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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2159)	12/19/2003 8:12:49 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

S&P to offer A-share indices Last Updated(Beijing Time):2003-12-18 Standard& Poor(S&P), the world leading investment research, indices and ratings provider, and China's CITIC Securities signed an agreement Monday to jointly develop a new series of indices covering China's A-share market. The cooperation would accelerate the creation and development of index product in China and help internationalize China's domestic equity market, said Wang Dongming, chairman of the CITIC Securities, at the signing ceremony. Under the agreement, two new indices will be developed, namely S&P/CITIC A-shares 300, a broad benchmark index, and S&P/CITIC A-Shares 50, a tradable index of the largest and most liquid stocks from S&P/CITIC A-shares 300. "We now feel the time is ripe for S&P to enter China," said Robert Shakotko, managing director of S&P Index services, adding that China had become a market of tremendous opportunities for both domestic and international investors. With China's growing maturity as an investment market and international investors' increasing demand for insight and information, an accurate, transparent and globally comparable benchmark that allowed investors to gauge performance with confidence was more essential than ever, Shakotko said. He said S&P and CITIC Securities also planned to establish a joint venture soon to boost the cooperation in the fields of index development and market promotion. CITIC Securities is a subsidiary of CITIC Holdings, with its core business in securities underwriting, brokerage, assets management, trading and investment consultation. SourceFXinhuanet en.ce.cn