Citic, BBVA set to launch equity resources index

An environmental unit of Citic Group has signed a deal with Spain’s second biggest bank BBVA to create and market products based on the Rogers Global Resources Equity Index (RGREI). Citic Carbon Assets Management, a platform created last May to spur development of low-carbon industries and investment in China, and Banco Bilbao Vizcaya Argentaria (BBVA) will jointly launch the RGREI index on February 28. BBVA, which owns 15% of China Citic Bank and 30% of Citic Bank International, is a…