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涉多只热门股!两大指数,正式发布!
证券时报·2025-09-10 11:44

Core Viewpoint - The article discusses the official launch of two significant indices, the CSI A500 Growth Index and the CSI A500 Value Index, aimed at providing diversified investment options in the market [2][4]. Index Launch - The CSI A500 Growth Index and the CSI A500 Value Index were officially launched on September 10, 2025, by the China Securities Index Co., Ltd. [2][4]. - These indices are derived from the CSI A500 Index, which is considered the Chinese equivalent of the S&P 500, reflecting the overall performance of representative listed companies across various industries [4]. CSI A500 Growth Index - The CSI A500 Growth Index includes 100 securities selected based on the highest growth factor scores, weighted by free float market capitalization adjusted for growth factor scores. The base date is December 31, 2014, with a base point of 1000 [4]. - Key growth indicators used for selection include average revenue growth rate, average net profit growth rate, and year-on-year change in quarterly ROE [4]. - As of September 9, 2025, the industrial and information technology sectors each account for over 20% of the index, while communication services, materials, and consumer discretionary sectors exceed 10% [5]. - The top ten weighted stocks in the CSI A500 Growth Index include Ningde Times, Zijin Mining, and BYD, with several being recent high-performing stocks [5]. CSI A500 Value Index - The CSI A500 Value Index consists of 100 securities selected based on the highest value factor scores, also weighted by free float market capitalization adjusted for value factor scores. The base date is the same as the growth index [4]. - The value indicators for selection include dividend yield, price-to-book ratio, price-to-cash flow ratio, and price-to-earnings ratio [4]. - As of September 9, 2025, the financial and industrial sectors each represent over 20% of the index, while consumer discretionary and materials sectors exceed 10% [6]. - The top ten weighted stocks in the CSI A500 Value Index include Gree Electric, China Ping An, and China Merchants Bank [6]. Differences Between Indices - There are notable differences in industry distribution and top weighted stocks between the CSI A500 Growth Index and the CSI A500 Value Index, reflecting their distinct investment styles [7]. Upcoming Indices - Four additional indices, including the CSI A500 Relative Growth Index and the CSI A500 Pure Growth Index, are set to be launched on September 11, 2025 [9][10]. - The CSI A500 Relative Growth Index will focus on securities with prominent growth characteristics, while the CSI A500 Pure Growth Index will include securities with a comprehensive growth probability of 1 [10].