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Shenzhen Securities Information Co., Ltd Joins the Index Industry Association and SZSE's Index Business Makes New Progress

Date: 2019-07-11

Recently, Shenzhen Securities Information Co., Ltd (SSIC), a wholly-owned subsidiary of SZSE, officially joins the Index Industry Association (IIA). This shows that the professionalism, standardization and internationalization of SZSE's index business are highly recognized by authoritative international industry organizations. SZSE will integrate into the international index industry at a higher level and in more expanded dimensions, promote the formulation of industry standards, participate in discussions about the direction of industry development, popularize the concept of long-term rational investment, and drive the sound development of the domestic index industry.

 

Index is an important strategic resource of the capital market. A sound index product system may help manage market risks, guide the optimal allocation of resources, serve the real economy, and enhance the international competitiveness and influence of the capital market. SZSE takes index seriously. It focuses on building a multi-level index system with "SZSE Component Index + SZSE 100 Index and ChiNext Index" (1+2) as the core, gives full play to the representative and leading role of SZSE core index in China's new economy, promotes the building of an international index brand, forms a group of overseas fund products of index, and guides overseas institutions to allocate quality assets in SZSE.

 

SSIC is the earliest professional institution in China to carry out index business. It has been committed to building the SZSE index system, reflecting the characteristics of strategic emerging industries and new economic industries, highlighting the growth characteristics of SZSE, and serving the development of the capital market. At the same time, SSIC has established the CNINDEX system to meet the diversified needs of the market and offers a "China Program" for global asset allocation.

 

At the end of June 2019, SZSE and SSIC have calculated and issued more than 900 indexes, covering the domestic stock market, inter-bank bond market, fund market, and overseas stock markets such as Hong Kong and Europe. They have authorized 107 index products in the domestic and foreign markets, with assets amounting to more than RMB100 billion. In recent years, in the context of the high-level two-way opening-up of China's capital market, SZSE has actively explored the international development and promotion of index and index products, launched the "Shenzhen-Hong Kong Stock Connect" and "Guangdong-Hong Kong-Macao Greater Bay Area" index series, provided asset allocation targets for cross-border investment, and carried out cross-regional, diversified cooperation in index with overseas exchanges and investment institutions. Taking SSIC's joining the IIA as an opportunity, SZSE will learn from mature international experience to enrich indexes and the index product system, promote the international development of index business in an orderly manner, continuously enhance the brand value and international influence of SZSE indexes, and better meet the needs of domestic and foreign investors for asset allocation and risk management.

 

Founded in 2012 and headquartered in New York, the USA, IIA is the world's first independent, non-profit and international index industry organization. IIA aims to promote the healthy development of the global index industry and protect the interests of global index users and index institutions by working closely with market participants and regulators. At present, IIA members include international index companies, such as MSCI, FTSE Russell, S&P Dow Jones, exchanges which operate index business, such as Nasdaq and Tokyo Stock Exchange, and financial institutions which provide index services, such as Bloomberg and Morningstar. SSIC is the fifteenth member of IIA and the third Chinese member after Hang Seng Indexes and CCDC.

SZSE takes index seriously. It focuses on building a multi-level index system with "SZSE Component Index + SZSE 100 Index and ChiNext Index" (1+2) as the core, gives full play to the representative and leading role of SZSE core index in China's new economy, promotes the building of an international index brand, forms a group of overseas fund products of index, and guides overseas institutions to allocate quality assets in SZSE.