The SSE Composite Index (Chinese: 上海证券交易所综合股价指, 简称上证综指) is an index of all stocks (A shares and B shares) that are traded at the Shanghai Stock Exchange.
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Weighting and calculation
SSE Indices are all calculated using a Paasche weighted composite price index formula. This means that the index is based on a base period on a specific base day for its calculation. The base day for SSE Composite Index is December 19, 1990, and the base period is the total market capitalization of all stocks of that day. The Base Value is 100. The index was launched on July 15, 1991.
- The formula is:
Current index = Current total market cap of constituents × Base Value / Base Period
Total market capitalization = ∑ (price × shares issued)
- The B share stocks are generally denominated in US dollars for calculation purposes. For calculation of other indices, B share stock prices are converted to RMB at the applicable exchange rate (the middle price of US dollar on the last trading day of each week) at China Foreign Exchange Trading Center and then published by the exchange.
Constituents
The full list of all constituent stocks can be found at SSE or at Yahoo! Finance. The top 50 by market cap are listed below. See also [1].
- Air China
- Aluminum Corporation of China
- Bank of China
- Bank of Communications
- Baoshan Iron & Steel
- Beijing Gehua CATV Network
- Beijing North Star
- China Citic Bank
- China Life Insurance
- China Merchants Bank
- China Merchants Energy Shipping
- China Minsheng Banking
- China Petroleum & Chemical
- China Shipping Development Company
- China United Telecommunications Corporation
- China Yangtze Power
- Citic Securities
- Daqin Railway
- Founder Technology Group
- GD Power Development
- Guangshen Railway Company
- Handan Iron & Steel
- Hua Xia Bank
- Huaneng Power International
- Industrial and Commercial Bank of China
- Industrial Bank
- Inner Mongolia BaoTou Steel Union
- Inner Mongolia Yili Industrial Group
- Jiangxi Copper
- Jiangxi Ganyue Expressway
- Kweichow moutai
- Long March Launch Vehicle Technology
- Offshore Oil Engineering
- Orient Group
- Ping An Insurance
- Poly Real Estate Group
- Shanghai Automotive
- Shanghai International Airport
- Shanghai International Port (Group)
- Shanghai Oriental Pearl
- Shanghai Petrochemical
- Shanghai Pudong Development Bank
- Shanghai Zhenhua Port Machinery
- Shenergy Company
- Sichuan Hongda
- Tianjin Port
- Tsinghua Tongfang
- Wuhan Iron and Steel
- Yantai Wanhua Polyurethanes
- Youngor Group
See also
References
External links
- Realtime chart at Sina.com
- ^SSEC: Summary for SSE COMPOSITE - Yahoo! Finance
- Shanghai Composite Index Profile at Wikinvest
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