Recently, the 2021 Forum for China's Listed Companies was held in Shanghai, jointly hosted by the Shanghai Committee of the China National Democratic Construction Association, Shanghai Stock Exchange, Shenzhen Stock Exchange, AllBright Law Offices, and ZUFE. During this period, the launch ceremony of Huatai-Pine Bridge Investments-China Securities Index (CSI) Corporate Core Competitiveness 50 Exchange Traded Funds (ETF) was staged.
The CSI Corporate Core Competitiveness 50 index, tracked by the Beautiful 50 ETF released this time, is formulated by China Securities Index Co., Ltd., based on the evaluation method of core competitiveness of enterprises developed by ZUFE's Institute of China Finance Research (ZUFE-ICFR), covering the four dimensions of governance, finance, innovation, and social responsibility to rate the competitiveness of public companies in a comprehensive way, so as to select the 50 most competitive listed enterprises in China’s capital market as index constituent stocks.
The Beautiful 50 Index was formerly known as the Blue Book Nifty Fifty Index. The group from ZUFE-ICFR first proposed the overall competitiveness evaluation index system for publicly traded companies in 2017. In 2018, group members introduced the Beautiful 50 concept and then produced the Blue Book Nifty Fifty Index by adopting this evaluation system and ranking their sectors to analyze the comprehensive competitiveness of A-share publicly listed companies from multiple dimensions. In 2019, these experts continued to use the previous evaluation system and index formulation method by taking advantage of relevant data from public companies in 2018 to formulate the 2019 Blue Book Nifty Fifty Index, which turned out good performance. In 2020, these scholars revised the selection and weight of indicators at the second and third levels while keeping the indicators at the first level unchanged, and renamed them, finally shaping the CSI Corporate Core Competitiveness 50 Index. In 2021, this group cooperated with Huatai-PineBridge Investments Management Co., Ltd. to compile the index. In the process of index compilation and product development, Huatai-PineBridge Investments and ZUFE-ICFR conducted in-depth communication and cooperation, combining academic theories related to corporate governance with practical investments in the capital market. Appropriate improvements and adjustments of weights of certain indicators were made to ensure that the findings were continuous and scientific, while the overall index system was left unchanged.
