Battle commences to become China benchmark index

China is the world's second-largest equity market, but so far there is no globally recognised stock market benchmark. As derivative and ETF providers increasingly focus on the sector, will one emerge?


The current premier Li Keqiang told the US ambassador in 2007 that China's GDP figure was a "man-made and therefore unreliable statistic". Instead the then head of the Liaoning province communist party said he took the economic pulse from the numbers for electricity, rail cargo and loan demand. However, another alternative metric Li could have used is stock market capitalisation.

Despite not having a forum for equity trading until 1990, when the Shanghai Stock Exchange (SSE) went live followed

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