China unveils new blue-chip index in bid to boost investment in Beijing listings

CSI A50 index

China has launched a new equity benchmark, the CSI A50 index, in a bid to garner interest in the struggling sector, following a tough year for Chinese equities.

The index is comprised of 50 sector leaders listed in the Chinese capital, separating itself from the closely watched CSI300 and Shanghai Composite indices, which act as China's main benchmarks. This new index features a less heavy financial skew, instead aiming for a greater balance, with a higher allocation towards healthcare and new energy companies. Marlborough's Nathan Sweeney: Four potential black swans for 2024 Since its launch on Tuesday (2 January), fund managers have rushed to launch trackers of the index, with at least ten mutual fund companies, including JP Morgan Asset...