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SSE Composite Index

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SSE Composite Index
Foundation
  • 15 July 1991; 33 years ago (1991-07-15) (launch date)
  • 19 December 1990 (base date)
Operator
ExchangesShanghai Stock Exchange
Trading symbolSSE: 000001
Constituentsall stock (A & B shares)
Typeall cap
Market cap
  • CN¥32.697 trillion (September 2017)[1]
  • CN¥12.727 trillion (free-float adjusted, September 2017)[1]
Related indices
Websitewww.csindex.com.cn/en/indices/index-detail/000001
SSE Composite Index
Simplified Chinese上海证券交易所综合股价指数
Transcriptions
Standard Mandarin
Hanyu PinyinShànghǎi Zhèngquàn Jiāoyìsuǒ zōnghé gǔjià zhǐshù
Wade–GilesShang-hai Chen-ch'üan Chiao-i-so ku-chia chih-shu
Yale RomanizationShànghǎi Jèngchywàn Jyāuyìswǒ gǔjyà jřshù
IPA[ʂâŋxàɪ ʈʂə̂ŋtɕʰɥɛ̂n tɕjáʊîswò kùtɕjâ ʈʂɻ̩̀ʂû]
Alternative Chinese name
Simplified Chinese上证综合指数
Transcriptions
Second alternative Chinese name
Simplified Chinese上证综指
Transcriptions

The SSE Composite Index also known as SSE Index is a stock market index of all stocks (A shares and B shares) that are traded at the Shanghai Stock Exchange.[2]

There are also SSE 180, SSE 50 and SSE Mega-Cap Indexes for top 180, 50 and 20 companies respectively, and the CSI 300 Index, which includes shares traded at the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

Weighting and calculation

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SSE Indices are all calculated using a Paasche weighted composite price index formula. This means that the index is based on a base period on a specific base day for its calculation. The base day for SSE Composite Index is December 19, 1990, and the base period is the total market capitalization of all stocks of that day.[2] The Base Value is 100. The index was launched on July 15, 1991.[2]

  • The formula is:

Current index = Current total market cap of constituents × Base Value / Base Period

Total market capitalization = Σ (price × shares issued)

  • The B share stocks are generally denominated in US dollars for calculation purposes. For calculation of other indices, B share stock prices are converted to RMB at the applicable exchange rate (the middle price of US dollar on the last trading day of each week) at China Foreign Exchange Trading Center and then published by the exchange.

Annual Returns

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The following table shows the annual development of the SSE Composite Index since 1990.[3][4]

Year Closing level Change in Index
in Points 		Change in Index
in %
1990 127.61
1991 292.75 165.14 129.41
1992 780.39 487.64 165.57
1993 833.80 53.41 6.84
1994 647.87 −185.93 −22.30
1995 555.28 −92.59 −14.29
1996 917.02 361.74 65.15
1997 1,194.10 277.08 30.22
1998 1,146.70 −43.39 −3.97
1999 1,366.58 219.88 19.18
2000 2,073.48 706.90 51.73
2001 1,645.97 −427.51 −20.62
2002 1,357.65 −288.32 −17.52
2003 1,497.04 139.39 10.27
2004 1,266.50 −230.55 −15.40
2005 1,161.05 −105.44 −8.33
2006 2,675.47 1,514.42 130.43
2007 5,261.56 2,586.09 96.66
2008 1,820.81 −3,440.75 −65.39
2009 3,277.14 1,456.33 79.98
2010 2,808.08 −469.06 −14.31
2011 2,199.42 −608.66 −21.68
2012 2,269.13 69.71 3.17
2013 2,115.98 −153.15 −6.75
2014 3,234.68 1,118.70 52.87
2015 3,539.18 304.50 9.41
2016 3,103.64 −435.54 −12.31
2017 3,307.17 203.53 6.56
2018 2,493.90 −813.27 −24.59
2019 3,050.12 556.22 22.30
2020 3,473.07 422.95 13.87
2021 3,639.78 166.71 4.80
2022 3,089.26 −550.52 −15.03
2023 2,974.93 −114.33 −3.70

See also

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References

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  1. ^ a b "SSE Composite Fact Sheet September 2017" (PDF) (Press release). China Securities Index. September 2017. Archived (PDF) from the original on 31 October 2017. Retrieved 31 October 2017.
  2. ^ a b c "Methodology of SSE Composite Index" (PDF). China Securities Index. Retrieved 31 October 2017.
  3. ^ "Historical data: Shanghai Composite Index - China (SHC)".
  4. ^ "Shanghai Composite Index (China) Yearly Stock Returns". www.1stock1.com. Retrieved 2020-01-20.
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