​BNP Teams Up With S&P For New China Index

As China’s economy increasingly moves towards a consumption-led model as it experiences an economic slowdown and RMB devaluation, investors globally have bemoaned the lack of a benchmark that fairly reflects the New China economy. BNP Paribas and Standard & Poor’s, however, have teamed up to launch the S&P New China Sectors Index that aims to fairly reflect the Chinese equity markets through a balanced approach that includes Hong Kong listed equities, ADRs and A-shares. BNP Paribas, meanwhile, will exclusively offer liquidity for a range of strategies on the new index.