Three new stock indices are being rolled out in China, one that enumerates the prices of companies involved in China’s mobile internet business and a pair that focus on listed stocks offering high dividend yields.
Shenzhen Stock Exchange has announced that it will launch the SZSE Dividend Weighted 50 Index and the CNI Dividend Weighted 100 Index.
Sample stocks for the SZSE Dividend Weighted 50 Index will consist of SZSE-listed companies that have paid cash dividends in five consecutive years, and the top 50 in are selected for the index calculations.
Likewise, the CNI Dividend Weighted 100 Index also looks at the highest dividend payers over a five year period, and encompasses the top 100 companies listed in either Shenzhen or Shanghai.
China Securities Index Ltd (CSI) has also announced that the CSI Mobile Internet Index will be launched on 5 May 2014.The constituents of the index will be 100 selected stocks involved in the mobile internet industry, listed on either the Shenzhen Stock Exchange or Shanghai Stock Exchange.