PetroChina Company Limited (PetroChina), listed yesterday on the Shanghai Stock Exchange (SSE), will be included in the SSE Composite Index and the SSE Sector Indices on November 19 according to the rule that new shares on the SSE are included in the indices on their 11th trading day.
PetroChina's total market capitalization of A shares has reached RMB2.704 trillion, ranking No. 1 among the A shares on the Shanghai market or the Shanghai and Shenzhen markets.
According to the temporary adjustment rule on sample stocks of constituents of the SSE Index Series and the China Securities Index (CSI) Series, if the newly issued A shares meet the condition of sample space and its total market capitalization is among the top 10 on the Shanghai market or the Shanghai and Shenzhen markets, speedy entry into indices will be adopted and the newly issued A shares will be included in such constituent indices as the SSE 180 Index, SSE 50 Index, Shanghai Shenzhen 300 Index (SHSE-SZSE300 Index) on their 11th trading day.
Therefore, the SSE and the CSI announced that PetroChina will be included on November 19 in the SSE 180 Index, SSE 50 Index, SHSE-SZSE300 Index, China Securities 100 Index (CSI100), China Securities 800 Index (CSI800), China Securities Southern Well-Off Industry Index (Well-Off Industry Index) and the CSI 300 Energy Index. Meanwhile, Kailuan Clean Coal Corporation Limited and Jiangxi Ganyue Expressway Co., Ltd. will be deleted from the SSE 180 and SSE 50 Indices, respectively. Guizhou Space Appliance Share Co., Ltd. (Guizhou Space) will be deleted from both the SHSE-SZSE300 Index and the CSI800. Besides, Sinotrans Air Transportation Development Co., Ltd. (Sinotrans Air) and Shanghai International Port (Group) Co., Ltd. will be deleted from the CSI100 and the Well-Off Industry Index, respectively.
Meanwhile, the China Securities 200 Index and the China Securities 700 Index in the CSI Scale Indices System will also be adjusted accordingly. Sinotrans Air will be included in these two indices while Guizhou Space is to be deleted. As for the CSI 300 Sector Index, PetroChina will be included in the CSI 300 Energy Index, while Sinotrans Air will be deleted from the CSI 300 Industrials Index.
Upon calculation of the closing data on November 5 after the adjustment, PetroChina's weight in the major indices is as follows:
Index name |
Time for being included in indices |
Weight proportion (%) on Nov.5 |
Proportion of the energy industry before adjustment (%) |
Proportion of the energy industry after adjustment (%) |
SSE Composite Index |
Nov.19 |
25.15 |
17.14 |
37.98 |
SSE 180 Index |
Nov.19 |
3.81 |
13.60 |
16.69 |
SSE 50 Index |
Nov.19 |
5.18 |
14.70 |
19.80 |
SHSE-SZSE300 Index |
Nov.19 |
2.71 |
10.73 |
13.15 |
CSI100 |
Nov.19 |
3.83 |
12.63 |
16.26 |
After the adjustment, the market capitalization of the SSE 180 Index will cover 84.84% of the total from 78.85%, and 69.38% of the floating capitalization from 68.84%; the market capitalization of the SSE 50 Index will cover 75.92% of the total from 67.93%, and 50.45% of the floating capitalization from 49.50%; the market capitalization of the SHSE-SZSE300 Index will cover 82.66% of the total from 77.97%, and 68.80% of the floating capitalization from 68.31%; the market capitalization of the CSI100 will cover 71.97% of the total from 64.43%, and 48.15% of the floating capitalization from 47.39%; the market capitalization of the CSI800 will cover 90.2% of the total from 87.54%, and 84.79% of the floating capitalization from 84.56%.