Xinhua FTSE A50 index futures company was listed on Singapore Stock Exchange (SGX) on September 5th. Singapore Exchange (SGX) was established in 1999 12 1, which was formed by the merger of Singapore International Financial Exchange (SIMEX) and Singapore Stock Exchange (SES), focusing on the development of stock index derivatives in other countries. The international product structure makes SGX attract a large number of overseas traders. According to statistics, more than 80% of its derivatives transactions come from investors outside Singapore, such as the United States, Europe and Japan.
FTSE uses transparent calculation methods and index management to ensure that all indexes are investable and directly traceable. The guiding principle of FTSE index is: all constituent stocks are adjusted by free circulation; Conduct liquidity screening on all constituent stocks; Provide the most relevant and convenient industry classification system for trading and investment decisions; All indexes have clear and open compilation rules, which can be managed under all foreseeable circumstances.
The A50 Index is an index composed of the top 50 qualified companies selected from the A-share market according to the compilation rules of FTSE A-share index. Its performance, liquidity, volatility, industry distribution, market representativeness and other indicators are at the leading level in the market. The index is based on the 50 A-share companies with the largest market value adjusted according to the circulation ratio in Shanghai and Shenzhen stock markets, with July 2 1 as the base period and 5000 points as the base point, and the sample stocks are adjusted regularly in June 1, April, July and June 10 every year. By 2065438+September 29th, 2007, A50 index accounted for 33.97% of the circulating market value of qualified A-share market, including large-cap stocks such as China Unicom, China Merchants Bank, China Petrochemical, baoshan iron & steel, Shenzhen Development Bank, Yangtze Power and Shanghai Automobile.
At the beginning, the main investors of Xinhua FTSE A50 futures index were isolated from the spot market, and in the short term, this product will not have a great impact on China's domestic market and the upcoming stock index futures, so stock index futures will not have a great impact on China's domestic market. However, the recent development of A50 futures may have a significant negative impact on China's domestic capital market through international arbitrage funds.