Three new stock indices, including two based on specific industries and one meant as a sub-index of the CSI 500 Index, are slated to be launched on November 8, China Securities Index Co., Ltd. (CSI) said Sunday.

The CSI TMT Industries Index was designed to track companies in the technology, media and telecommunications (TMT) industries, while the CSI Resource 80 Index will reflect the performance of the resource sector, the CSI said on its website.

The company picked 100 large-scale companies with sufficient liquidity in the TMT industries as samples for the CSI TMT Industries Index, and selected 80 large companies from the oil, coal, metal (excluding iron and steel), chemical, farming and forestry sectors to form the CSI Resource 80 Index.

Stocks under the CSI TMT Industries Index, totaling 904.4 billion yuan ($141.78 billion), accounted for 3.79 percent of the total market value on the Shanghai and Shenzhen bourses, the CSI said.

Stocks under the CSI Resource 80 Index, valued at around 4.44 trillion yuan, made up 18.59 percent of the value on the two stock exchanges, it said.

Meanwhile, the CSI 500 SSE Stocks Index will be introduced to highlight Shanghai-listed companies among all the 500 sample stocks of the CSI 500 Index, the company said.

The Shanghai bourse is the bigger of China's two stock exchanges.

Stocks under this sub-index are worth about 1.70 trillion yuan and make up 53.71 percent of the CSI 500 Index in terms of market value.

The CSI TMT Industries Index was set at 1,000 on the base date of June 30, 2011, while the other two were set on the base date of December 31, 2004, with the base index set at 1,000 as well, the CSI said.

The indices will serve as new investable benchmarks once introduced, it said.

Some Chinese fund companies have planned to develop products related to the CSI Resource 80 and the CSI 500 SSE Stocks Indices.

As a joint venture of the Shanghai and Shenzhen Stock Exchanges, the CSI specializes in creating and managing indices and index-related services.

(Xinhua News Agency October 16, 2011)