Also known as: 中证A500 · CSIA500 Index (Bloomberg) · 000510 (CSI code)
At a glance
- Review frequencySemi-annual
- Constituent count500
- Buffer400 / 600
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 12 fields | |||
| Local short name | 中证A500 | 指数简称：中证A500Open p.1 ↗ |
The Chinese short name is 中证A500. |
| Target industry representation | 选取各行业最具代表性的上市公司证券 | 以反映各行业最具代表性上市公司证券的整体表现。Open p.1 ↗ |
The index is designed to represent the most representative listed-company securities in each industry. |
| Index name | CSI A500 Index | 英文名称：CSI A500 IndexOpen p.1 ↗ |
The official English index name is CSI A500 Index. |
| Index short name | CSI A500 | 英文简称：CSI A500Open p.1 ↗ |
The official English short name is CSI A500. |
| Local index name | 中证A500 指数 | 指数名称：中证A500 指数Open p.1 ↗ |
The official Chinese index name is 中证A500 指数. |
| Index code | 000510 | 指数代码：000510Open p.1 ↗ |
The index code is 000510. |
| Administrator | 中证指数有限公司 | 指数名称：中证A500 指数指数简称：中证A500英文名称：CSI A500 Index英文简称：CSI A500指数代码：000510Open p.1 ↗ |
The index is administered by CSI Index Co., Ltd., as indicated by the CSI index methodology and naming. |
| Index family | 中证A500 | 中证A500 指数从各行业选取市值较大、流动性较好的500 只证券作为指数样本，以反映各行业最具代表性上市公司证券的整体表现。Open p.1 ↗ |
The index belongs to the CSI A500 index family identified by the document. |
| Base date | 2004-12-31 | 该指数以2004 年12 月31 日为基日，以1000 点为基点。Open p.1 ↗ |
The base date is December 31, 2004. |
| Base value | 1,000 | 该指数以2004 年12 月31 日为基日，以1000 点为基点。Open p.1 ↗ |
The base value is 1000 points. |
| Objective | 中证A500 指数从各行业选取市值较大、流动性较好的500 只证券作为指数样本，以反映各行业最具代表性上市公司证券的整体表现。 | 中证A500 指数从各行业选取市值较大、流动性较好的500 只证券作为指数样本，以反映各行业最具代表性上市公司证券的整体表现。Open p.1 ↗ |
The index selects 500 larger-capitalization and liquid securities across industries to reflect the overall performance of the most representative listed-company securities in each industry. |
| Market classification | China A | 同中证全指指数的样本空间Open p.1 ↗ |
The index covers China A-share market securities, based on its CSI universe and listed-company securities methodology. |
| M2 Universe · 2 fields | |||
| Eligible universe rule | 同中证全指指数的样本空间 | 同中证全指指数的样本空间Open p.1 ↗ |
The eligible universe follows the sample universe of the CSI All Share Index. |
| Parent universe index | 中证全指指数 | 同中证全指指数的样本空间Open p.1 ↗ |
The sample universe is the same as that of the CSI All Share Index. |
| M3 Eligibility screens · 2 fields | |||
| Investability screens | 过去一年日均成交金额排名位于样本空间前90% | 过去一年日均成交金额排名位于样本空间前90%。Open p.1 ↗ |
The stated investability screen is a top-90% ranking in average daily turnover over the past year. |
| Liquidity screen | Metric: Liquidity ratio; Window: past one year; Threshold: rank in the top 90% of the sample universe by average daily turnover | 过去一年日均成交金额排名位于样本空间前90%。Open p.1 ↗ |
Securities must rank in the top 90% of the sample universe by average daily turnover over the past year. |
| M4 Selection and constituent count · 9 fields | |||
| ESG exclusion | Exclude csi ESG rating c or below | 对于样本空间内符合可投资性筛选条件的证券，剔除中证ESG 评价结果在C 及以下的上市公司证券；Open p.1 ↗ |
Securities of companies with a CSI ESG rating of C or below are excluded. |
| Candidate total market cap rank | Rank threshold: 1,500; Basis: Sample space total market cap | 样本空间内总市值1排名前1500；Open p.1 ↗ |
Candidates must rank in the top 1,500 by total market capitalization within the sample space. |
| Stock Connect eligibility | Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect | 属于沪股通或深股通证券范围；Open p.1 ↗ |
Candidates must be eligible securities under Shanghai Stock Connect or Shenzhen Stock Connect. |
| Main board industry free float share minimum | 2% | 对主板证券，在所属中证三级行业内自由流通市值占比不低于2%Open p.1 ↗ |
For main-board securities, free-float market capitalization must account for at least 2% of the corresponding CSI level-3 industry. |
| Priority selection rule | Largest free-float market capitalization in a CSI level-3 industry or total market capitalization rank in the top 1% of the sample space. | 在待选样本中，优先选取三级行业自由流通市值最大或总市值在样本空间内排名前1%的证券作为指数样本。Open p.2 ↗ |
Priority is given to securities with the largest free-float market capitalization in a level-3 industry or a top-1% total market capitalization rank in the sample space. |
| Selection method | Rank by metric | 对于样本空间内符合可投资性筛选条件的证券，剔除中证ESG 评价结果在C 及以下的上市公司证券；Open p.1 ↗ |
Eligible securities are screened and then ranked and selected by industry and market capitalization to reach the target count. |
| Ranking metrics | Name: Total market cap; Direction: Descending; Step order: 1, Name: Free float market cap share within csi level 3 industry; Direction: Descending; Step order: 2, Name: Stock Connect eligibility; Direction: Eligibility only; Step order: 2, Name: Free float market cap within csi level 1 industry; Direction: Descending; Step order: 4 | 选取同时满足以下条件的证券作为待选样本： ➢ 样本空间内总市值1排名前1500； ➢ 属于沪股通或深股通证券范围； ➢ 对主板证券，在所属中证三级行业内自由流通市值占比不低于2%Open p.1 ↗ |
Candidates must rank in the top 1,500 by total market capitalization, be Stock Connect eligible, meet main-board free-float industry share, and then are chosen by free-float and total market capitalization within industries. |
| Target constituent count | 500 securities | 在剩余待选样本中，从各中证一级行业按照自由流通市值选取一定数量证券，使样本数量达到500 只Open p.2 ↗ |
The index targets 500 constituents. |
| Industry neutrality rule | Securities are selected within CSI level-1 industries so that the distribution of level-1 industry free-float market capitalization is as consistent as possible with the sample universe; priority is also given to the largest free-float market capitalization in level-3 industries. | 在待选样本中，优先选取三级行业自由流通市值最大或总市值在样本空间内排名前1%的证券作为指数样本。 （4）在剩余待选样本中，从各中证一级行业按照自由流通市值选取一定数量证券，使样本数量达到500 只，且各一级行业自由流通市值分布与样本空间尽可能一致2。Open p.2 ↗ |
Selection balances CSI level-1 industry free-float market capitalization against the sample universe and prioritizes industry leaders at level 3. |
| M5 Weighting and capping · 3 fields | |||
| Free float factor | Method: Banded; Bands: To: 15; Method: Round the free-float ratio up to the nearest whole percentage value, From: 15; To: 20; Factor: 0.2, From: 20; To: 30; Factor: 0.3, From: 30; To: 40; Factor: 0.4, From: 40; To: 50; Factor: 0.5, From: 50; To: 60; Factor: 0.6, From: 60; To: 70; Factor: 0.7, From: 70; To: 80; Factor: 0.8, From: 80; Factor: 1; Examples: Security: A; Free float ratio (%): 9; Weighting ratio (%): 9; Adjusted shares: 9,000, Security: B; Free float ratio (%): 43.8; Weighting ratio (%): 50; Adjusted shares: 4,000, Security: C; Free float ratio (%): 82; Weighting ratio (%): 100; Adjusted shares: 5,000 | 除非特别说明，中证指数在计算自由流通股本时，采用分级靠档的方法，根据自由流通量所占证券总股本的比例（即自由流通比例）赋予证券总股本一定的加权比例From CSI Free Float Rules for Equity Indices ↗ |
Unless otherwise specified, a banded weighting factor is applied; free-float ratios up to 15% are rounded up to the nearest whole percentage, while higher bands use fixed factors from 20% to 100%. |
| Shares outstanding | Total issued shares of the security; free-float-adjusted share capital is total share capital multiplied by the banded weighting factor. | 自由流通量等于证券总股本剔除限售股份以及以下基本不流通的股份From CSI Free Float Rules for Equity Indices ↗ |
Free float is measured against the security's total share capital, and adjusted share capital is calculated using a weighting factor applied to total share capital. |
| Divisor adjustment rule | The new divisor equals the prior divisor multiplied by the post-adjustment adjusted market capitalization divided by the pre-adjustment adjusted market capitalization, calculated after the close before the change becomes effective. | 为保证指数的连续性，当指数样本、股本结构发生变化或样本的市值出现非交易因素的变动时，指数在变动生效日前一日收盘后采用除数修正法修正原除数。From CSI Calculation Rules for Equity Indices ↗ |
The divisor is corrected after the close before the effective date so that the new divisor equals the old divisor times the ratio of adjusted post-change market value to pre-change market value. |
| M6 Review and rebalance schedule · 7 fields | |||
| Selection data averaging rule | Total market capitalization and free-float market capitalization used in sample selection are daily averages over the past year. | 1 选样方法中所用总市值与自由流通市值均为过去一年日均数据。Open p.2 ↗ |
The total market capitalization and free-float market capitalization used in the selection method are based on daily averages over the preceding year. |
| Review frequency | Semi-annual | 指数样本每半年调整一次，样本调整实施时间分别为每年6 月和12 月的第Open p.2 ↗ |
Index constituents are reviewed and adjusted once every six months. |
| Review types | Semi annual review, Ad hoc | 指数样本每半年调整一次，样本调整实施时间分别为每年6 月和12 月的第Open p.2 ↗ |
The index has semiannual constituent reviews and special ad hoc adjustments. |
| Review months | June, December | 指数样本每半年调整一次，样本调整实施时间分别为每年6 月和12 月的第Open p.2 ↗ |
Scheduled constituent adjustments are implemented in June and December each year. |
| Effective date rule | Next trading day after the second Friday of June and December | 二个星期五的下一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。Open p.2 ↗ |
Scheduled changes take effect on the next trading day after the second Friday of June and December. |
| Weight reset frequency | Semi-annual | 权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期调整日前，权重因子一般固定不变。Open p.2 ↗ |
Weighting factors are adjusted with the semiannual constituent review and generally remain fixed until the next scheduled review. |
| Data cutoff rule | For commonly used periodic review cycles, the general data cutoff is normally the last calendar day of the second calendar month before the periodic adjustment effective date. | 通常情况下适用常用定期调整周期的指数的通用数据截止日为定期调整生效日前第二个自然月的最后一个自然日。From CSI Constituent Adjustment Rules for Equity Indices ↗ |
For commonly used review cycles, base data generally use the last calendar day of the second natural month before the adjustment effective date as the cutoff. |
| M7 Buffers and turnover control · 4 fields | |||
| Main board existing constituent buffer | Main-board existing constituents remain candidate samples if their free-float market capitalization accounts for at least 1% within their CSI Level III industry. | 定期调整设置缓冲区，若主板老样本在所属中证三级行业内自由流通市值占比不低于1%，仍作为待选样本；Open p.2 ↗ |
A main-board existing constituent is retained as a candidate if its free-float market capitalization share in its CSI Level III industry is at least 1%. |
| Industry balanced selection procedure | At each selection step, choose the CSI Level I industry with the lowest free-float market-capitalization weight relative to the sample space, then select the largest free-float security in that industry until 500 constituents are selected. | 2 具体做法：每步选样时，计算指数样本一级行业自由流通市值占比，确定相较样本空间市值占比最低的行业，选取该行业自由流通市值最大证券作为指数样本，重复该步骤直至样本数量达到500 只。Open p.2 ↗ |
Selection iteratively identifies the industry most underweight relative to the sample space and adds its largest free-float security until there are 500 constituents. |
| Buffer zone | Entry rank: 400; Exit rank: 600 | 选样方法（4）中的入选顺序在前400名的新样本优先进入，在前600 名的老样本优先保留。Open p.2 ↗ |
In the selection order, new candidates ranked in the top 400 receive priority entry, while existing constituents ranked within the top 600 receive priority retention. |
| Maximum turnover per review | 10% of constituents | 每次调整的样本比例一般不超过10%。定期调整设置缓冲区，若主板老样本在所属中证三级行业内自由流通市值占比不低于1%，仍作为待选样本；Open p.2 ↗ |
The proportion of constituents changed at each scheduled review generally may not exceed 10%. |
| M8 Corporate actions, IPOs, ad-hoc changes · 5 fields | |||
| Stock Connect eligibility adjustment | If a change in Shanghai Connect or Shenzhen Connect securities causes a constituent to no longer meet interconnection eligibility, the index will be adjusted accordingly. | 当沪股通或深股通证券范围发生变动导致样本不再满足互联互通资格时，指数将相应调整。Open p.3 ↗ |
The index is adjusted when a constituent ceases to be eligible under the Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect securities scope. |
| Ad-hoc deletion | Delisting, Acquisition, Other | 当样本退市时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。当沪股通或深股通证券范围发生变动导致样本不再满足互联互通资格时，指数将相应调整。Open p.3 ↗ |
A constituent is removed upon delisting; acquisitions, mergers, spin-offs, and loss of Stock Connect eligibility are handled through special adjustments or the maintenance rules. |
| Merger spinoff rules | Acquisitions, mergers, and spin-offs are handled by reference to the index calculation and maintenance rules. | 样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。Open p.3 ↗ |
Treatment of constituent-company acquisitions, mergers, and spin-offs follows the calculation and maintenance rules. |
| Corporate actions guide ref | 计算与维护细则 | 样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。Open p.3 ↗ |
The document refers corporate-action treatment to the Calculation and Maintenance Rules. |
| Deletion price | Default price: latest closing price; Major negative event suspended price: 0.00001; Currency for a share example: CNY | 原则上，以最新收盘价剔除指数样本。当决定剔除指数样本时，剔除证券处于停牌状态且停牌原因为触及交易类强制退市情形等重大负面事件的，一般以系统最低价格（目前为0.00001）剔除。From CSI Constituent Adjustment Rules for Equity Indices ↗ |
Constituents are generally removed at the latest closing price; if a removed security is suspended because of a trading-related mandatory delisting trigger or other major negative event, it is removed at the system minimum price, currently 0.00001. |
| M9 Calculation and return variants · 13 fields | |||
| Adjusted market value formula | adjusted_market_value = sum(security_price × adjusted_share_count × weight_factor) | 调整市值＝∑(证券价格×调整股本数×权重因子)。Open p.2 ↗ |
Adjusted market value is the sum across constituents of security price multiplied by adjusted share count and weight factor. |
| Formula base multiplier | 1,000 | 报告期指数= 报告期样本的调整市值 × 1000除数Open p.2 ↗ |
The index formula multiplies adjusted market value by 1,000 before dividing by the divisor. |
| Weight factor bounds | Minimum: 0; Maximum: 1 | 权重因子介于0 和1 之间，以使单个样本权重不超过10%，前五大样本权重合计不超过40%。Open p.2 ↗ |
The weight factor is between 0 and 1. |
| Single sample weight limit | 10% | 权重因子介于0 和1 之间，以使单个样本权重不超过10%，前五大样本权重合计不超过40%。Open p.2 ↗ |
Each single constituent's weight is limited to no more than 10%. |
| Top five weight limit | 40% | 权重因子介于0 和1 之间，以使单个样本权重不超过10%，前五大样本权重合计不超过40%。Open p.2 ↗ |
The combined weight of the five largest constituents is limited to no more than 40%. |
| Formula type | Divisor | 指数计算公式为：报告期指数= 报告期样本的调整市值 × 1000除数其中，调整市值＝∑(证券价格×调整股本数×权重因子)。Open p.2 ↗ |
The index is calculated as the adjusted market value of constituent securities multiplied by 1,000 and divided by the divisor. |
| Price source | Real-time prices come from exchange market-data systems such as SSE and SZSE or from data vendors designated by CSI; the latest trade is used when traded and the opening reference price is used when there is no trade. | 指数的实时计算，样本实时成交价格来自上海证券交易所、深圳证券交易所等交易所行情系统，或来自由中证指数不时指定的数据供应商提供的交易行情。From CSI Calculation Rules for Equity Indices ↗ |
Real-time calculation uses exchange or designated-vendor market prices, taking the latest traded price or, if no trade occurs, the opening reference price. |
| Calculation frequency | Real-time index updates follow the interface definition used by CSI, the exchange, or another third-party market-data system; closing indices are published every index trading day. | 实时指数计算和发布：指数更新频率以中证指数通、交易所或其他第三方行情发布系统接口定义为准。收盘指数计算和发布：指数发布频率为指数交易日每日发布。From CSI Calculation Rules for Equity Indices ↗ |
Real-time indices are updated according to the relevant publication interface, and closing indices are calculated and published on each index trading day. |
| Return variants | PR, GTR, NTR | 价格指数以样本的市场价格，计算指数的表现。为满足投资者的需要，中证指数同时计算部分指数的全收益指数和净收益指数。From CSI Calculation Rules for Equity Indices ↗ |
The rulebook identifies price, gross total return, and net total return indices, with gross and net versions calculated for some indices. |
| Withholding tax basis | A 10% cash-dividend tax rate is generally used for Shanghai, Shenzhen, Beijing, and Hong Kong securities. | 对沪深京港证券，现金分红的税率一般设置为10%。From CSI Calculation Rules for Equity Indices ↗ |
For Shanghai, Shenzhen, Beijing, and Hong Kong securities, the cash-dividend tax rate is generally set at 10%. |
| Dividend treatment | Gross total return indices reinvest pre-tax cash dividends and net total return indices reinvest after-tax cash dividends on the ex-dividend date; the price index does not adjust the divisor for cash dividends. | 全收益指数和净收益指数是价格指数的辅指数，与价格指数的区别在于全收益指数、净收益指数的计算中考虑了样本税前、税后现金红利的再投资收益，不会在样本除息日按照样本分红金额自然回落From CSI Calculation Rules for Equity Indices ↗ |
Gross and net total return indices assume reinvestment of pre-tax and after-tax cash dividends on the ex-dividend date, while the price index falls naturally on cash dividends. |
| Divisor adjustment | Cash dividend for gross and net total return indices, Bonus issue, Rights issue, Stock split, Reverse stock split, Other share changes at or above 5 percent, Accumulated small share changes in semi annual adjustment, Periodic or ad hoc constituent adjustment | 当样本现金分红时，价格指数除数不予修正，任其自然回落。全收益指数、净收益指数在样本除息日前一交易日收盘后修正指数除数。当样本送股、配股、拆股或缩股时，价格指数、全收益指数、净收益指数在样本除权日前一交易日收盘后修正指数除数。From CSI Calculation Rules for Equity Indices ↗ |
Divisor adjustments are triggered by total-return cash dividends, bonus issues, rights issues, splits, reverse splits, qualifying other share changes, scheduled small share-change updates, and constituent adjustments. |
| Recalculation policy | Where recalculation or republication is involved, CSI will promptly notify index clients; in complex cases CSI reserves discretion to recalculate the index or republish related data products. | 公司保留在复杂情况下自行决定重新计算指数或重新发布相关数据产品的权利。涉及指数重新计算或发布的情形，公司将及时向指数客户发布通知。From CSI The Primary Policy of Index Management ↗ |
If an index is recalculated or related data products are republished, CSI will promptly notify index clients, with the decision reserved to CSI in complex situations. |
| M10 Governance, change policy, disclosure · 10 fields | |||
| Oversight body | Index Business Supervisory Committee, Index Expert Committee | 指数业务监督委员会负责定期对指数编制方案审阅工作进行监督。From CSI The Primary Policy of Index Management ↗ |
The Index Business Supervisory Committee supervises methodology review, rule changes, index terminations, and complaint reports; the Index Expert Committee provides recommendations and discusses Category I index terminations. |
| Discretion points | decide whether and how to correct an index error within six months, decide whether to recalculate an index or republish related data products in complex cases, terminate an index after prudent evaluation, consider providing a replacement index when regulatory requirements and feasibility permit, issue emergency notices depending on the impact of a calculation abnormality, use targeted rather than public consultation where appropriate for material changes | 对于六个月以内的指数错误，需综合评估指数错误影响、指数产品情况、距离下次指数调整时间、指数可投资性与可复制性等因素，慎重决定处理方案。From CSI The Primary Policy of Index Management ↗ |
CSI retains discretion over error handling and recalculation, index termination after evaluation, replacement-index considerations, emergency notification based on impact, and consultation format in appropriate cases. |
| Methodology review frequency | periodic internal review | 公司负责根据内部定期审阅、审视市场环境、听取指数专家委员会建议、接受市场反馈、外部投诉等途径对指数规则进行必要的修订。From CSI The Primary Policy of Index Management ↗ |
Index rules are revised based on periodic internal reviews, market developments, expert committee advice, market feedback, and complaints; the review interval is not specified. |
| External review | Material changes: Market opinions must be sought in advance; Category I indices: Public consultation is the principle; targeted consultation may be used with scope commensurate with the index's actual impact; Non Category I indices: Targeted consultation is the principle | 指数规则修订涉及的重大变更应事先征求市场意见。其中，一类指数1的重大变更原则上采用公开征求意见的形式，若采用定向方式的，征求范围应与指数的实际影响相适应；非一类指数的重大变更原则上采用定向征求意见的形式。From CSI The Primary Policy of Index Management ↗ |
Material rule changes require prior market consultation: Category I indices normally use public consultation, while non-Category I indices normally use targeted consultation. |
| Material change definition | Material changes are referenced as major changes to index rules, but the document does not define the criteria for materiality. | 指数规则修订涉及的重大变更应事先征求市场意见。From CSI The Primary Policy of Index Management ↗ |
The rulebook requires market consultation for material index-rule changes but does not state a definition or criteria for materiality. |
| Consultation procedure | Material changes are consulted with the market before implementation; Category I indices normally use public consultation, non-Category I indices normally use targeted consultation, and targeted scope must match the index's actual impact. | 其中，一类指数1的重大变更原则上采用公开征求意见的形式，若采用定向方式的，征求范围应与指数的实际影响相适应；非一类指数的重大变更原则上采用定向征求意见的形式。From CSI The Primary Policy of Index Management ↗ |
CSI conducts prior market consultation for material changes, normally publicly for Category I indices and on a targeted basis for other indices, with targeted scope aligned to impact. |
| Notice period | 1 business day | 第十七条 指数规则的修订根据指数分类不同须在正式实施前至少一个交易日于公司官网进行公告，公告内容包括指数规则修订的背景、内容及实施时间表。From CSI Measures for the Implementation of Change of Index Methodologies ↗ |
Unless otherwise specified, rule revisions must be announced on the company website at least one trading day before formal implementation. |
| Error correction policy | Error definition: A published index level deviates from the correct level; Causes: data errors, maintenance errors, software or hardware technical failures, other causes; Older than six months: generally not handled; Within six months factors: impact of the error, index-linked products, time until the next index adjustment, index investability and replicability; Complex cases: CSI reserves the right to decide whether to recalculate the index or republish related data products | 指数错误指已向市场发布的指数点位与正确点位发生偏离。引起指数错误的原因包括但不限于：数据错误、维护错误、软硬件技术故障等。公司经过审慎评估，可能对指数错误进行修正，并遵循以下原则：如指数错误发现时距离发生已超过六个月，一般不予处理。From CSI The Primary Policy of Index Management ↗ |
Errors are deviations between published and correct levels; errors older than six months are generally not addressed, while newer errors are assessed by impact, linked products, timing, investability, and replicability, and complex cases may be recalculated or republished at CSI's discretion. |
| Change announcement | market disclosure before formal implementation of rule revisions, CSI Index Express, Exchanges, other third-party market-data publication systems, CSI website, CSI data service platform, notices to index clients for recalculation or republication | 指数规则修订经内部评审后，将在正式实施前向市场披露。From CSI The Primary Policy of Index Management ↗ |
CSI discloses rule revisions to the market before implementation, publishes levels through market-data systems and its website or data platform, and notifies clients for recalculations or republication. |
| Cessation policy | After prudent evaluation, CSI may terminate an index, meaning cessation of calculation, maintenance, and external publication; factors outside CSI's control may, in extreme cases, lead to termination. | 公司经过审慎评估后，可能会进行指数终止的操作，即终止指数的计算、维护和对外发布。From CSI The Primary Policy of Index Management ↗ |
An index may be terminated after prudent evaluation, stopping its calculation, maintenance, and external publication; extreme market, data, liquidity, environmental, or geopolitical factors may also result in termination. |
Open points · 40Model-written, for reference
- 1ISIN is not stated.
- 2Data-vendor tickers for Bloomberg, Refinitiv, Wind, or other vendors are not stated.
- 3Calculation agent, if different from the administrator, is not stated.
- 4Launch date is not stated.
- 5Calculation currency is not stated.
- 6Methodology version and methodology date are not stated.
- 7Benchmark regulatory status is not stated.
- 8Intended uses such as ETF underlier or derivatives benchmark are not stated.
- 9Size segment, index family type, and factor exposures are not explicitly classified.
- 10Specific markets, exchanges, boards, security types, and nationality rules are not itemized; the sections only refer to the CSI All Share Index sample universe.
- 11Universe exclusions are not listed beyond reference to the parent universe.
- 12Minimum trading history is not stated.
- 13Minimum market capitalization or rank threshold is not stated beyond the general objective of selecting larger companies.
- 14Minimum free float is not stated.
- 15Foreign ownership room or limit requirements are not stated.
- 16Minimum voting rights, minimum price, financial screens, business or ESG exclusions, suspension treatment, and abnormal price screens are not stated.
- 17A liquidity buffer specifically for existing constituents is not stated.
- 18No explicit tie-breaking rule is stated for equal rankings or identical selection metrics.
- 19No reserve list size or replacement-candidate rule is stated.
- 20The weighting scheme, free-float factor methodology, share-count source, and divisor adjustment rule are not stated.
- 21No single-constituent, group, sector, or country weight cap is stated.
- 22Foreign ownership limit treatment and domestic inclusion factors are not stated.
- 23No explicit data cut-off or review reference date rule was stated.
- 24No announcement timing or disclosure channel for review results was stated.
- 25No separate rebalancing frequency distinct from the semiannual review was stated.
- 26No size-segment buffer bands or relaxed liquidity threshold for existing constituents were stated.
- 27No fast-entry rule for large new listings was stated.
- 28No reserve-list or other replacement policy for ad hoc deletions was stated.
- 29No deletion price for suspended or removed securities was stated.
- 30No threshold for interim share or free-float changes was stated.
- 31The supplied text does not specify whether acquisition, merger, spin-off, or Stock Connect ineligibility always causes deletion or another adjustment, so ad hoc deletion triggers is only partially mapped.
- 32M9 does not specify the price source or treatment of securities with no traded price.
- 33M9 does not specify the calculation frequency or publication interval.
- 34M9 does not specify the number of decimal places in the published index level.
- 35M9 does not specify price, gross total return, or net total return variants.
- 36M9 does not specify any withholding tax basis for net total return calculations.
- 37M9 does not specify cash dividend treatment.
- 38M9 does not specify market disruption or market closure handling.
- 39M9 does not specify a recalculation or error-correction policy.
- 40The calculation and return variants section contains no governance, oversight, consultation, disclosure, cessation, or methodology-review rules.
Read by a language model (doubao-seed-2.1-pro) on 2026-10-03 · prompt 1.2 · schema 1 · 67 of 67 quotes found word for word in the PDF · includes general rules: Calculation Rules for Equity Indices v1.1, Free Float Rules for Equity Indices v1.1, Constituent Adjustment Rules for Equity Indices v1.2, The Primary Policy of Index Management v3.0, Measures for the Implementation of Change of Index Methodologies v3.0
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