1%0.1%0.2%0.2%,0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.2%0.2%,-0.07%-0.10%-0.12%-0.08%-0.09%-0.07%-0.14%-0.09%0.00%0.00%,-9.3-12.5-15.9-11.0-11.1-9.4-18.3-11.8-0.1-0.1,1.12.35.14.24.34.412.414.45.93.7,-8.43-5.51-3.10-2.63-2.56-2.16-1.48-0.82-0.01-0.01,-11.4%-7.8%-7.6%-3.5%-8.0%-3.2%-2.1%-9.9%
38、0.2%5.4%,17.739.965.246.441.135.269.050.65.09.7,14.715.412.710.810.28.65.36.71.03.1,17:,MSCI,GICS Sector,Mkt Cap Current Proforma(USD bn) Wgt Wgt,WgtChange,Est. PassiveFlow(US$m),20DADVT(US$m),Est. Daysto Trade,Rel Rtn toMkt (Nov2930, 12),Turnover Rel to 20D(Nov 30, ADVT prior Deletions Additions12,
39、 US$m) to Nov 30, 12,Cons. Stap.FinancialsUtilitiesTelcosHealthcareI.T.EnergyMaterialsIndustrialsCons. Disc.,8948433264980178456563,5.7%37.3%2.7%12.6%1.0%6.9%17.5%4.6%6.4%5.3%,5.8%37.7%2.7%12.6%1.0%6.9%17.5%4.4%6.2%5.1%,0.10%0.39%0.01%0.03%0.00%0.01%0.03%-0.15%-0.23%-0.20%,13.551.21.73.40.21.83.5-19
40、.1-30.1-26.0,138.71,204.557.0296.520.7236.9490.0325.4339.8216.6,0.100.040.030.010.010.010.01-0.06-0.09-0.12,-1.4%0.3%1.1%-0.5%-0.8%-1.4%0.5%1.1%-0.2%-0.6%,2611,68410130031221496384428433,1.91.61.21.21.40.91.21.61.61.9,1000000232,1100000000,MSCI130,2012,11,30,MSCI,2012,11,13,6,2013,2,19,/,(,),36,/,/,
41、/http:/ 6505-1166(86-10) 6505-1156SingaporeChina International CapitalCorporation (Singapore) Pte. Limited#39-04, 6 Battery Road,Singapore 049909Tel: (65) 6572-1999Fax: (65) 6327-12786,200120(86-21) 5879-6226(86-21) 5888-8976United KingdomChina International CapitalCorporation (UK) LimitedLevel 25, 125 Old Broad StreetLondon EC2N 1AR, United KingdomTel: (44-20) 7367-5718Fax: (44-20) 7367-5719398,
