The table below lists the GICS sector weightings of the Shanghai SSE Composite index. The largest sector of the index is the Financials & Real Estate sector which makes up 24.2% of the index (12/31/2021). SSE Index lists all stocks that are traded at the Shanghai Stock Exchange and is considered as the benchmark index for the Chinese equity market. Mainland China’s market is still dominated by banks and other financial companies while technology companies still represent only a small part of the market when compared to the U.S. stock market. However, the importance of the technology sector is rising while the weighting of the Financials sector is decreasing.
SSE Composite Index – GICS Sector Weightings
| GICS Sector | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 |
|---|---|---|---|---|---|
| Financials & Real Estate | 24.2% | 33.2% | 36.6% | 35.3% | 33.3% |
| Health Care | 6.9% | 4.8% | 5.0% | 4.7% | 4.7% |
| Consumer Staples | 10.4% | 6.0% | 8.6% | 6.6% | 6.3% |
| Consumer Discretionary | 8.1% | 10.2% | 7.7% | 8.7% | 9.9% |
| Industrials | 20.1% | 18.7% | 15.3% | 16.7% | 18.1% |
| Materials | 10.6% | 8.9% | 8.2% | 8.0% | 9.1% |
| Energy | 5.4% | 9.0% | 6.9% | 9.3% | 9.2% |
| Utilities | 4.0% | 4.2% | 4.0% | 4.8% | 4.4% |
| Telecommunications | 2.2% | 1.3% | 2.8% | 2.4% | 1.4% |
| Information Technology | 8.3% | 3.7% | 4.9% | 3.5% | 3.6% |
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