Draft:CSI 500 Index

The CSI Smallcap 500 Index, abbreviated as CSI 500, with the English name CSI Smallcap 500 Index, has the Shanghai Stock Exchange code 000905 and the Shenzhen Stock Exchange code 399905. It is one of the scale indexes compiled and released by China Securities Index Co., Ltd. The CSI 500 Index has a base date of December 31, 2004, with 1000 points as its base. The index adjusts its constituent stocks every six months on the second Friday of June and December each year, aiming to reflect the overall price trend of small and medium-sized market capitalization stocks in the A-share market of China. As of September 27, 2019, the total market capitalization of the constituent stocks of the CSI 500 Index was approximately 6.48 trillion Chinese yuan.

Selection Standard
The CSI 500 Index consists of the top 500 stocks in the Chinese A-share market, excluding constituents of the SSE 300 Index as well as stocks ranking within the top 300 in terms of total market capitalization.

The specific method is as follows: The selection scope of constituent stocks is the same as that of the SSE 300 Index. Within the selection scope of constituent stocks, the constituent stocks of the SSE 300 Index and the stocks ranking among the top 300 in terms of average daily total market value in the past year are excluded. Then, the remaining stocks are ranked in descending order based on the average daily trading volume in the past year, and the bottom 20% of the ranked stocks are removed. Finally, the remaining stocks are ranked in descending order based on the average daily total market value in the past year, and the top 500 stocks are selected to form the constituent stocks of the CSI 500 Index.