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Shenzhen Securities Information Co., Ltd. and Soochow Securities Co., Ltd jointly announced to issue SuZhou Leading Index (Code: 399410, Abbreviation: SuZhou Leading) on December 12, 2013. The index takes December 30, 2011 as the base day and 1000 point as the base point.
A noted historic and cultural city as it is, Suzhou is an economic center as well, with its city GDP ranking the 5th in China. Its profound cultural and affluent economic foundation has nurtured a batch of excellent public companies. As of the end of November, 2013, there are up to 65 Suzhou-based companies listed on A-stock market, with the total market capitalization reaching CNY283.7 billion. What is more, Suzhou has plenty reservation of companies ready to go public.
By referencing such indicators as market capitalization representativeness, stock liquidity, and financial fundamentals, 30 Suzhou-based A-stock public companies are selected to compile SuZhou Leading Index, which not only offer the market a reference that reflect the overall operation of Suzhou-based public companies, but also provide the investors with indexation investment target that share Shzhou’s economic development fruit. According to the statistics, from the base day to the end of November 2013, the accumulative return of SuZhou Leading Index reaches 40.69%. Comparing with that of Shanghai and Shenzhen markets benchmark index CNINFO 1000, which is 13.72% over the same period, the accumulative return of SuZhou Leading Index exceeds by 26.97%.
The ‘Sothern Suzhou Mode’ 20 years ago has transformed to the current foreign-investment-dominated ‘Suzhou Economy’, and Suzhou will take on a ‘new journey of transformation and upgrading’ in the future, transforming from export-oriented economy to innovation economy. The transformation and upgrading of Suzhou economy will inject new vigor into SuZhou Leading Index.
More specific material on SuZhou Leading Index can be found on the website of CNI Index （www.cnindex.com.cn）.
