China Exchanges Services Company Limited (CESC) announced that it has just launched its CES China Private Elite Index (CES P Elite), an index designed to capture the performance of Mainland China’s 30 largest private enterprises listed in Hong Kong or the US.
The CES P Elite is available daily after the close of the Hong Kong and US markets.
The index’s constituents are generally considered to have remarkable vitality because they have a relatively autonomous ownership structure whilst enjoying strong support from the government. In terms of historical return, the CES P Elite outperformed different Hong Kong and Mainland indices over the past five years.
CESC has licensed the CES P Elite to a product issuer to serve as the underlying index for the creation of an index-linked product.