China Exchanges Services Company Limited (CESC) today announced 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, will be launched on Monday, 23 January 2017.
The CES P Elite will be available daily after the close of the respective markets. The closing price index and a total return index of the CES P Elite will be available in both US and Hong Kong dollars.
The segment comprised of the Mainland private enterprises is growing stronger and more influential in China’s economy. Private enterprises are now becoming an important driving force in the stock market and the CES P Elite is an index tailored to capture the economic growth in the Mainland,” said CESC Chief Executive Mao Zhirong.
With the strong growth potential of the segment, we have licensed a product issuer to offer products linked to the index,” Mr Mao added. “CESC strives to provide index solutions for cross-border China investment, and we always pay attention to the latest market movements and client’s needs. Looking into the future, we will continue to work closely with our partners to develop more innovative indices and products.