Singapore Exchange (SGX) and business news network CNBC will collaborate on a series of co-branded indices aimed at measuring “key investment themes in a post-Covid world”.
The series kicked off with the unveiling of the iEdge-CNBC China Growth Economy Index on April 22, which tracks the performance of 50 China-domiciled companies that are “driving developments in new segments” and “fostering the transition of the Chinese economy towards consumption-driven growth”.
The companies are listed on in either the Hong Kong Stock Exchange or US exchanges and come from sectors including technology, business services, consumer services, healthcare, telecommunications and consumer cyclicals.
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Ng Kin Yee, managing director, head of data, connectivity and indices at SGX, says the index is especially relevant given the long-term shifts towards consumption in China.
John Casey, president and managing director of CNBC International, says the network’s audience is watching closely how the Chinese New Economy is evolving and shaping global trends.
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“The iEdge-CNBC China Growth Economy Index is another way in which we are going to be telling the China business story to our global audience,” he adds.
Shares in SGX closed flat at $10.41 on April 21.
