can-sp-usurp-ftse-in-china

Can S&P usurp FTSE in China?

The new S&P/Citic all-share index will take on FTSE/XinhuaÆs dominant range of products.

By Alastair Reed

July 04, 2006

SPCitic Index Information Services, a global index provider, has launched the SPCitic Composite A-Shares Index in an attempt to challenge the current dominance of the FTSEXinhua index series in China.

Standard Poor's claims the new index will be the most comprehensive equity market benchmark for local and international investors in China. The index provider says it will be the first to include all A-share stocks listed on the Shanghai and Shenzhen Stock Exchanges and to provide full sector breakdowns for those markets.

Recently appointed CEO Leon Liang says We are providing the broadest possible benchmark for Chinese stocks. And we are helping to further integrate ChinaÆs equity markets into the...

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