02 Aug Shanghai Stock Exchange Formulates a New Three-year Action Plan for Index Business

Key Points

• The Shanghai Stock Exchange (SSE) has announced a new three-year action plan for its index business, with a focus on innovation and internationalization.
• The plan includes measures to improve the quality and diversity of SSE indexes, as well as to enhance their global competitiveness.
• The SSE is also looking to develop new index products and services, such as thematic and smart beta indexes.

Details of the Plan

The SSE's new three-year action plan for its index business was announced on 02 August 2023. The plan outlines a number of key initiatives that the SSE will undertake over the next three years, with a focus on innovation and internationalization.

One of the key goals of the plan is to improve the quality and diversity of SSE indexes. The SSE will do this by developing new indexes that track different market segments and sectors, as well as by enhancing the methodologies used to calculate existing indexes.

The SSE is also looking to enhance the global competitiveness of its indexes. The exchange will do this by promoting SSE indexes to international investors and by working with other exchanges to develop joint index products.

In addition, the SSE is looking to develop new index products and services. These include thematic indexes, which track the performance of specific industries or sectors, and smart beta indexes, which use alternative weighting schemes to enhance returns.

Conclusion

The SSE's new three-year action plan for its index business is a significant development that will help to further develop the Chinese capital markets. The plan's focus on innovation and internationalization will make SSE indexes more attractive to both domestic and international investors.