SZSE Launches 4 Indices on Characteristic Advantageous
On August 3, Shenzhen Securities Information Co., Ltd. (SSIC), a wholly-owned subsidiary of SZSE, made an announcement saying that it will launch four indices on August 8, including SZSE Advanced Manufacturing Index, ChiNext Advanced Manufacturing Index, SZSE Green and Low-Carbon Index and ChiNext Green and Low-Carbon Index.This is a powerful initiative of SZSE to continuously improve the layout of the indices in the three major areas of the Shenzhen-market advantageous industries, which is conducive to the multi-dimensional reflection of the operating characteristics of listed companies in key areas, and to further enrich the investment alternatives featuring excellent innovation and high growthof the Shenzhen market.
In recent years, SZSE has focused on such major areas as advanced manufacturing, digital economy, and green and low-carbon development,and supported enterprises in technological innovation, and building up their strength and quality,having and contributed to the high-quality development of the economy.Among the companies listed on SZSE,the enterprises in the three key areas account for more than 60%, and their total market capitalization accounts for more than 50%, with outstanding advantages in cluster development, which provides good conditions for index compilation and product development in related areas.
Striving to build a benchmark index system for the three key areas of SZSE
The advanced manufacturing and the green and low-carbon indices to be launched by SZSE, together with the Digital Economy Index launched earlier, constitute the benchmark index system for the three key areas of SZSE, reflecting the performance of leading enterprises in each key area of SZSE.
SZSE Advanced Manufacturing Index (code 399260) and ChiNext Advanced Manufacturing Index (code 399261) are based on the 50 sample stocks featuring large market capitalization and good liquidity from the SZSE market and the ChiNext Board respectively. Such selected companies engage in the core areas of advanced manufacturing such as high-end equipment, energy conservation and environmental protection, biotechnology, new materials, new energy vehicles, new energy equipment and new generation of information technology. A number of leading enterprises in the field of advanced manufacturing are included in the sample companies, such as BYD which is a new energy vehicle manufacturer, Midea Group which is typical smart home company, Mindray which is a high-end medical equipment R&D manufacturer, and Inovance which is a leading high-end equipment manufacturer.
SZSE Green and Low-Carbon Index (code 399258) and ChiNext Green and Low-Carbon Index (code 399259) are based onthe50 sample stockshavinglarge market capitalization and good liquidity from the SZSE market and the ChiNext Board respectively. Such selected companies engage in the green and low-carbon core field such as energy conservation and environmental protection, new energy, and new energy vehicles. A number of leading enterprises in the green and low-carbon field are included in the sample companies, such as CATL, a leading manufacturer of batteries for new energy vehicles, Gree, a representative of green and energy-saving home appliances, and JA Solar, a leading manufacturer of photovoltaic modules.
Making continued efforts to enrich characteristic investment alternatives in key areas
In recent years, SZSE has deeply explored the potential of index development in key areas. Taking into account the development of the market and products, SZSE has not only developed benchmark indices in major areas, but also continued to launch a number of thematic indices for segments. So far, SSIC has launched more than 80 indices in the advanced manufacturing field such as biomedicine, robot, and chips, with the scale of products tracked exceeding CNY 80 billion; and more than 40 indices in the digital economy field such as computing infrastructure, Internet of Things, and online consumption, with the scale of products tracked exceeding CNY 46 billion. SSIC has also launched more than 40 indices in the green and low-carbon field, such as new energy vehicles, green electricity, and low-carbon technology, with the scale of products tracked exceeding CNY 13 billion. In particular,indices CNI Chips and CNI Biomedicine have tracked products amounting to CNY 45 billion and 16 billion respectively,receiving broad market recognition.
The meeting of the Political Bureau of the CPC Central Committee has proposed that "We shallactivate the capital market and boost the investor confidence". SZSE will, under the unified leadership of CSRC, further implement, deepen and realize the full details of the reform in the investment side, accelerate the layout of index system and the construction of product system in such major areas as advanced manufacturing, digital economy, and green and low-carbon development, so as to better satisfy the demand for medium- and long-term capital allocationinthe strategic areasof national science, technology and innovation development and provide diversified investment tools for various investors to share the benefits brought by the innovation-driven development.
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