New universal China A-share index unveiled
S&P and CITICS partnership to develop A-share indices meeting global standards.
Standard & Poor's (S&P) and CITIC Securities (CITICS) are jointly developing two new China A-share market indices to be launched in early 2004.
Targeting both domestic and foreign investors, the new series hopes to provide the first widely used benchmark incorporating companies from both the Shanghai and Shenzhen bourses. If widely adopted, such a universal index could revolutionize performance measurement among China's fledgling funds management industry.
CITIC Securities a…
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