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China Exchanges Services Company Limited (CESC) today announced it plans to soon launch the CES Greater Bay Area Index, an index designed to capture the performance of companies that benefit from the Greater Bay Area’s development and are listed in Hong Kong or Mainland China.
The CES Greater Bay Area Index will include Stock Connect-eligible companies that are registered, headquartered, or have their main operations in the Greater Bay Area. In addition, the constituent company must belong in an industry that is a focus for development under the Greater Bay Area Development Plan.
“The development of the Greater Bay Area has great significance in the country's implementation of innovation-driven development and the Belt and Road initiative,” said CESC Chief Executive Mao Zhirong.
“The Greater Bay Area is a theme that is of increasing interest to investors in Hong Kong and the Mainland. The launch of the CES Greater Bay Area Index will help the market capture the development opportunities of the Greater Bay Area and facilitate the development of index-linked products. The index will play an important role in the development of the Greater Bay Area by further integrating the real economy and financial instruments,” he added.
More information about CESC’s new index will be announced later.
