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On April 28, 2017, Shenzhen Stock Exchange (SZSE) and Shenzhen Securities Information Co., Ltd. (SSIC) released SZSE Energy Conservation Index (“the Index”, code: 399695) to reflect the overall performance of SZSE-listed companies engaging in energy conservation and environment protection related industries and provide investors with diversified index-oriented investment targets. The base date of the Index is June 30, 2010 and the base point 1,000.
Since the beginning of the “13th Five-year Plan”, energy conservation industry, as the top one among the seven strategic emerging industries, has been in fast growth. Meanwhile, Shenzhen securities market, committed to promoting independent innovation, serving China’s economy and supporting SMEs, has cultivated many quality S&T environmental protection enterprises. According to the energy conservation and environmental protection industry classification compiled by China Energy Conservation and Environmental Protection Group (CECEP), there are 130 A-share companies falling into the category of environmental projection industry. Among them, the SZSE-listed companies account for 71% and the SME and ChiNext board companies total 62%.
Sample stocks of the Index are selected from the SZSE-listed A-shares based on companies’ percentage of energy conservation and environmental protection business and the CECEP’s research result on green finance. This is aimed to set up the benchmark for the industry and guide social capital to invest in green industries and serve green economy development.
The number of sample stocks is set at 100 and it is subject to the actual adoption when the samples are fewer than 100 stocks. Index is weight calculated by way of equal weight. The sample stocks and weight factors will be regularly adjusted in each January and July.
According to information, the accumulate yield of the Index is 228% from June 30, 2010, the base date, to March 31, 2017 while that of SZSE Composite Index in the same period is 110%. This has fully indicated the favorable booming development trend of environmental protection industry in SZSE market.
SZSE Energy Conservation Index is co-developed by Shenzhen Securities Information Co., Ltd. and three units subordinated to CECEP, namely, CECEP (Hong Kong) Investment Co., Ltd., CECEP Consulting Co., Ltd. and China Industrial Energy Conservation and Clean Production Association. CECEP is the largest S&T service industry group in China’s energy conservation and environmental protection field to which it is dedicated, and it has seven subordinated listed companies engaging in the field.
