CESC launches CES Greater Bay Area Industries Select Index
HONG KONG - China Exchanges Services Company Limited (CESC) today launched its CES Greater Bay Area Industries Select Index, which aims to track the performance of Hong Kong- or Mainland China-listed companies benefiting from Greater Bay Area's development.
The CES Greater Bay Area Index includes Stock Connect-eligible companies that are headquartered, or have their main operations in the Greater Bay Area.
CESC says that in the recently-announced guidance of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, 307 listed companies meet both the sub-sector and Greater Bay Area territory criteria, and that the top 100 companies in terms of market capitalisation among them are selected as index constituents.
"As the first Greater Bay Area thematic index based on the Plan, the CES Greater Bay Area Industries Select Index focusses on competitive sectors and leading companies that benefit from the development of the Greater Bay Area," CESC Chief Executive, Mao Zhirong, said.
"The new index will help investors capture investment opportunities and diversify their portfolios." www.cesc.com (ATI).