CSI 300
Encyclopedia
The CSI 300 is a capitalization-weighted stock market index
designed to replicate the performance of 300 stocks traded in the Shanghai
and Shenzhen
stock exchange
s.
The index is compiled by the China Securities Index Company, Ltd..
It has been calculated since April 8, 2005. Its value is normalized relative to a base of 1000 on December 31, 2004.
Moreover, there are the following ten sub-indices, which reflect specific sectors:
An investment in the CSI 300 is on the WISE CSI 300 China Tracker ETF for retail investors.
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
designed to replicate the performance of 300 stocks traded in the Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
and Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
s.
The index is compiled by the China Securities Index Company, Ltd..
It has been calculated since April 8, 2005. Its value is normalized relative to a base of 1000 on December 31, 2004.
Criteria
For the index admission must meet certain requirements. These include- a listing of at least three months at the Shanghai or Shenzhen stock exchanges (requirement is waived if daily trading volume is among the top 30 of all A-sharesA share (mainland China)A shares are specialized shares of the [Renmembi]]currency that are purchased and traded on the Shanghai and Shenzhen stock exchanges.This is contrast to Renmembi B shares which are owned by foreigners who cannot purchase A-shares due to Chinese government restrictions.-See also:* A share * B...
since its listing) - no signs of great volatility in the price history or suspicion of price manipulation
- Belonging to the TOP 300 A-shares by market capitalization
- Belonging to the most liquid 50 per cent of all A-shares
The ten largest companies in the CSI 300 Index
- Ping An InsurancePing An InsurancePing An , full name Ping An Insurance Company of China, Ltd. is a holding company whose subsidiaries mainly deal with insurance and financial services. The company was founded in 1988 and has its headquarters in Shenzhen.-Business:...
Group Co of China Ltd 3.92% - Citic SecuritiesCITIC SecuritiesCITIC Securities Company Limited is engaged in securities business in China, including securities brokerage, investment banking, asset management, securities investment, stock and bond trading, stock market research and consulting services. It was established in 1999 and it is headquartered in...
Co Ltd 3.64% - China Merchants BankChina Merchants BankChina Merchants Bank is a bank headquartered in Shenzhen, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities.CMB has over five hundred branches in mainland China and one in Hong Kong...
Co Ltd 2.98% - China Petroleum & Chemical Group 2.89%
- Bank of CommunicationsBank of CommunicationsBank of Communications Limited , founded in 1908, is one of the largest banks in China.-Before 1949:The Bank of Communications was founded in 1908 and emerged as one of the first few major national and note-issuing banks in the early days of the Republic of China...
Co Ltd 2.60% - Baoshan Iron & Steel Co Ltd 2.49%
- China Yangtze PowerChina Yangtze PowerChina Yangtze Power is a Chinese utilities company, headquartered in Beijing. The company is listed on the SSE 50 Index on the Shanghai Stock Exchange. A controlling share is held by the parent company China Three Gorges Corporation , a Central Enterprise under SASAC.The enterprise produces and...
Co Ltd 2.39% - China Minsheng Banking Corp Ltd 2.24%
- Shanghai Pudong Development BankShanghai Pudong Development BankShanghai Pudong Development Bank Co. Ltd , incorporated on January 9, 1993 with the approval of the People's Bank of China , is a joint-stock commercial bank with its headquarters located in Shanghai....
2.23% - China VankeChina VankeVanke is the largest residential real estate developer in the People’s Republic of China. It is engaged in developing, managing and selling of the properties across 20 cities in Pearl River Delta, Yangtze River Delta and Bohai-Rim Region, with the provision of investment trading, consultancy...
Co Ltd 1.93%
The sector weightings of the CSI 300 Index
- FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
36.38% - IndustryIndustryIndustry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
15.93% - Basic Materials 13.55%
- EnergyEnergyIn physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
9.75% - Utilities 7.53%
- Consumer Goods 7.01%
- CapitalCapital (economics)In economics, capital, capital goods, or real capital refers to already-produced durable goods used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process...
4.90% - Information TechnologyInformation technologyInformation technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
2.11% - Telecommunications 1.50%
- HealthHealthHealth is the level of functional or metabolic efficiency of a living being. In humans, it is the general condition of a person's mind, body and spirit, usually meaning to be free from illness, injury or pain...
1.42%
Moreover, there are the following ten sub-indices, which reflect specific sectors:
- CSI 300 Energy Index
- CSI 300 Materials Index
- CSI 300 Industrials Index
- CSI 300 Consumer Discretionary Index
- CSI 300 Consumer Staples Index
- CSI 300 Health Care Index
- CSI 300 Financial Index
- CSI 300 Information Technology Index
- CSI 300 Telecommunications Index
- CSI 300 Utilities Index
An investment in the CSI 300 is on the WISE CSI 300 China Tracker ETF for retail investors.