BEIJING--(BUSINESS WIRE)--VantagePoint Venture Partners (“VantagePoint”) and the China Beijing Environmental Exchange (“CBEEX”) today announced a partnership with China Securities Index Company Limited (“CSI”) to publish the China Low Carbon Index (“CLCI”), the most comprehensive index tracking China’s CleanTech sector and the first RMB-denominated low-carbon index. CSI is a joint venture between the Shanghai and Shenzhen Stock Exchanges specializing in creating and managing indices. It will publish the CLCI on February 16, 2011 under the code H11113.
First launched in June 2010 by VantagePoint and CBEEX, the CLCI measures the performance of companies headquartered in mainland China that have significant involvement in the low carbon economy. It aims to create benchmarks for the Chinese low carbon investment community, provide insights on development trends and encourage a greater flow of funds and technologies into low carbon solutions in China.
“As a leader in global CleanTech investments, VantagePoint understands the importance of China’s role in the global CleanTech marketplace,” said Alan Salzman, CEO and Managing Partner of VantagePoint. “This new partnership with CSI gives interested parties around the world an effective and consistent way to measure and evaluate CleanTech market performance in China.”
“China Securities Index Company is a strong partner for the China Low Carbon Index. We look forward to working with them and benefiting from their expertise to build greater success for the index,” said Yan Xiong, Chairman of CBEEX. He added, “The support from our new partner, CSI, illustrates the growing recognition for CLCI as an important benchmark of the development of China's clean energy and technology sectors.”
"The China Low Carbon Index is an effective indicator for investors on crucial trends in China's low carbon sector,” commented Zhigang Ma, General Manager of China Securities Index, "We hope that our partnership with CLCI will promote China's low carbon industry on the capital market and attract further interest and investment to this key sector of the Chinese economy."
“Thanks to this partnership with CSI, the China Low Carbon Index has reached another milestone in its mission to enhance the long-term development and tracking of China’s leading new-energy companies,” said Melissa Guzy, Managing Director of VantagePoint in Asia.
Additional details about the index can be found at www.chinalowcarbonindex.org.
About VantagePoint Venture Partners
VantagePoint Venture Partners is a global leader in funding the transformative companies of the 21st century in the CleanTech, Healthcare and Information Technology sectors. With a best-in-class investment team of business and scientific experts, a broad network of corporate Strategic Partners, accomplished Senior Advisors, and more than $4.5 billion in committed capital, the Firm has the resources and talent to build transformative, industry-leading companies. Headquartered in Silicon Valley with offices in Hong Kong and Beijing, VantagePoint has active investments in over 70 companies, including award-winning CleanTech leaders Bridgelux, BrightSource Energy, MiaSolé, Xinjiang Goldwind Science & Technology Co. Ltd., Serious Materials, Solazyme, Tesla Motors, Trilliant, Tendril and Better Place. For more information, visit www.vpvp.com.
About CLCI
The China Low Carbon Index is the most comprehensive index tracking China’s low carbon economy. Established in June 2010, it currently tracks 40 companies that are headquartered in mainland China, are listed in the Mainland, Hong Kong or the United States, and have a significant involvement in the low carbon economy. As of January 14, 2011, the market value of the current CLCI constituent companies was RMB 823.6 billion, and the free float-adjusted market capitalization was RMB 404.7 billion. The CLCI is adjusted twice per year, on the first trading days of January and July. In exceptional circumstances the index will be adjusted more regularly.
About CSI
China Securities Index Company Limited (CSI) is a professional business entity specializing in the creation and management of indices and index-related services. As a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, CSI is dedicated to serving the capital market and promoting financial innovation relying on the information and technical advantages of the two exchanges. Focusing on the series of CSI indices, exchange indices and customized indices, CSI aims to become the leading index provider in China. For more information visit www.csindex.com.cn.
About CBEEX
China Beijing Environment Exchange (CBEEX) was founded on Aug 5th, 2008, established with the approval of the Beijing municipal government, and is a professional market platform for trading various environment equities. CBEEX is an operational organization for open and centralized transaction of environment equity, established by China Beijing Equity Exchange (CBEX), CNOOC New Energy Investment Co. Ltd, China Guodian Corp. and China Everbright Investment Management Corp. CBEEX is a public platform using economic measures to address environmental issues. Through its advanced transaction system and extensive network of membership and partnership, CBEEX tends to realize optimization of resource allocation, minimization of pollution abatement cost and transaction cost, cost-effectiveness of environmental governance. For more information visit www.cbeex.com.