中国大宗商品指数(China Commodity Index, CCI)5月9日正式上线

5月9日,由财新智库和格盛资产合作编制开发的中国大宗商品指数(China Commodity Index, CCI)正式上线。该指数包含中国三大商品期货交易所32种实物商品期货合约,依据产量和流动性进行权重分配,旨在成为中国有形商品期货多元化多头投资的基准指数。

中国大宗商品指数包含五个板块,分别是能源、农产品、食品和纤维、工业金属和贵金属,为保持指数的全面性和分散化,任一商品板块不能超过总权重的35%,单一商品的权重不可超过10%。根据2018年4月指数月报显示,4月末中国大宗商品指数报收173.51,较上月上涨2.39%,其中工业金属板块涨幅靠前。

Caixin Insight, a sister company of Caixin Media, and U.S. asset manager Gresham Investment Management LLC have launched an index that aims to become a benchmark for China’s commodity futures market.

The China Commodity Index (CCI) gauges price changes in 32 contracts of 28 commodities traded on the country’s three futures exchanges in Shanghai, the northeastern city of Dalian and Central China’s Zhengzhou, the two companies said in a joint statement on Thursday.

“The China Commodity Index is intended as a benchmark for diversified long-only investment in Chinese exchange-traded tangible commodity futures, which will provide investors, both foreign and domestic, with an effective, scientific tool to track and invest in Chinese commodity futures,” it said.

To be included into the index, a contract must have been actively traded for at least three years with an annual value of transactions that exceeds 170 billion yuan ($26.7 billion).

The index covers five groups of commodities: energy, agricultural products, food and fibers, industrial metals, and precious metals.

To ensure the indicator is highly diversified, the weight of each commodity in the index is capped at 10%, while that of each group can be no more than 35%.

In April, the CCI closed at 173.51, up from 169.46 a month ago, with hot-rolled steel coil, rebar and thermal coal leading the increase, according to the first official monthly report about the index, which was released on Wednesday.

Caixin Insight is a provider of Chinese business and financial data, macroeconomic research and consulting services.

Gresham Investment Management, based in New York, specializes in investing in commodity futures. It managed more than $7.5 billion for its clients as of March.

本文来源:财新英文 作者:Fran Wang

2018年05月11日

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