Three SZSE indices launched to track listed firms going green

BEIJING, June 28 (Xinhua) -- China's Shenzhen Stock Exchange (SZSE) on Friday launched three new indices, which track the performance of listed firms in green manufacturing, green chemicals and green construction materials industries.

The new indices came amid the bourse's efforts to boost the green and low-carbon transformation of companies listed on SZSE and further enrich its index series, according to a statement released by Shenzhen Securities Information Co., a wholly-owned subsidiary of the SZSE.

The green manufacturing index and green chemicals index each selects 50 companies listed on the SZSE as index samples, while the green construction materials index selects 30 firms listed on the bourse as index samples, the statement noted.

These companies have been chosen based on their liquidity, market capitalization as well as Environment, Society and Corporate Governance (ESG) ratings.

By the end of May, the total market capitalization of companies covered by the green manufacturing index totaled 3.4 trillion yuan (about 477.07 billion U.S. dollars), while that for the green chemicals index and green construction materials index reached 1.8 trillion yuan and 340 billion yuan, respectively.