CNI Industry Classification Standard (CICS)
Applying the experience of international well-recognized industry classification combined with the local knowledge of mainland China’s security market and characteristics of domestic listed companies, we developed the independent industry classification benchmark of A shares and B shares——CNI Industry Classification Standard (CICS). CICS is focusing on the domestic industry structure of those listed companies and investment requirements such as sector-based investment strategy.
Investment focused
CICS is market oriented, product-focused, and service-focused, offering increased clarity, better structure, performance evaluation to meet the complex needs of investors.
Domestic market representative
China market is under a different industrialized stage as compared to those developed economy entities. CICS is developed to reflect the domestic industrial landscape and provide an appropriate monitoring of the market, keeping the classification stable and long-lasting.
Internationally Compatible
Staying closely with global trend of industry development, applying the experience of international well-recognized industry classification in order to realize international connection as well as satisfy the needs for industry comparison and asset allocation.
Accurate and timely
China is under the fast-growing development of economy and industry structure. CICS is a transparent rules-based methodology which enables accurate classification and timely adjustment in order to reflect the ad hoc economy and industry structure.
The global standard classification: Level I and Level II
Specify industry according to China’s industrialized stage
Specify industry according to China’s stock market
Considering the industry recognition habit of China’s stock market
The basis of classification is the operating income of listed companies. The numbers are extracted from the financial statements conducted by accounting firms.
We have real-time maintenance as well as regular maintenance for CICS in order to reflect the changes of company industry.
CNI Industry Classification Standard (CICS)