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The Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI) have recently announced that SSE Free Float Index (SSE Free Float), CSI Equal Weight 90 Index (CSI EW 90) and CSI 300 SSE Stocks Index (300 SSE) would be officially introduced on December 2, 2010.
The constituents of SSE Free Float consist of all A shares listed on the SSE excluding those whose issuers haven't completed equity division reform and which are imposed with listing suspension. SSE Free Float, calculated by way of weighted method based on free float adjusted market capitalization, reflects the price fluctuation of free float shares listed on the SSE and is a new investment research and analysis instrument for investors.
The constituents of CSI EW 90, calculated by way of weighted method with equal weight, are comprised of 50 constituents of SSE 50 Index and 40 constituents of SZSE Component Index. By November 8, 2010, the market capitalization and free float market capitalization of CSI EW 90 had reached RMB12.97 trillion and RMB3.72 trillion, respectively, accounting for 45.48% and 35.33% of that of all A shares listed on the SSE, respectively.
The constituents of 300 SSE, a reflection of overall performance of all SSE-listed shares in CSI 300 Index, are made up of all SSE-listed shares in the constituents of CSI 300 Index. By November 8, 2010, the market capitalization and free float market capitalization of 300 SSE had been RMB15.47 trillion and RMB4.48 trillion, respectively, accounting for 84.36% and 74.76% of that of CSI 300 Index, respectively.
It is learnt that there has been fund companies which are developing index-type investment products based on CSI EW 90 and 300 SSE.
