S&P/CITIC Corporate Bond Index is one of five distinct fixed indices designed to track China's government corporate, inter-bank and convertible bond markets. It includes all corporate bonds listed on either SSE or SZSE. All exchange-traded bonds with terms to maturity above one year, fixed coupon rate including zero coupon bonds that detach at maturity, par outstanding above 100 million RMB and investment grade credit rating are included in the index. This index is calculated real-time.
S&P/CITIC Index Information Services Company, a joint venture between Standard &
Poor’s and CITIC Securities expanded its service offering to the fixed income market with a suite of bond indices to its product line. The series, branded S&P/CITIC Bond Indices, had been calculated by CITIC Securities since 2000 and has over the years become the accepted institutional benchmark set for investing in the entire China fixed income market because it includes the broadest array of fixed income sub-strategies. The series provides access to a full range of independently produced fixed income investment tools, consisting of five distinct fixed income indices to track China's government, corporate, inter-bank and convertible bond markets.