Index provider FTSE Russell and financial services group Ping An have launched an ESG China index series.
The FTSE Ping An China ESG Index Series is designed around China’s unique development trajectory and ESG issues and is available to domestic and offshore investors.
The series uses Ping An’s ESG framework of 4,000 A-shares to translate scores into index weightings.
For example, the companies said in the FTSE Ping An China A Free ESG Advanced 50 Index the top five companies are ranked by ESG Rating from 10 industries and weighted by market capitalisation. Similarly, the FTSE Ping An China A Free ESG Advanced 100 Index selects the top 10 companies ranked by ESG Rating from 10 industries and weighted by market capitalisation.
Arne Staal, CEO of FTSE Russell, said: “We look forward to working closely with Ping An to advance the expansion of sustainable investing in China, which is one of the world’s most dynamic and strategically important capital markets.”
Eugene Huang, CEO of Ping An Technology, added: “Our partnership with FTSE Russell will enable us to provide more choice to customers looking for greater flexibility and efficiency in their China investment mandate. We hope to produce China centric products which are appropriate for China’s stage of development.”