China Exchanges Services Company Limited (CESC) has announced that it will launch the CES China 280 Index on 7 July 2014. The CES 280 is the latest introduction to CESC’s cross border indices that cover stocks currently listed in Shanghai, Shenzhen and Hong Kong. It includes the CES 120 index, the CES China A 80 index and the CES China HK mainland index. The CES 280 adds to the existing CES China 120, by expanding the number of stocks covered. This expansion will enlarge the aggregate market value of the stocks in the series from 50% to 70% of the total market capitalisation. It is comprised of the two hundred largest A-share companies from the Shanghai Stock Exchange and the Shenzhen Stock Exchange and the eighty next largest mainland stocks from Hong Kong Exchanges and Clearing. CESC is a joint venture formed in 2012 and is owned by the three exchanges. As well as compiling cross-border indices, it develops industry classifications for listed companies, and financial products to link the mainland and Hong Kong markets with global investors. |
CESC to launch China 280 Index
China Exchanges Services Company Limited has announced that it will launch the CES China 280 Index on 7 July 2014.
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