Skip to main content

CESC Announces Key Findings Of Belt And Road Research Reports And Introduces CES Belt And Road Index

http://m.mondovisione.com/media-and-resources/news/cesc-announces-key-findings-of-belt-and-road-research-reports-and-introduces-ce/

CESC Announces Key Findings Of Belt And Road Research Reports And Introduces CES Belt And Road Index

China Exchanges Services Company Limited (CESC) today (Monday) hosted a media conference and investment forum where it announced the key findings of its Report on Participation in Belt and Road Initiative by Listed Companies Tradable under Stock Connect (the Report) and the CES Belt and Road Index (CES OBOR), an index designed to reflect the stock price performance of listed companies actively participating in the Belt and Road Initiative.

The Belt and Road Initiative sees the "Five Principles of Peaceful Coexistence" as the main pillar to strengthen multilateral cooperation and exchange among countries along the Belt and Road routes. Based on the principles that can be measured quantitatively, Facilities Connectivity, Unimpeded Trade and Financial Integration, CESC developed the following six indicators to gauge companies’ participation in the Belt and Road Initiative: contracts, investment, sales, purchases, financing and insurance. With the support from three Stock Connect exchanges, CESC collected information of companies on the list of eligible securities for trading under Stock Connect (Stock Connect companies), aiming to understand their participation in the Belt and Road Initiative from 2014 to 2016. It received feedback from 1,286 companies.

The Report shows that the number of Stock Connect companies participating in the Belt and Road Initiative increased in all six indicators. Nearly two-thirds of the companies (65 per cent) said they will increase their business in the Belt and Road areas in coming three years. In addition, the data in the Report indicates that the Belt and Road Initiative participation of industries such as consumer staples, information technology and healthcare is in an upward. While they are active participants, the energy and infrastructure sectors are not as dominant as some analysts had expected. Overall, the Report reveals that the Belt and Road Initiative continues to develop and is attracting enterprises from many different sectors.

Based on the data compiled for the Report and its findings from the data, CESC selected a basket of companies to become the constituents of the CES OBOR with a view towards providing an objective, reliable and tradeable index to serve as the benchmark of the investment on Belt and Road Initiative.

 The CES OBOR is currently the only index with constituent selection based on actual Belt and Road Initiative data from listed companies’ participation. It is comprised of the most representative companies from each indicator, which helps make the index representative by ensuring that all industries that benefit from the Belt and road Initiative and innovative companies can be included.

The CES OBOR’s constituents are all stocks eligible for Southbound or Northbound trading under Stock Connect, and they are equally weighted. The index is based on stock prices in Renminbi and is available daily after the close of the market. An overview of the CES OBOR and the constituent list are available in Appendix 1 and 2. Further details can be found from the index methodology.

 “The index methodology of the CESC OBOR is closely linked with the development strategy of Mainland China. CESC will review the constituent list annually to ensure the index continues to be a good indicator. We believe the CES OBOR can assist investors to capturing the investment opportunities brought by the Belt and Road Initiative in a comprehensive and timely way,” said CESC Chief Executive Mao Zhirong.

 After the media conference, CESC hosted a Belt and Road Investment Forum, an event that connected experts with good knowledge of the Belt and Road Initiative and leaders within the investment community so they could share views on the influence of the Belt and Road Initiatives on China’s economic development and capital markets. Hong Kong Trade Development Council Director of Research Nicholas Kwan delivered a speech on the influence of the Belt and Road Initiative on China’s economic development. The forum also included a lively roundtable discussion of the economic impact of the Belt and Road Initiative. The panellists of the roundtable discussion included China Merchants Asset Management (Hong Kong) Co, Ltd General Manager Bai Haifeng, E Fund Management (HK) Co, Ltd Chief Executive Huang Gaohui, Value Partners Limited Quantitative Investment Solutions Co-Managing Director David Quah and China Silk Road iValley Research Institute Chairman and Chief Economist Professor Liang Haiming. CESC Director and Deputy Chief Executive Jason Du was the moderator of the discussion

Comments

Popular posts from this blog

Balochistan to establish first medical university

https://www.dawn.com/news/1366135

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

http://m.hindustantimes.com/world-news/5-shia-hazara-community-members-gunned-down-in-pakistan/story-CHWR4lYByRHzf2KjHjMloI.html



Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …

China’s 'Digital Silk Road': Pitfalls Among High Hopes

https://thediplomat.com/2017/11/chinas-digital-silk-road-pitfalls-among-high-hopes/


Will information and communication technologies help China realize its Digital Silk Road?By Wenyuan WuNovember 03, 2017In his speech at the opening ceremony of China’s 19th Party Congress, President Xi Jinping depicted China as a model of scientific and harmonious development for developing nations. Xi’s China wants to engage the world through commerce but also through environmental protection and technological advancement. This includes Beijing’s efforts to fight climate change with information and communication technologies (ICTs) that it plans to export along its “One Belt One Road” initiative (OBOR). Xi may have ambitious plans, but could China be throwing up obstacles in its own way?In his speech, the Chinese president emphasized the need to modernize the country’s environmental protections. The Chinese state is taking an “ecological civilization” approach to development and diplomacy, with a natio…