QUOTE AND NEWS
Bloomberg  Dec 8  Comment 
Shanghai Composite Index Tops 3,000 for First Time Since 2011 China’s Shanghai Composite Index surpassed 3,000 for the first time in three years and a gauge of the...
FX Street  Mar 10  Comment 
China's CSI 300 Index (SHSZ300) plunged to the lowest level in five years and the yuan weakened as... For more information, read our latest forex news and reports.
DailyFinance  Jan 13  Comment 
Deutsche Asset & Wealth Management announced that, effective today, the Fund’s investment adviser has implemented an expense limitation agreement that will reduce the estimated net expense ratio of the db X-trackers Harvest...
The Economic Times  Oct 21  Comment 
China's CSI 300 index advanced 1.5 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2 percent to a five-month high.




 
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The CSI 300 is a market capitalization weighted index which maps the perfomance of the 300 of the most highly liquid A shares on the Shanghai and the Shenzhen Stock Exchanges[1]. The index was created by the China Securities index Company Ltd on 4th August 2005. It can be tracked back to Dec 2004 to a base price of 1000[2].

Weighting and Calculations

The CSI indices are all calculated using a Paasche weighted composite price index formula, similar to the SSE Composite Index (SHGIDX-SH). This means that the index is based on on its base period for its calculations as compared to certain other exchanges, like the DAX, which base their calculations on the previous period (the laspyres price index calculation). [3]

CSI 300 and Sector Indices are weighted by shares.[4]

Image: Csi_weighting.jpg

  • The formula is: Current index = Current total market cap of constituents × Base Value / Base Period

Total market capitalization = ∑ (price × adjusted shares issued* free float factor)[5].

  • The free float is total A shares minus the following non-negotiated shares[6]:
  • Long term holdings by founders, families and senior executives.
  • Government holdings or frozen shares by the government.
  • Strategic holdings or restricted employee shares.
  • Cross Holdings.

Composition

Eligibility

To be eligible for the CSI 300 index, the stocks have to satisfy the following criteria[7]:

  • All A shares trading on the market for the past three months unless the daily trading volume of the stock is in the Top 30 A shares.
  • There seems to be no large volatility signs or any signs that the stock has been manipulated.
  • The stock has to be in the top 300 A shares in terms of size and in the top 50% of the A shares in terms of liquidity.

CSI 300 Sector Indices

The CSI 300 is divided into ten sector indices covering as many industry sectors in China. They follow similar calculations and maintenance as the main index and scrutinize more closely what goes on within each sector in China. The list of sector indices are[8]:

List of companies

The List of companies on the CSI 300 as on July 2008[9]:

Code Constituent Name
000001 Shenzhen Development Bank Co Ltd
000002 China Vanke Co Ltd
000009 Shenzhen Baoan Enterprises (Group) Co Ltd
000012 CSG Holding Co Ltd
000021 Shenzhen Great Wall Kaifa Technology Co Ltd
000024 China Merchants Property Development Co Ltd
000027 Shenzhen Energy Group Co Ltd
000031 COFCO Property (Group) Co Ltd
000036 Shenzhen Union Developing Group Co Ltd
000039 China International Marine Containers (Group) Co Ltd
000046 Oceanwide Construction Group Co Ltd
000059 Liaoning Huajin Tongda Chemicals Co Ltd
000060 Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
000061 Shenzhen Agricultural Products Co Ltd
000063 ZTE Corporation
000069 Shenzhen Overseas Chinese Town Holding Co
000088 Shenzhen Yan Tian Port Holdings Co Ltd
000089 Shenzhen Airport Co Ltd
000157 Changsha Zoomlion Heavy Industry Science & Technology Development Co Ltd
000301 Wujiang Silk Co Ltd
000338 Wei Chai Power Co Ltd
000401 Tangshan Jidong Cement Co Ltd
000402 Financial Street Holding Co Ltd
000410 Shenyang Machine Tool Co Ltd
000422 Hubei Yihua Chemical Industry Co Ltd
000423 Shandong Dong-Ee Jiao Co Ltd
000425 Xugong Science & Technology Co Ltd
000488 Shandong Chenming Paper Holdings Ltd
000503 Searainbow Holding Corp
000527 Guangdong Midea Electric Appliances Co Ltd
000528 Guangxi Liugong Machinery Co Ltd
000538 Yunnan Baiyao Industry Co Ltd
000539 Guangdong Electric Power Development Co Ltd
000541 Foshan Electrical and Lighting Co Ltd
000543 An Hui Wenergy Co Ltd
000559 Wanxiang Qianchao Co Ltd
000562 Hong Yuan Securities Co Ltd
000568 Luzhou Lao Jiao Co Ltd
000572 Hainan Jinpan Enterprise Co Ltd
000581 Weifu High-Technology Co Ltd
000612 Jiaozuo Wanfang Aluminium Manufacturing Co Ltd
000625 Chongqing Changan Automobile Co Ltd
000629 Panzhihua New Steel & Vanadium Co Ltd
000630 Anhui Tongdu Copper Stock Co Ltd
000636 Guangdong Fenghua Advanced Technology (Holding) Co Ltd
000651 Gree Electric Appliances Inc of Zhuahai
000652 Tianjin TEDA Co Ltd
000667 Celebrities Real Estate Development Group Co Ltd
000680 Shantui Construction Machinery Co Ltd
000686 Northeast Securities Co Ltd
000709 Tangshan Iron & Steel Co Ltd
000717 SGIS Songshan Co Ltd
000718 Suning Universal Co Ltd
000728 Beijing Huaer Co Ltd
000729 Beijing Yanjing Brewery Co Ltd
000751 Huludao Zinc Industry Co Ltd
000755 Shanxi Sanwei Group Co Ltd
000758 China Nonferrous Metal Industry's Foreign Engineering & Construction Corp
000761 Bengang Steel Plates Co Ltd
000767 Shanxi Zhangze Electric Power Co Ltd
000768 Xi'an Aircraft International Corp
000778 Xinxing Ductile Iron Pipes Co Ltd
000783 Shijiazhuang Petro-Chemical Co Ltd
000792 Qinghai Salt Lake Potash Co Ltd
000793 Huawen Media Investment Corp
000800 FAW Car Co Ltd
000807 Yunnan Aluminium Co Ltd
000822 Shandong Haihua Co Ltd
000825 Shanxi Taigang Stainless Steel Co Ltd
000828 Dongguan Development (Holdings) Co Ltd
000829 Jiangxi Gannan Fruit Co Ltd
000839 CITIC Guoan Information Industry Co Ltd
000858 Wuliangye Yibin Co Ltd
000876 Sichuan New Hope Agribusiness Co Ltd
000878 Yunnan Copper Co Ltd
000895 Henan Shuanghui Investment & Development Co Ltd
000897 Tianjin Jinbin Development Co Ltd
000898 Angang Steel Co Ltd
000900 Xiandai Investment Co Ltd
000912 Sichuan Lutianhua Co Ltd
000917 Hunan TV & Broadcast Intermediary Co Ltd
000927 Tianjin Faw Xiali Automobile Co Ltd
000932 Hunan Valin Steel Tube & Wire Co Ltd
000933 Henan Shen Huo Coal Industry and Electricity Power Co Ltd
000937 Hebei Jinniu Energy & Resources Co Ltd
000951 CNHTC Jinan Truck Co Ltd
000959 Beijing Shougang Co Ltd
000960 Yunnan Tin Co Ltd
000969 Advanced Technology & Materials Co Ltd
000983 Shanxi Xishan Coal And Electricity Power Co Ltd
002024 Suning Appliance Co Ltd
002097 Sunward Intelligent Machinery
002128 Huolinhe Opencut Coal Industry Corporation Limited of Innermongolia
002142 Bank of Ningbo Co Ltd
002146 Risesun Real Estate Development Co Ltd
002155 Chenzhou Mining Group Co Ltd
002202 Xinjiang Goldwind Science & Technology Co Ltd
600000 Shanghai Pudong Development Bank Co Ltd
600001 Handan Iron & Steel Co Ltd
600004 Guangzhou Baiyun International Airport Co Ltd
600005 Wuhan Iron And Steel Co Ltd
600006 Dongfeng Automobile Co Ltd
600007 China World Trade Center Co Ltd
600008 Beijing Capital Co Ltd
600009 Shanghai International Airport Co Ltd
600010 Inner Mongolia Baotou Steel Union Co Ltd
600011 Huaneng Power International Inc
600012 Anhui Expressway Co Ltd
600015 Hua Xia Bank Co Ltd
600016 China Minsheng Banking Corp Ltd
600017 Rizhao Port Co Ltd
600018 Shanghai International Port (Group) Co Ltd
600019 Baoshan Iron &Steel Co Ltd
600020 Henan Zhongyuan Expressway Co Ltd
600021 Shanghai Electric Power Co Ltd
600022 Jinan Iron and Steel Co Ltd
600026 China Shipping Development CO.,LTD
600027 Huadian Power International Corporation Ltd
600028 China Petroleum and Chemical Corp (Sinopec)
600029 China Southern Airlines Co Ltd
600030 CITIC Securities Co Ltd
600031 Sany Heavy Industry Co Ltd
600033 Fujian Expressway Development Co Ltd
600036 China Merchants Bank Co Ltd
600037 Beijing Gehua CATV Network Co Ltd
600048 Poly Real Estate Group Co Ltd
600050 China United Telecommunications Co Ltd
600058 Minmetals Development Co Ltd
600066 Zhengzhou Yutong Bus Co Ltd
600068 China Gezhouba Group Co Ltd
600085 Beijing Tongrentang Co Ltd
600087 Nanjing Water Transport Industry Co Ltd
600089 TBEA Co Ltd
600096 Yunnan Yuntianhua Co Ltd
600098 Guangzhou Development Industry (Holdings) Co Ltd
600100 Tsinghua Tongfang Co Ltd
600102 Laiwu Steel Corp
600104 SAIC Motor Co Ltd
600108 Gansu Yasheng Industrial (Group) Co Ltd
600109 Chengdu Commodities Co Ltd (Group)
600110 China-Kinwa High Technology Co Ltd
600111 Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd
600115 China Eastern Airlines Corp Ltd
600117 Xining Special Steel Co Ltd
600118 China Spacesat Co Ltd
600123 Shanxi Lanhua Science-Tech Venture Co Ltd
600125 China Railway Tielong Container Logistics Co Ltd
600132 Chongqing Brewery Co Ltd
600143 Kingfa Sci&Tech Co Ltd
600150 HuDong Heavy Machinery Co Ltd
600151 Shanghai Aerospace Automobile Electromechanical Co Ltd
600153 Xiamen C&D Inc
600158 China Sports Industry Co Ltd
600169 Taiyuan Heavy Industry Co Ltd
600170 Shanghai Construction Co Ltd
600177 Youngor Group Co Ltd
600183 Guangdong Shengyi Sci Tech Co Ltd
600188 Yanzhou Coal Mining Co Ltd
600196 Shanghai Fosun Pharmaceutical (Group) Co Ltd
600208 Xinhu Zhongbao Co Ltd
600210 Shanghai Zijiang Enterprise Group Co Ltd
600219 Shandong Nanshan Industrial Co Ltd
600220 Jiangsu Sunshine Co Ltd
600221 Hainan Airlines Co Ltd
600236 Guangxi Guiguan Electric Power Co Ltd
600256 Xinjiang Guanghui Industry Co Ltd
600266 Beijing Urban Construction Investment & Development Co Ltd
600269 Jiangxi Ganyue Expressway Co Ltd
600270 Sinotrans Air Transportation Development Co Ltd
600271 Aerospace Information Co Ltd
600282 Nanjing Iron & Steel Co Ltd
600307 Gansu Jiu Steel Group Hongxing Iron & Steel Co Ltd
600308 Shandong Huatai Paper Co Ltd
600309 Yantai Wanhua Polyurethane Co Ltd
600316 Jiangxi Hongdu Aviation Industry Co Ltd
600320 Shanghai Zhenhua Port Machinery Co Ltd
600325 Huafa Industrial Co Ltd Zhuhai
600331 Sichuan Hongda Co Ltd
600348 Shanxi Guoyang New Energy Co Ltd
600350 Shandong Expressway Co Ltd
600357 Chengde Xinxin Vanadium And Titanium Co Ltd
600362 Jiangxi Copper Co Ltd
600376 Beijing Tianhong Baoye Real Estate Co Ltd
600377 Jiangsu Expressway Co Ltd
600380 Joincare Pharmaceutical Group Industry Co Ltd
600383 Gemdale Corporation
600415 Zhejiang China Commodities City Group Co Ltd
600418 Anhui Jianghuai Automobile Co Ltd
600428 COSCO Shipping Co Ltd
600432 Ji Lin Ji En Nickel Industry Co Ltd
600456 Baoji Titanium Industry Co Ltd
600489 Zhongjin Gold Co Ltd
600497 Yunnan Chihong Zinc&Germanium Co Ltd
600500 Sinochem International Corp
600508 Shanghai Datun Energy Resources Co Ltd
600519 Kweichow Moutai Co Ltd
600528 China Railway Erju Co Ltd
600535 Tianjin Tasly Pharmaceutical Co Ltd
600547 Shandong Gold-Mining Co Ltd
600548 Shenzhen Expressway Co Ltd
600549 Xiamen Tungsten Co Ltd
600550 Baoding Tianwei Baobian Electric Co Ltd
600569 Anyang Iron & Steel Inc
600583 Offshore Oil Engineering Co Ltd
600585 Anhui Conch Cement Co Ltd
600591 Shanghai Airlines Co Ltd
600595 Henan Zhongfu Industry Co Ltd
600596 Zhe Jiang Xinan Chemical Industrial Group Co Ltd
600597 Bright Dairy & Food Co Ltd
600598 Heilongjiang Agriculture Co Ltd
600600 Tsingtao Brewery Co Ltd
600601 Shanghai Yanzhong Industrial Co Ltd
600611 Dazhong Transportation (Group) Co Ltd
600616 Shanghai First Provisions Co Ltd
600628 Shanghai New World Co Ltd
600631 Shanghai Bailian Group Co Ltd
600635 Shanghai Dazhong Public Utilities (Group) Co Ltd
600638 Shanghai New Huang Pu Real Estate Co Ltd
600639 Shanghai Jinqiao Export Processing Zone Development Co Ltd
600642 Shenergy Co Ltd
600643 Shanghai AJ Corp
600649 Shanghai Municipal Raw Water Co Ltd
600653 Shanghai Shenhua Holdings Co Ltd
600655 Shanghai Yuyuan Tourist Mart Co Ltd
600660 Fuyao Group Glass Industries Co Ltd
600663 Shanghai Lujiazui Finance and Trade Zone Development Co Ltd
600675 China Enterprise Co Ltd
600685 Guangzhou Shipyard International Co Ltd
600688 Sinopec Shanghai Petrochemical Co Ltd
600690 Qingdao Haier Co Ltd
600694 Dashang Group Co Ltd
600717 Tianjin Port Co Ltd
600718 Shenyang Neusoft Co Ltd
600739 Liaoning Cheng Da Co Ltd
600741 Shanghai Bashi Industrial (Group) Co Ltd
600747 Dalian Daxian Enterprises Holdings Co Ltd
600748 Shanghai Industrial Development Co Ltd
600761 Anhui Heli Co Ltd
600770 Jiangsu Zongyi Co Ltd
600779 Sichuan Quanxing Co Ltd
600780 Top Energy Co Ltd Shanxi
600787 Zhongchu Development Stock Co Ltd
600795 GD Power Development Co Ltd
600797 Insigma Technology Co Ltd
600804 Chengdu Dr. Peng Technology Co Ltd
600808 Maanshan Iron and Steel Co Ltd
600809 Shanxi Xinghuacun Fen Wine Factory Co Ltd
600811 Orient Group Incorporation
600812 North China Pharmaceutical Co Ltd
600820 Shanghai Tunnel Engineering Co Ltd
600832 Shanghai Oriental Pearl (Group) Co Ltd
600835 Shanghai Mechanical & Electrical Industry Co Ltd
600837 Haitong Securities Company Limited
600839 Sichuan Changhong Electric Co Ltd
600851 Shanghai Haixin Group Co Ltd
600859 Beijing Wangfujing Department Store Co Ltd
600863 Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd
600874 Tianjin Capital Environmental Protection Co Ltd
600875 Dongfang Electrical Machinery Co Ltd
600879 Long March Launch Vehicle Technology Co Ltd
600881 Jilin Yatai (Group) Co Ltd
600886 SDIC Huajing Power Holdings Co Ltd
600887 Inner Mongolia Yili Industrial Group Co Ltd
600895 Shanghai Zhangjiang Hi-tech Park Development Co Ltd
600900 China Yangtze Power Co Ltd
600961 Hunan Zhuye Torch Metals Co Ltd
600978 Guangdong Yihua Timber Industry Co Ltd
600997 Kailuan Clean Coal Co Ltd
601001 Datong Coal Industry Co Ltd
601003 Liuzhou Iron & Steel Co Ltd
601005 Chongqing Iron & Steel Co Ltd
601006 Daqin Railway Co Ltd
601009 Bank of Nanjing Co Ltd
601088 China Shenhua Energy Co Ltd
601111 Air China Ltd
601166 Industrial Bank
601168 Western Mining Co Ltd
601169 Bank of Beijing Co Ltd
601318 Ping An Insurance (Group) Company of China Ltd
601328 Bank of Communications Co LTD
601333 Guangshen Railway
601390 China Railway Co Ltd
601398 Industrial and Commercial Bank of China Ltd
601588 Beijing North Star Co Ltd
601600 Aluminum Corporation of China Limited
601601 China Pacific Insurance (Group) Co Ltd
601628 China Life Insurance Company Limited
601666 Pingdingshan Tianan Coal Mining Co Ltd
601699 Shanxi Lu'an Environmental Energy Development Co Ltd
601808 China Oilfield Services Limited
601857 PetroChina Co Ltd
601866 China Shipping Container Lines Co Ltd
601872 Merchants Energy Shipping
601898 China Coal Energy Co Ltd
601918 SDIC Xinji Energy Co Ltd
601919 China Cosco Holdings Co Ltd
601939 China Construction Bank
601988 Bank of China Ltd
601991 Datang Power Generation
601998 China Citic Bank Corporation Limited


Investing in the CSI 300

  • The World Index Shares ETFs has a CSI 300 tracker ETF based on the Hong Kong Stock Exchange that retail investors could avail of in order to invest on the CSI 300 index.

References

  1. Bloomberg data
  2. China Securities Index Co Ltd website
  3. Paasche and Laspeyres price indices
  4. CSI Methodology
  5. [http://www.csindex.com.cn/sseportal/csiportal/en/xzzx/file/CSI300%20Handbook.pdf CSI300 Handbook}
  6. [http://www.csindex.com.cn/sseportal/csiportal/en/xzzx/file/CSI300%20Handbook.pdf CSI300 Handbook}
  7. CSI 300 Handbook
  8. CSI Sector Indices Debut
  9. Constituents for the CSI 300
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