The SSE will map out a classified management mechanism for blue chips while building a multi-layer blue-chip market, according to the "Shanghai Multi-layer Blue-chip Market Construction Forum" held in Chongqing on June 23. In his introduction to the SSE indices at the forum, Vice President Xie Wei of the Shanghai Stock Exchange (SSE) stressed the SSE 380 index launched in November 2010. He said that the SSE 380 index, an indicator of medium-sized listed companies' market performances, has its roots in emerging blue chips and builds up the back-up of blue chips. Its constituents cover such emerging industries as consumption, energy saving and environmental protection, new energy, and new material. According to listed companies' business performances last year, the SSE 380 index constituent companies realized a year-on-year increase of 32% in their profit, above the overall market performance. Director Chao Kejian of SSE Offering and Listing Dept. said that the bourse's blue-chip market construction is a systematic project. In line with its blue-chip market development strategy, the SSE will, in the days to come, commit itself to diversifying the products of the multi-layer blue-chip market, offering more investment products and guiding more capital to blue-chip companies. Moreover, it will promote differentiated development, categorize companies in terms of corporate governance and standardization, and adopt a classified supervision mechanism for different blue chips, for example, a different information disclosure mode, a green channel for re-financing, a pilot registration and recording system, and a different trading mechanism for grade-A companies. |