Standard Poor's SP 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 as well as other domestic securities firms promotes its own universal A-share index, but it is not considered a standard benchmark. By teaming up with a global provider such as SP, CITIC hopes to rise above the pack. For SP, the...
