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Indices for listed SOEs set for release on March 30

By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-03-16 11:40

The Shanghai Stock Exchange said it will introduce three new indices to better track the performances of the State-owned enterprises (SOEs) directly controlled by the central government.

The indices, to be launched on March 30, are compiled by China Securities Index Co, which is jointly owned by the Shanghai and Shenzhen bourses.

One of the three indices is designed to reflect the performance of all listed SOEs on the two bourses and the other one tracks the price movements only of selected SOEs. The third one will be based on the price movements of those SOEs listed on Shanghai Stock Exchange.

There are 260 SOEs directly controlled by the central government listed on the two bourses, with an aggregate market value of more than 7.8 trillion yuan ($1.14 trillion), accounting for 56 percent the market total. Of these, 160 are listed only on the Shanghai Stock Exchange, with a combined capitalization accounting for 59 percent of the total.