A new batch of state-owned enterprise-themed index ETFs has been approved.

2024-07-24 14:37

Zhitongcaijing
A new batch of central state-owned enterprise theme index ETFs have been successively approved recently.
According to the news from Zhongzheng Jin Niu constellation, a new batch of state-owned enterprise themed index ETFs have been approved recently. It is reported that this batch of state-owned enterprise themed index ETFs include the Rongtong Zhongzheng Chengtong State-owned Enterprise Technology Innovation ETF, Rongtong Zhongzheng Chengtong State-owned Enterprise Dividend ETF, and Rongtong Zhongzheng Chengtong State-owned Enterprise ESG ETF. The three funds all track indexes compiled by the Zhongzheng Index Company in cooperation with China Chengtong, a state-owned capital operation company.
Specifically, the Rongtong Zhongzheng Chengtong State-owned Enterprise Technology Innovation ETF tracks the Zhongzheng Chengtong State-owned Enterprise Technology Innovation Index. This index was released in October 2023 and mainly selects 50 listed company securities from state-owned enterprises under the State-owned Assets Supervision and Administration Commission of the State Council, with businesses involved in industries such as semiconductors, electronics, electrical equipment, non-metal materials, and machinery manufacturing. As of July 23, the top three components are China Mobile (600941.SH), Hikvision (002415.SZ), and China Telecom (601728.SH).
The Rongtong Zhongzheng Chengtong State-owned Enterprise Dividend ETF tracks the Zhongzheng Chengtong State-owned Enterprise Dividend Index, which is the only dividend index in the market that uses expected dividend yield as a selection indicator. This index was released in May 2023 and mainly selects 50 listed company securities from state-owned enterprises under the State-owned Assets Supervision and Administration Commission of the State Council with higher expected dividend yields to reflect the overall performance of state-owned enterprise listed company securities with high expected dividend yields. As of July 23, the top three components are CCCC Highway (001965.SZ), China Shenhua Energy (601088.SH), and PetroChina (601857.SH).
The Rongtong Zhongzheng Chengtong State-owned Enterprise ESG ETF tracks the Zhongzheng Chengtong State-owned Enterprise ESG Index, which was released in May 2023 and mainly selects the top 50 listed company securities with the highest comprehensive scores calculated based on the three dimensions of ESG evaluation from state-owned enterprises under the State-owned Assets Supervision and Administration Commission of the State Council to reflect the overall performance of state-owned enterprise listed company securities with better ESG evaluations. As of July 23, the top three components are China Power Investment Corporation (600406.SH), CCCC Highway, and China Railway Construction Corporation (601390.SH).