China Securities Journal Golden Bull | Supporting the Development of a Long-Term Investment Ecosystem! SSE Index System Adds Three Major Multi-Asset Index Series

On April 2, the Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI) announced that they will launch the SSE STAR Market Equity and Bond Constant Proportion Index Series, SSE Benchmark Market-Making Equity and Bond Constant Proportion Index Series, and SSE Dividend Benchmark Market-Making Equity and Bond Constant Proportion Index Series on April 3. Altogether 15 indices will be released, providing the market with diversified performance benchmarks and investment targets.

According to the introduction, the above three index series all adopt the strategy of "core broad-based/dividend index + high-quality credit bond index", with five tiers of stock-bond allocation weights. The equity weights are set at 30%, 20%, 15%, 10% and 5% respectively, with corresponding bond weights increasing gradually. This design creates differentiated risk levels and highlights low-volatility and steady features, allowing investors to choose flexibly according to their own risk preferences. Among them, the equity component of the SSE STAR Market Equity and Bond Constant Proportion Index Series is the SSE STAR Market 50 Index, and the bond component is the SSE AAA Sci-Tech Innovation Corportate Bond Index. For the SSE Dividend Benchmark Market-Making Equity and Bond Constant Proportion Index Series and Benchmark Market-Making Equity and Bond Constant Proportion Index Series, their equity components track the SSE Dividend Index and SSE 50 Index respectively, while both use the SSE Benchmark Market-Making Corporate Bond Index as their bond component. With clear positioning, these index series concentrate on Shanghai Stock Exchange-listed targets and boast large product capacity. They effectively smooth market volatility through stock-bond allocation, matching the steady investment needs of different types of investors.

The launch of the three multi-asset index series represents an important move by the SSE and CSI to improve the SSE index system and support investment-side reform, helping to build a diversified and standardized multi-asset index matrix. The three series form differentiated complementarity: The SSE Dividend Benchmark Market-Making Equity and Bond Constant Proportion Index Series focuses on high-dividend assets and high-grade bonds, in line with long-term value investment; the SSE Benchmark Market-Making Equity and Bond Constant Proportion Index Series centers on large-cap blue chips and steady bonds, representing the allocation of core SSE assets; the SSE STAR Market Equity and Bond Constant Proportion Index Series highlights hard technology and tech innovation bonds, serving the national innovation strategy. Together, they form a multi-asset index matrix covering value, blue-chip and sci-tech innovation sectors.

In addition, the SSE STAR Market Equity and Bond Constant Proportion Index Series unveiled this time is the first multi-asset index combining the STAR Market and STAR Market bonds. It provides investors with a new allocation tool to share in the growth of sci-tech innovation while pursuing steady returns, helping guide medium and long-term capital to support technological innovation and serve the high-quality development of the real economy.

To date, the SSE and CSI have released 115 multi-asset indices, including 15 SSE series indices, establishing a comprehensive SSE multi-asset index system covering fixed-weight, risk parity, target risk, volatility control and other strategies.