Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Analysis: Alibaba’s New Processor Shows Applications Are Key to AI Chip Success
In Depth: Megvii Co-Founder Is Back Riding the Latest AI Wave
Beijing Humanoid Robotics Hub Raises $100 Million in First Funding Round
LATEST
Beijing Humanoid Robotics Hub Raises $100 Million in First Funding Round
Analysis: Alibaba’s New Processor Shows Applications Are Key to AI Chip Success
Aerofugia Raises Nearly $150 Million to Get Flying Taxis Certified
Alibaba Pledges $432 Million in Lunar New Year AI Subsidy War
In Depth: Megvii Co-Founder Is Back Riding the Latest AI Wave
China Fines Kuaishou Unit $3.8 Million for E-Commerce Violations
Chips Drive China’s Electronics Exports
Robots Take the Stage at China’s Spring Festival Gala
Alibaba Unveils New AI Chip to Rival Nvidia’s China Offerings
ASML Expects China Revenue Drop Following Backlog-Fueled Surge
China’s Telecom Industry Stalls as Traditional Revenue Dries Up
TikTok Outage Puts New U.S. Operations to the Test
Moonshot AI Gets More Into Agents With New Model
Texas Doubles Down on China Tech Ban, Adding AI and E-Commerce Giants
Chinese GPU-Maker Challenges Nvidia in Three-Year Development Plan
In Depth: Tencent Bets Its AI Future on 28-Year-Old From OpenAI
Alibaba Sets Sights on ChatGPT and Gemini With New AI Model
China’s AI App Developers Lure New Users With Digital Red Envelopes
StepFun Raises $717 Million, Outpacing Newly Listed AI Rivals
LandSpace Pushes Ahead With $1.1 Billion IPO as Exchange Reviews Application
Shenzhen Bourse Launches 2 New Greater Bay Area Stock Indexes

By Wei Yiyang and Han Wei / Apr 10, 2019 03:56 AM / Finance

Photo: VCG

Photo: VCG

The Shenzhen Stock Exchange launched two new indexes Tuesday to track innovative businesses in the Greater Bay Area as the central government pushes broadly to enhance financial links in the region.

The two indexes will track listed companies registered or headquartered in the Greater Bay Area, which covers nine cities of Guangdong province and the cities of Hong Kong and Macau, according to the Shenzhen bourse. The indexes will track shares traded Hong Kong, Shenzhen and Shanghai that are qualified for the stock connect program.

As part of China’s Greater Bay Area development plan, the launch of the two new indexes is aimed to reflect business performance in the region and diversify investment options, the exchange said.

The Bay Area Innovative 100 index includes 100 companies that are in emerging sectors including advanced manufacturing, services, marine business and other strategic industries. Companies listed by the index need to meet certain criteria such as market value, innovative capacity and market share.

The 10 largest stocks tracked by the index include Tencent Holdings, Ping An Insurance, Hong Kong Exchanges and Clearing Ltd. and China Merchants Bank.

The second, broader new index is the Bay Area Composite Index. Both indexes will start from a base of 1,000 and will track stock performance starting June 30, 2017.

China’s cabinet in February unveiled a detailed plan to develop the Greater Bay Area, which includes long-term goals through 2035 to build the area into a top business and innovation hub to compete with the San Francisco Bay area, Greater New York and Greater Tokyo.

Related: Who Are the Beneficiaries of China’s Greater Bay Area Plan?

Share this article
Open WeChat and scan the QR code