In order to improve the constituent selection method, today CSI decides to amend the index methodology of CSI Technology Growth Index, CSI Household Appliances Top Index and CSI AH Price Select Index Series. The details are as following:
CSI Technology Growth Index: (1) The index name and shortened name will be changed to “CSI Technology Pioneer Index” and “Technology Pioneer”. (2) The “new energy equipment” industry will be added to the technology industries. (3) The constituents’ selection method will be changed to “Rank the remaining securities by the average daily total market cap over the past year and the average R&D expenditure of the past three years in descending order respectively. Then, rank the average of the two rankings in ascending order and select the top 50 securities as constituents”. (4) The weighting method will be changed to “weighted by the free float market capitalization adjusted by composite factor”. The rest part of index methodology will remain unchanged.
CSI Household Appliances Top Index: Weighting method changes to “each constituent is capped at 15% and the total weight of the top 5 securities with highest weight is capped at 60%”. The rest part of index methodology will remain unchanged.
CSI AH Price Select Index Series: (1) Constituents selection method changes to “For constituent company which does not list on HKEx or have listed on HKEx but have not into HK Stock Connect, its SSE and SZSE listed security will be selected as constituents, and for constituent company which listed on HKEx and in the HK Stock Connect, select the security class which has a lower price as constituents”. (2) Weighting method changes to “each constituent is capped at 15%, the total weight of the top 5 securities with highest weight is capped at 60%”. The rest part of index methodology will remain unchanged.
The amended index methodology will be implemented on August 11, 2021. Regarding the amended methodology, please refer to the official website of CSI (www.american-election.com).
China Securities Index Co., Ltd.
July 28, 2021