On June 2, SZSE and its wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. (SSIC) released an announcement, saying that according to the index compilation rules, the sample stocks of indexes such as SZSE Component Index, ChiNext Index and SZSE 100 Index should be adjusted periodically. The recent adjustment will be officially made on 15 June 2020.
For SZSE Component Index, 31 sample stocks will be replaced. Maxscend (300782), Easyhome (000785), etc. will be added to replace THNC (002366), Liaison Interactive (002280), etc. For ChiNext Index, six sample stocks will be replaced. Maxscend (300782), Ingenic (300223), etc. will be added to replace CSG Smart (300222), Ysstech (300377), etc. For SZSE 100 Index, six sample stocks will be replaced. CITIC Steel (000708), NAURA (002371), etc. will be added to replace Dongxu Optoelectronic (000413), Gold Mantis (002081), etc. For SZSE SME Index, six sample stocks will be replaced. Guide Infrared (002414), Huatian Tech (002185), etc. will be added to replace Zhongtai Chemical (002092), Hytera (002583), etc.
After the adjustment, the characteristics of the industry distribution and industrial structure of the core indexes of SZSE will become more distinct, which will further demonstrate the capability and feature of SZSE in serving the new economy and emerging industries. The weights of strategic emerging industries in SZSE Component Index and SZSE 100 Index will be 62% and 61% respectively, and the corresponding weight in ChiNext Index will be 82%. In terms of industry distribution, the dominant positions of such industries as information technology, pharmaceutical & health and consumption will be strengthened. After the adjustment, information technology, pharmaceutical & health and discretionary consumption will top the sample stocks for SZSE Component Index, weighting 25%, 14% and 14% respectively. For ChiNext Index, the top three industries will be pharmaceutical & health, information technology and industry, weighting 31%, 28% and 16% respectively. For SZSE 100 Index, the top three industries will be information technology, consumer discretionary and consumer staples, weighting 20%, 19% and 17% respectively.
After the adjustment, the market cap coverage rate of the core indexes of SZSE will be further improved. The SZSE Component Index will cover 69%, the ChiNext Index will cover 54%, and the SZSE 100 Index will cover 40%. In SZSE Component Index, the weights of sample stocks from the Main Board, the SME Board and the ChiNext Board will be 37%, 39% and 24% respectively, matching the weights of market cap of the multi-tiered market sections of SZSE. In SZSE 100 Index, the corresponding weights will be 47%, 33% and 20% respectively, further focusing on quality growth blue chips on the SZSE market.
For the detailed list of adjusted sample stocks for relevant indexes, please refer to the official website of SZSE or of CNI Index (www.cnindex.com.cn).
