CEIS and Haiken Group to jointly compile serial price indexes

BEIJING, Dec. 22, 2017 /PRNewswire/ -- China Economic Information Service (CEIS), an affiliate of Xinhua News Agency, signed a cooperative agreement with Haiken Group on Monday to jointly compile "Xinhua-Haiken" serial price indexes.

"Xinhua-Haiken" serial price indexes would include "Xinhua-Haiken China Natural Rubber Serial Price Indexes", "Xinhua-Haiken Hainan Pepper Price Index" and "Xinhua-Haiken Hainan Areca-nut Price Index."

With samples covering the entire industrial chain, the serial price indexes, to be released from 2018 on a daily basis, aim to give a precise reflection of the price trend of all links in the industrial chain and providing valuable information for the industry.

In particular, the "Xinhua-Haiken China Natural Rubber Serial Price Indexes", consisting of four indexes, mark the first of its kind linking the production and the marketing of rubber in China.

Moreover, the two sides will jointly explore the construction of natural rubber, pepper and areca-nut industrial ecosystem, integrate social and industrial resources, and build high-end platform for industrial innovation, strategic research and dialogue.

CEIS, as one of the largest economic information providers in China, boasts five national-level platforms including Xinhua Finance, Xinhua Silkroad, Xinhua Credit, Shanghai Petroleum and Natural Gas Exchange (SHPGX), and Xinhua Think Tank. Since its restructuring in April 2016, CEIS has launched a series of products with widespread impact.

Haiken Group, a solely state-owned enterprise by the People's Government of Hainan Province, boasts a sound industrial base of natural rubber, tropical agriculture, livestock breeding, tourism real estate, trade logistics and financial service.

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