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On December 9, SZSE’s wholly-owned subsidiary Shenzhen Securities Information Co., Ltd. (SSIC) officially launched CNI Social Assistance 100 Index (hereinafter referred to as CNISA100). Its sample stocks include the listed companies that have been engaged in rural industries and assistance through consumption over the past three years. The index aims to reflect the overall market performance of listed companies that actively participate in social assistance and support the rural revitalization strategy. It is a pragmatic measure of SZSE to earnestly study and carry out the guiding principles of the 20th CPC National Congress, implement in depth the major decisions and plans of the CPC Central Committee and the State Council, help improve the quality and efficiency of social assistance, and better serve the rural revitalization strategy.
In recent year, SZSE has always been taking it as a bounden political responsibility to put in place targeted assistance and serve the rural revitalization strategy. According to the overall plan of CSRC and based on the actual needs of the designated counties receiving assistance for rural revitalization, SZSE has given full play to the advantages of the capital market as a platform to actively introduce industry funds and help increase jobs. SZSE has supported the designated counties comprehensively in various areas in securing a victory in the fight against poverty and continuously assisted them in consolidating the achievements in poverty alleviation and advancing rural revitalization.
Meanwhile, with the strong support of a series of financial assistance policies, listed companies have become the main force providing social assistance and an “assistance segment” that demonstrates distinct themes and characteristics and gathers leading enterprises has formed. CNISA100 is the first index in China that focuses on social assistance. It can help give play to the demonstration and leading effect of listed companies to guide more market entities to continue to consolidate the achievements in poverty alleviation and actively participate in rural revitalization in all respects, and foster a new pattern in which the capital market supports the development of rural industries.
In terms of methodology, CNISA100 uses qualitative and quantitative indicators to comprehensively evaluate listed companies’ participation in social assistance and input amount over the past three years. It has selected 100 A-shares with a high degree of participation in social assistance as samples. The samples are of good quality on the whole and include industry leaders like BYD and CATL. According to the CNI ESG Ratings, the samples of CNISA100 stand out in duty performance. Nearly fifty percent of the samples are among the top 10% of the CNI primary industries in terms of CSR performance. According to estimation, from the base date 30 December 2016 to 30 November 2022, the cumulative return of CNISA100 was 86%, with an annualized return of 11%. It shows that listed companies have gained high market recognition while fulfilling social responsibilities and participating in social assistance,
It’s put forward in the Report to the 20th CPC National Congress that we must “advance rural revitalization across the board” and “steadily promote the revitalization of businesses, talent, culture, ecosystems, and organizations in the countryside”. SZSE will follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, study, understand and implement in depth the guiding principles of the 20th CPC National Congress, and apply the new development philosophy in full, in the right way, and in all fields of endeavor. We will, according to the plans and requirements of CSRC, give full play to the role of the capital market as a hub and its optimal resource allocation function. We will strictly put in place the requirement of maintaining the responsibilities, policies, assistance and regulation for poverty alleviation, make solid efforts to ensure a good job in providing assistance to the designated counties, and continue to consolidate and expand the achievements in poverty alleviation. We will keep enriching the financial product system that supports rural revitalization across the board, explore and establish a long-term mechanism that provides high-quality capital market services to rural revitalization, and help make new achievements in financial assistance, thus better serving national strategies and economic and social development.
