CSI 300 Index
The CSI 300 is a capitalization-weighted stock market index designed to replicate the performance of 300 stocks traded in the Shanghai and Shenzhen stock exchanges.
The index is compiled by the China Securities Index Company, Ltd..[1]
It has been calculated since April 8, 2005. Its value is normalized relative to a base of 1000 on December 31, 2004.[2]
Criteria
For the index admission must meet certain requirements. These include
- a listing of at least three months at the Shanghai or Shenzhen stock exchanges (requirement is waived if daily trading volume is among the top 30 of all A-shares since its listing)
- no signs of great volatility in the price history or suspicion of price manipulation
- Belonging to the TOP 300 A-shares by market capitalization
- Belonging to the most liquid 50 per cent of all A-shares
The ten largest companies in the CSI 300 Index
- Ping An Insurance Group Co of China Ltd 3.92%
- Citic Securities Co Ltd 3.64%
- China Merchants Bank Co Ltd 2.98%
- China Petroleum & Chemical Group 2.89%
- Bank of Communications Co Ltd 2.60%
- Baoshan Iron & Steel Co Ltd 2.49%
- China Yangtze Power Co Ltd 2.39%
- China Minsheng Banking Corp Ltd 2.24%
- Shanghai Pudong Development Bank 2.23%
- China Vanke Co Ltd 1.93%
The sector weightings of the CSI 300 Index
- Finance 36.28%
- Industry 15.93%
- Basic Materials 13.55%
- Energy 9.75%
- Utilities 7.53%
- Consumer Goods 7.01%
- Capital 4.90%
- Information Technology 2.11%
- Telecommunications 1.50%
- Health 1.42%
Moreover, there are the following ten sub-indices, which reflect specific sectors:
- CSI 300 Energy Index
- CSI 300 Materials Index
- CSI 300 Industrials Index
- CSI 300 Consumer Discretionary Index
- CSI 300 Consumer Staples Index
- CSI 300 Health Care Index
- CSI 300 Financial Index
- CSI 300 Information Technology Index
- CSI 300 Telecommunications Index
- CSI 300 Utilities Index
An investment in the CSI 300 is on the WISE CSI 300 China Tracker ETF for retail investors.
See also
References
External links
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