CNBC and SGX unveil the iEdge-CNBC China Development Economic climate Index
3 min readAsia’s most intercontinental market Singapore Exchange (SGX) and CNBC, the world’s range a single business enterprise and financial information network, have jointly unveiled the iEdge-CNBC China Growth Economic system Index, the very first in a collection of co-branded indices capturing critical investment themes in a write-up-COVID world.
The iEdge-CNBC China Progress Economic climate Index tracks the functionality of 50 China-domiciled companies that are driving developments in new segments – these types of as Technologies, Organization Providers, Purchaser Products and services, Healthcare, Telecommunications and Shopper Cyclicals – and fostering the transition of the Chinese economic climate in the direction of consumption-pushed advancement.
The launch of the index arrives on the back again of sharp progress in indexing in the past 10 years, driven by the rise of trade-traded money and use of details and analytics by investors. This is coupled with trader interest in new investment themes shaped by the ongoing pandemic, which has accelerated structural adjustments that could impact the financial state and markets in the coming yrs.
Ng Kin Yee, Controlling Director, Head of Data, Connectivity and Indices at SGX claimed, “We are psyched to convey our partnership with CNBC to a new level with the co-generation of indices. We see a get-get partnership with CNBC, a person that taps into SGX’s solid index capabilities and CNBC’s clout in financial and business enterprise information. The iEdge-CNBC China Progress Economic climate index is specially appropriate provided the long-expression shifts in the direction of consumption in China and would potentially give traders access to sustained growth in a single of the world’s major economies.”
President and Controlling Director of CNBC Intercontinental, John Casey explained, “SGX has been our dwelling in Singapore for in excess of a decade and we couldn’t consider of a much better associate to do the job with to launch our initial co-branded index. Our viewers is viewing carefully how the Chinese New Financial system is evolving and shaping global trends The iEdge-CNBC China Development Economic system Index is a further way in which we are likely to be telling the China enterprise story to our international viewers.”
For much more information on the index, please stop by: https://www.sgx.com/indices/items/iecncgp
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About Singapore Exchange
Singapore Exchange is Asia’s main and reliable marketplace infrastructure, running fairness, set cash flow and derivatives markets to the greatest regulatory requirements. It also operates Asia’s only multi-lover, multi-asset trade-led sustainability system (sgx.com/initially).
As Asia’s most intercontinental, multi-asset trade, SGX gives listing, investing, clearing, settlement, depository and knowledge companies, with about 40% of mentioned firms and over 80% of listed bonds originating exterior of Singapore. SGX is the world’s most liquid global market place for the benchmark fairness indices of China, India, Japan and ASEAN and presents commodities and currency derivatives items. Headquartered in AAA-rated Singapore, SGX is globally recognised for its danger management and clearing capabilities. For a lot more information, be sure to take a look at www.sgx.com.
About CNBC
CNBC, 1st in Business enterprise Around the globe, is the world’s foremost company and economical news channel. Its mission is to assistance the influential and aspirational make astute choices to get forward by delivering dwell market place updates, breaking news, in-depth examination and exceptional interviews across its Television and electronic platforms 7 times a 7 days. Through evenings and weekends the channel also demonstrates the greatest in activity, present affairs and enjoyment.
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Media Make contact with
Nick Bailey
Intercontinental Communications, CNBC
+44 7557824125
Derrick Tee
Advertising & Communications, SGX
+65 8788 5403
