Responding to the market’s strong demand for a comprehensive cross-border index related to the Stock Connect programme, China Exchanges Services Company Limited (CESC) today (Monday) announced a revamp of its CES Shanghai-Hong Kong Stock Connect 300 Index (CES SHSC300) to include Shenzhen stocks, with the new name CES Stock Connect 300 Index (CES 300) from 23 May 2016.
The revamped index’s 300 constituents will be composed of the top 100 stocks by market capitalisation (market cap) in each of the two Shanghai-Hong Kong Connect markets, plus the top 100 stocks by market cap in the Shenzhen market. An overview of the index after the revamp is shown in the Appendix.
In addition to the CESC SHSC300 changes, the name of the related index series (the Index Series), which now consists of the CES SHSC300 and the CES Stock Connect Hong Kong Select 100 Index, will be changed from CES Shanghai-Hong Kong Stock Connect Index Series to CES Stock Connect Index Series from 23 May.
Separately, the regular reviews of the Index Series will be changed from every March and September to every June and December, and any index reconstitution will be implemented after the market close on the second Friday of the month of the review.
For more information on the CES 300 (the post-revamp CES SHSC300), please refer to the index methodology andconstituent list with proforma weightings on the CESC website (www.cesc.com).
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CES Shanghai-Hong Kong Stock Connect 300 Index To Be Revamped And Renamed
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