SZSE Releases 12 Indices Including Digital Economy Index and ESG Enhanced Index
On September 29, with a focus on key areas such as advanced manufacturing, digital economy, and green and low carbon development, SZSE’s wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. (SSIC) released 12 indices including SZSE High-end Equipment Manufacturing Index, SZSE Digital Economy Index, SZSE Bioeconomy Index, ChiNext New Energy Index, and Shenzhen Component ESG Enhanced Index. Those indices reflect SZSE’s services for the national technological innovation and development strategy in multiple dimensions and the statuses of the operation of listed companies in key pillar industries. Meanwhile, they further highlight innovative and growth companies as investment targets, thus better serving the needs of sustainability investment.
Among the 12 indices released this time, three are in the digital economy filed, namely, SZSE Digital Economy Index, SZSE ChiNext Digital Economy Index and ChiNext Next Generation Information Technology Index; two are in the advanced manufacturing filed, namely, SZSE High-end Equipment Manufacturing Index and ChiNext Innovator Drugs and Medical Devices Index; three are in the green and low-carbon development filed, namely, SZSE Photovoltaic Index, SZSE Energy Storage Index and ChiNext New Energy Index; one is in the bioeconomy filed, namely, SZSE Bioeconomy Index; and finally three are about ESG policies, namely, Shenzhen Component ESG Enhanced Index, Shenzhen 100 ESG Enhanced Index, and ChiNext ESG Enhanced Index.
In recent years, SZSE has actively given play to the platform function of the capital market. Charged with the mission of “gathering innovation capital and stimulating growth drive”, SZSE has been serving technological innovation and supported enterprises growing bigger and stronger with a focus on key areas such as advanced manufacturing, digital economy, green and low-carbon development, etc. With industrial cluster effect gradually forming, SZSE is working continuously to build an ecosystem featuring high-level eco-system of technology, capital and the real economy.
Among the 1,500 listed companies on the Main Board of SZSE, there are nearly 800 companies from the three key areas, accounting for over 50%. The ChiNext Board has seen a greater advantage in quality innovation and high growth, with an especially clear advantage in cluster development in key areas such as advanced manufacturing, digital economy, and green and low-carbon development. The ChiNext Board has cultivated and supported a fleet of industry leaders including CATL, Mindray Bio-Medical, Sungrow and Empyrean. The performance of indices about key areas released is outstanding, providing a greater variety of quality targets for investment by innovative and growth companies. According to estimation, from the base date 31 December 2012 to 31 August 2022, the annualized return of the SZSE Energy Storage Index, SZSE Bioeconomy Index and SZSE High-end Equipment Manufacturing Index are 26.8%, 13.2%, and 9.4% respectively.
The ESG Enhanced Index series are based on the CNI ESG Ratings Methodology and are compiled using the ESG integration strategy. Together with the ESG indices and the ESG leading indices released in July, they constitute the multi-tiered ESG index system with SZSE’s core indices as their parent indices, which can better serve the ever-growing sustainability investment needs. According to estimation, from the base date 29 June 2018 to 31 August 2022, the annualized returns of Shenzhen Component ESG Enhanced Index, Shenzhen 100 ESG Enhanced Index, and ChiNext ESG Enhanced Index are 8.8%, 10.5% and 21.9% respectively, and their annualized excess returns compared to their parent indices are 3.1%, 2.2% and 10.0% respectively.
SZSE has always been attaching great importance to index application and transformation, especially in the areas of technological innovation and sustainable development. SZSE has launched series products that track characteristic indices. The scales of the CNI Semiconductor Chips Index and CNI Biomedicine Index tracking products have reached CNY 30.5 billion and CNY 14.2 billion respectively, demonstrating important influence in the A-share market. For the 12 indices released this time, SZSE will accelerate the development of fund products in relevant fields and launch index tracking products as quickly as possible.
Next, SZSE will, under the leadership of CSRC, actively follow the requirements of the national 14th Five-year Plan and the Long-Range Objectives through the Year 2035 and apply the new development philosophy in full, in the right way, and in all fields of endeavor. SZSE will continue to enrich innovative investment targets, work faster to build a product system for investment in key areas such as advanced manufacturing, digital economy and green and low-carbon development as well as for sustainability investment. Also, we will fully leverage the characteristic advantages of Shenzhen market to develop benchmarking indices with shenzhen market characteristics so as to better meet medium and long-term fund allocation needs and effectively guide market resources to flow into the key areas with government support. SZSE will strive to build a world-class exchange featuring a quality innovation capital center and promote the capital market to provide even better services for the real economy.
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