Shenwan Research Institute is one of the strongest seller research institutions in China. According to their own research direction, they divided Shenwan first-class industry and second-class industry. Other domestic securities research institutions feel that Shenwan industry classification is closer to the market than CSRC, and most of them adopt Shenwan industry classification. At the end of 20 13, Shenwan's first-class industry classification standard established 28 first-class industries, 104 second-class industries and 227 third-class industries.
The 28 first-class industries include: light industry manufacturing, mining, media, electrical equipment, electronics, national defense, computer, public utilities, non-bank finance, real estate, transportation, automobiles, architectural decoration, financial services, medicine and biology, etc.
Shenwan first-class industry index refers to the index of all industries in the first-class industry covered by Shenwan.