Shenzhen Stock Exchange releases “Blockchain 50 Index” · TechNode

Shenzhen Stock Exchange releases “Blockchain 50 Index” · TechNode

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25. December 2019. by adminBTC
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1 min learn Shenzhen Inventory Change (SZSE) has launched a brand new index referred to as “Blockchain 50 Index.” That is a part of a bid to supply extra index-based devices for buyers, in line with the alternate’s official announcement. The index displays the efficiency of listed firms concerned within the blockchain business. Firms chosen
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1 min learn

Shenzhen Inventory Change (SZSE) has launched a brand new index referred to as “Blockchain 50 Index.” That is a part of a bid to supply extra index-based devices for buyers, in line with the alternate’s official announcement. The index displays the efficiency of listed firms concerned within the blockchain business. Firms chosen to type the pattern inventory embody Ping An Financial institution, S.F. Holding, Visible China Group, and Midea Group.

Why it issues: Optimism sparked by President Xi Jinping’s latest remarks on the importance of blockchain improvement has prompted a slew of Chinese language firms to interact in blockchain and digital currency-related companies. The transfer is a sign that blockchain is changing into extra mainstream in China.

Particulars: The “Blockchain 50 Index” is compiled to replicate the efficiency of firms concerned within the blockchain business within the Shenzhen inventory market and to supply extra index-based devices to buyers, the bourse mentioned.

  • The brand new index was collectively launched on Tuesday by SZSE and its subsidiary Shenzhen Securities Data.
  • The index samples Shenzhen-listed firms which might be concerned within the higher, center, and decrease streams of the blockchain business together with {hardware} tools, expertise and providers, and different functions.
  • The high 50 firms that type the pattern inventory had been picked in line with the common day by day market worth through the newest six-month interval.
  • The index is capitalization-weighted, which means it’s weighted in line with the whole market worth of the corporate’s excellent shares. The index might be recurrently adjusted on the following buying and selling day of the second Friday of June and December.

Context: Authorities-led efforts in Shenzhen have been rolling into motion up to now 12 months.

  • In August, the federal government included the analysis and promotion of digital cash and central-bank backed digital forex within the newly launched guideline for the Shenzhen Particular Financial Zone.



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