Shenzhen Stock Exchange (SZSE) and Shenzhen Securities Information Co., Ltd. (SSIC) recently announced to issue SZSE Z Non-SOE 60 Index (Code: 399697, Abbreviation: Z Non-SOE 60) on January 10, 2017. The index takes December 31 2008 as the base date and 1000 point as the base value.
SZSE Z Non-SOE 60 Index, following CNI Z 50 INDEX and CNI Z A-SHARE COMPOSITE INDEX, is further extension of and supplement to the Zhongguancun (Z-park) series indexes. Jointly developed by Zhongguancun Listed Companies Association and Shenzhen Securities Information Co., Ltd., SZSE Z Non-SOE 60 Index, the compiling plan of which incorporated the representativeness, profitability, and investment value of Zhongguancun private enterprises, establishes a scale plate for the performance of Zhongguancun companies listed in Shenzhen Market, offering for investors a valuable instrument for sharing the development bonus of relevant enterprises.
With Zhongguancun Science Park registered private enterprises, which listed in Shenzhen Market as sample space, and with market proportion of their total market capitalization, free float market capitalization and turnover volume as selection indicators, top 60 stocks of the rank were selected as sample stocks for SZSE Z Non-SOE 60 Index. The index adopts free float market capitalization weight, adjusting the sample stocks regularly on January and July every year.
As statistics showed, from the base date to the end of 2016, SZSE Z Non-SOE 60 Index realized substantial excess earnings comparing to CNINFO A Share Index, with the accumulative revenue of SZSE Z Non-SOE 60 Index being 425%, while that of CNINFO A Share Index of the same period being 191%. The weights of enterprises in strategic emerging industries including new generation information technology, energy conservation and environment protection, bio-pharmaceutical, and high-end equipment manufacturing industries as high as 79%, reflecting the major innovative and scientific features of Zhongguancun enterprises listed in Shenzhen Market.
More specific material on the Index can be found on the website of CNI Index (http://www.cnindex.com.cn）.
