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Adjustment for SZSE Component Index, ChiNext Index and SZSE 100 Index

Time:2018-12-11

Shenzhen Stock Exchange (SZSE) and Shenzhen Securities Information Co., Ltd. recently announced a regular adjustment made, in line with the index compiling rules, to the sample stocks of SZSE series indexes including SZSE Component Index, SZSE 100 Index, SZSE SME Index, ChiNext Index and SZSE Small/Mid Cap Innovation Index. The adjustment will come into effect as of the first trading day of January in 2019.

 

SZSE Component Index will have 47 samples adjusted, with CATL and Raycus Laser etc. to be swapped in while ST Guanfu Holdings and ST Neoglory etc. to be swapped out. SZSE 100 Index will have 10 samples changed, with CATL and Zhifei Biological Products etc. replacing Financial Street Holding and Salt Lake Potash etc. The SME Index will have 10 samples shuffled, with Rongsheng Petrochemical and Fuling Zhacai Group etc. substituting Alpha Group and Palm Eco-Town Development etc. The ChiNext Index will have 5 samples updated, with Mindray Bio-Medical Electronics and Sangfor Technologies etc. taking the place of ChineseAll Digital Publishing Group and Tat Fook Technology etc. The SZSE Small/Mid Cap Innovation Index will adjust 90 samples, taking in Shinry Technologies and Hanjia Design etc. and removing ST Zhongnan and ST Sichuan Shengda Forestry Industry etc.

 

SZSE Component Index will attain sufficient market representativeness after the adjustment, with market coverage of about 64% in terms of both total and free float market capitalization of A shares in the SZSE market. The ratio of sample stocks listed on the Main Board, the SME Board and the ChiNext Board will be 42:39:19, close to the layout of SZSE multi-tiered market; while that for SZSE 100 Index will be 50:35:15, making it a collection of remarkable companies listed on the three boards.

 

According to statistics, after the sample adjustment, the sector distribution and the industrial structure of core SZSE indexes will further highlight the representation role and service capacity of the SZSE market to the emerging industries and the new economy. Greater importance is attached to strategic emerging industries. In SZSE Component Index, SZSE 100 Index and SME Index, the weight of samples from strategic emerging industries will amount to 59%, 60% and 66% respectively; while that in ChiNext Index jumps to 85%. In terms of sector distribution, information technology remains the largest industry in SZSE Component Index with a proportion of 22%, followed by healthcare industry whose weight is 17%. The top three sectors of SZSE 100 Index are optional consumption, information technology and financial real estate, with their respective weights being 21%, 20% and 17%. Moreover, information technology also dominates the SME Index and the ChiNext Index accounting for 32% and 36% respectively.

 

For the detailed list of relevant samples adjusted, please visit the official website of SZSE or www.cnindex.com.cn.