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CCTV 50 index to list on Shenzhen bourse

06-06-2012 14:16 BJT

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This Wednesday, CCTV will launch its own stock index on the Shenzen Stock Exchange, called "The CCTV 50 Index." The benchmark was created by the business channel of China Central Television and is going to be China’s first index launched by the state media.

The CCTV 50 index is the first index released by China’s state media to list on a stock exchange in China, a milestone for the country’s capital markets.

The index looks at five elements including innovation, growth, return, governance and social responsibility. A total of 50 listed companies which perform well in those aspects are selected as samples.

The launch of the CCTV 50 index has sparked a series of warm discussion from investors. It has also attracted keen attention from experts. They say it will serve as a guide for investment and certainly have a long-term impact on the stock markets.

Liu Shuwei, head of Institute of Chinese Companies, Central University of Finance and Economics, said, The index is a guide for investors, telling them which companies they should invest in. Besides, the index signals a significant development in China’s capital markets.

Xing Jingping, chief analyst with Shenzhen Stocks Information Company said, Developing a good index is an important approach to protecting the interests of investors. It will offer them a way to gain long-term returns.

Yang Yu, general manager of Harvest Fund Management Company said, "There is no doubt that the CCTV 50 index is a blue chips index."

Figures show last year the 50 sample stocks generated about 700 billion yuan of net profits and 230 billion yuan of dividends. Each was more than a third of the overall produced by A-share firms. The annual rate of return for these firms exceeded 16 percent. That was way above the average performance of other indices such as the Shanghai Composite and the Shenzhen Component.



Editor:Zhang Rui |Source: CNTV.CN

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