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S&P launches index covering China’s new economy

Offshore lovers of A-shares willing to take a bet on China’s ambitious drive to transition its economy need wait no longer with Standard & Poor’s launching an index tracking companies set to benefit from a ‘New China’. The S&P New China Sectors Index, backed by BNP Paribas Equity Derivatives Strategy (EDS) Asia’s GICS (global industry classification standard) sectors, is intended to overcome…

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