The S&P Overseas China 10 Index provides tradable exposure to 10 of the largest publicly-traded Chinese companies available to investors on a developed exchange that are not listed on the Hong Kong Stock Exchange.
The index serves as a complement to H-share based indices by providing exposure to companies trading in overseas exchanges without H-share listings. H-share refers to the shares of companies incorporated in Mainland China that are traded on the Hong Kong Stock Exchange. The S&P Overseas China 10 serves as a companion to the S&P/CITIC China 30 Index, which is comprised of the largest, most liquid stocks of Mainland Chinese companies with listings outside of Mainland China.
Index constituents exhibit the following characteristics:
Universe - Any company domiciled in China that trades on a developed market exchange other than the Hong Kong Stock Exchange. ADRs and GDRs are eligible.
Weighting - Liquidity driven weighting scheme. No stock has a weight of more than 15%, and the sum of the weights of stocks with weights greater than 15% is less than or equal to 60% of the index.
Liquidity – Three-month average daily trading value above US$ 1 million as of each rebalancing reference date.
Domicile & Exchange - Asian country, primary market listing must be an Asian market
Trading History – Each eligible stock must have been trading for at least three months prior to the rebalancing reference date
Index Governance and Policy
This index is maintained by the S&P Index Committee, whose members include Standard & Poor’s economists and index analysts. It follows a set of published rules and policies that provide the transparent methodology used to maintain the index.
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