Credit Card Service:400-88-95580  |  Call Center:95580  |  简体中文   |   繁体中文

Users of iOS and Android can directly download mobile banking by scanning the QR code.


China’s Major Stock Price Indices

Date: 2016-04-28

China’s major stock price indices are listed as below.

1. China Securities Index Co., Ltd. (CSI) and its indices. Co-sponsored and established by the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) on August 25, 2005, CSI is a company engaged in offering professional securities indices services and developing index derivatives.

(1) CSI 300: CSI 300 is an index jointly launched by SSE and SZSE on April 8, 2005 to reflect the overall trend of China A-share market. It is designed to show the price fluctuation and performance of China’s securities market and works as performance benchmarks and basis for derivatives innovation and indexing. After the founding of CSI, the management, rights and interests of CSI 300 was transferred from SSE and SZSE to CSI.

China Securities Index 300, referred to as “CSI 300”, consists of 300 constituent stocks. The base day is December 31, 2004, with the base value of 100.

(2) CSI Size Indices: CSI Size Indices consist of CSI 100, CSI 200, CSI 500, CSI 700, CSI 800 and CSI Free Float. These indices along with CSI 300 together constitute the CSI Size Indices system. Among them, CSI 100 is positioned to evaluate large-cap companies; CSI 200, mid-cap companies; CSI 300, large-cap and mid-cap companies; CSI 500, small-cap companies; CSI 700, mid-cap and small-cap companies; CSI 800, large, mid, and small-cap companies. The calculation method, correction method and adjustment method of CSI Size Indices are the same as those of CSI 300.

2. SSE Indices

SSE Indices, prepared and published by SSE, consist of SSE 180 Index, SSE 50 Index, SSE Composite Index, SEE A Share Index, SEE B Share Index, SSE Sector Indices, SSE Bond Indices, SSE Constituent Stock Index: Referred to as SSE 180 Index, SSE Constituent Stock Index is created by the SSE upon the restructuring and renaming of the original SSE 30 Index.

It has a total of 180 constituents and selects constituents in compliance with three indicators, i.e. size (total market value and circulation value), liquidity (turnover and turnover rate) and industry. Namely, the stocks which have a big size, good liquidity and typical characteristics of an industry are selected as constituents to constitute a benchmark index which reflects the general operations of the Shanghai securities market and works as the investment evaluation criteria and the basis for financial derivatives. According to the principles of stability and dynamic tracking of constituents, the SSE Constituent Stock Index adjusts the constituents annually, with the ratio of not more than 10% generally. The constituents might be temporarily adjusted in exceptional circumstances.

SSE 50 Index: SSE launched the SSE 50 Index on January 2, 2004. Based on market capitalization and turnover, SSE 50 rates the stocks in a comprehensive manner. A total of 50 stocks in largest scale and best liquidity on the Shanghai securities market are selected from the SSE 180 Index as constituents and reflect the complete picture of the leading enterprises with the most influence in the Shanghai securities market.

SSE 380 Index: SSE and CSI launched the SSE 380 Index on January 29, 2010. SSE 380 selects constituents mainly based on company size, profitability, growth potential, liquidity and representation of an emerging industry. It focuses on reflecting the performance of mid-cap and small-cap companies listed on SSE.

(2) Composite indices

SSE Composite Index: SSE started the preparation of and launched the SSE Composite Index on July 15, 1991, with the base day of December 19, 1990. Constituents for the SSE Composite Index are all listed stocks at SSE. With circulation as the weight, the weighted averages are calculated.

SEE New Composite Index: Abbreviated as New SSE Index, the SEE New Composite Index was launched on January 4, 2006 with the index code 000017. Constituents for New SSE Index are the companies listed on SSE which have finished the equity division reform. The stocks after the equity division reform are incorporated into the Index on the second trading day. As a total market index, New SSE Index includes not only the A-share market values. The B-share market values of the companies which have B shares are also counted.

The SSE Composite Indices also include SEE A Share Index, SEE B Share Index, SSE Industrial Index, SSE Commercial Index, SSE Real Estate Index, SSE Utilities Index, SSE Conglomerates Index, SSE Medium Enterprise Composite Index and SSE Free Float Index.

Based on the business lines, investment orientation and output, SSE calculates the SSE Industrial Index, SSE Commercial Index, SSE Real Estate Index, SSE Utilities Index, and SSE  Conglomerates Index, which all take April 30, 1993 as the base period. The base period index is set 1,358.78. They were officially announced to the public on June 1, 1993. The constituents are all the SSE Industrial, SSE Commercial, SSE Real Estate, SSE Utilities, and SSE Conglomerates stocks listed on SSE and are calculated with the number of all shares issued as the weight.

The indices prepared and published by SSE also include SSE Sector Indices, SSE Strategy Indices, SSE Style Indices, SSE Thematic Indices, and others.

3. SZSE indices

(1) Component indices

SZSE Component Index: SZSE Component Index is prepared by SZSE. Based on the examination of all companies listed on SZSE, 40 representative companies are selected as constituents by certain standards. The weight is the number of tradable shares. It is prepared in the weighted average method.

SZSE 100 Index: Shenzhen Securities Information Co., Ltd. launched the SZSE 100 Index in early 2003. Constituents for SZSE 100 are mainly selected based on the examination of market capitalization and turnover of the companies listed on the A-share. A total of 100 A-share stocks listed on SZSE are selected as constituents. With the number of tradable A shares of the constituents as the weight, the Paasche weighted composite price index is used to calculate. According to the principles of dynamic tracking of market and constituent stability, SZSE 100 adjusts constituents every six months.

(2) SZSE Composite Indices

SZSE Composite Indices include SZSE Composite Index, SZSE A Share Index, SZSE B Share Index, SZSE Industrials, SZSE SME Composite, ChiNext Composite, SZSE New Index, SZSE Mutual Fund, and other whole sample indices.

SZSE Composite Index: Its constituents are all the stocks listed on the Main Board, SME Board and ChiNext at SZSE. SZSE Composite Indices are all Paasche weighted composite price indices. Namely, day-by-day chain-weighted calculation will be conducted with the number of shares on the date of calculation of constituents as the weight.

SZSE A Share Index: Its constituents are all the A shares listed on the Main Board, SME Board and ChiNext at SZSE. Day-by-day chain-weighted calculation will be conducted with the total number of shares of constituents as the weight.

SZSE B Share Index: Its constituents are all the B shares listed on SZSE. Day-by-day chain-weighted calculation will be conducted with the total number of shares of constituents as the weight.

SZSE Industrials: Its constituents are all the stocks listed on the Main Board, SME Board and ChiNext at SZSE, which are classified by industry. A total of 13 category indices are prepared based on the categories in the Guidelines for the Industry Classification of Listed Companies; a total of 9 category indices, including 22 industry indices, are prepared based on the categories under the manufacturing industry. Day-by-day chain-weighted calculation will be conducted with the total number of shares of constituents as the weight.

SZSE SME Composite: Its constituents are all the stocks listed on the SME Board at SZSE. Day-by-day chain-weighted calculation will be conducted with the total number of negotiable shares as the weight. With June 7, 2005 as the base day, SZSE SME Composite was launched on December 1, 2005. The index on the base day was 1,000.

ChiNext Composite: Its constituents are all the stocks listed on the ChiNext at SZSE. Day-by-day chain-weighted calculation will be conducted with the total number of negotiable shares as the weight. With May 31, 2010 as the base day, SZSE ChiNext Composite was launched on August 20, 2010. The index on the base day was 1,000.

SZSE New Index: Its constituents are the A shares normally traded on the Main Board, SME Board and ChiNext at SZSE, which have finished the shareholding reform. Day-by-day chain-weighted calculation will be conducted with the total number of negotiable shares as the weight.

(Source: Official Website of Securities Association of China)