Shenzhen Securities Information Co., Ltd. (hereinafter referred to as “SSIC”) and the Financial Channel of China Central Television (hereinafter referred to as “CCTV”) recently announced that the CCTV Financial 50 Index (Code: 399550, Abbreviation: CCTV 50) was published on June 6 2012, taking June 30 2010 as the base date and 2563.07 points as the base value.
The CCTV Financial 50 Index is reported as an innovation with the sampling scope falls within companies with sound economic fundamentals. The Index includes 50 A-share listed companies based on the five dimensions of “innovation, growth, return, governance and social responsibility”, which are selected by CCTV Financial Channel together with experts formed by China Association for Public Companies, Chinese Institute of Certified Public Accountants, Dagong Global Credit Rating Co., Ltd. and scholars from five famous universities. The most updated sample stocks are composed by 26 companies listed on the Shanghai Stock Exchange and 24 on the Shenzhen Stock Exchange, or 37 companies listed on the main board, 10 on the SME board and 3 on the ChiNext board.
The CCTV Financial 50 Index is calculated subject to five equally-weighted dimensions with set upper limit for each particular stock within the dimensions, which is creatively designed by SSIC to cater for the features of the Index. To be more specific, the five dimensions have equal initial weights of 20% in the calculation, while every single sample stock shall not weight over 30% within the dimensions. SSIC will review the composition of the CCTV Financial 50 Index every year in August and adjust the weightings of index components every year in January.
The CCTV Financial 50 Index has shown sound track record ever since its base date till May 31 2012, according to statistics, the Index has an accumulated growth of 35.45% as compared to the 2.69% growth of the CSI 300 Index at the same period.