BEIJING, June 27 (Xinhua) -- Shenzhen Securities Information Co., Ltd., a wholly-owned subsidiary of Shenzhen Stock Exchange (SZSE), announced to release three indexes on June 28 to further enrich the green index regime of SZSE, reported Securities Times on Wednesday.
The three indexes dedicated to channeling more capital into green and low carbon transformation-related sectors include an index on green manufacturing, an index on green chemical industry and an index on green building materials sector.
Currently, 397 companies within the green manufacturing enterprise lists unveiled by the Ministry of Industry and Information Technology (MIIT) have gone public on SZSE and the three indexes are designed to track related SZSE-listed A-shares as their sample stocks.
For the Shenzhen green manufacturing index, A-shares of 50 SZSE-listed companies in advanced manufacturing-related sectors such as high-end equipment, energy saving and environment protection, biological science and technology, new materials, new energy vehicles, new energy equipment, and new generation of IT were picked as its sample stocks given their sound liquidity, excellent ESG performance and large market capitalization (market cap).
As for the Shenzhen green chemical index, Shenzhen Securities Information referenced the MIIT green manufacturing enterprise lists and selected A-shares of 50 SZSE-listed companies engaged in green industrial chemicals, green chemical products, green chemical agents, green chemical fiber, and green agricultural chemicals as the sample stocks on basis of their fluid liquidity, gratifying ESG performance and large market cap.
For the Shenzhen green building materials index, A-shares of 30 SZSE-listed companies from green cement manufacturing, green refractory materials, green waterproofing materials, green tubular products, and green glass fiber sectors were chosen as sample stocks thanks to their superiority in liquidity, ESG performance and market cap.
By Tuesday, Shenzhen Securities Information released nearly 70 indexes in green, low carbon and ESG-related sectors and their underlying assets approached nine billion yuan, involving a wide range of sub-sectors including energy saving and environment protection, new energy, new energy vehicles, low carbon transformation, and carbon neutrality.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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