CSI Total Bond Index is a cross-market bond index that comprehensively reflects the inter-bank bond market and the bond market of Shanghai and Shenzhen stock exchanges, and it is also the first bond index compiled and published by CSI Index Company. The sample of the index consists of national debt, financial debt and corporate debt in the above two markets.
1. The sample of this index consists of national debt, financial debt and corporate debt in the interbank market and the Shanghai and Shenzhen stock exchanges. CSI Index Company calculates and publishes the closing index of CSI bonds and corresponding bond attribute indicators every day, providing bond investors with investment analysis tools and performance evaluation benchmarks. An important feature of this index is that it uses model prices for abnormal prices and situations where there is no market, which can more truly reflect the actual value and yield characteristics of bonds.
2. The CSI total debt index system also includes four annual indexes and three sub-indexes. The annual index is to select samples with remaining maturity exceeding 1-3 years, 3-7 years, 7- 10 years and 10 years from the total debt index sample set to form corresponding indexes. The classification index is to select the credit category of national debt, financial debt and credit debt.
3. The constituent bonds of the CSI General Bond Index include: inter-bank bonds, financial bonds, corporate bonds and corporate bonds, Shanghai bonds, corporate bonds and corporate bonds, Shenzhen bonds, corporate bonds and corporate bonds, and meet the conditions of fixed interest rate, remaining maturity of more than one year and credit rating of investment grade and above.
4. The sample numbers of China bonds, financial bonds and corporate bonds in the CSI total bond index are 7 1, 99 and 189 respectively, accounting for 6 1.2%, 30.9% and 7.9% of the market value respectively. The sample bonds of CSI 3 bonds, CSI 7 bonds, CSI 10 bonds and CSI 10+ bonds in each annual index are 58, 10 1 1,16 and 84 respectively, accounting for 27.5% of the market value.