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
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
LATEST
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
China’s DJI and Arashi Vision Escalate Battle for 360-Camera Market
Didi Swings to Quarterly Profit, but Overseas Push Weighs on First-Half Results
Z.AI Pushes AI Model With Coding Edge to Rival Anthropic, Open AI
DeepSeek Launches V4-Pro and Raises API Prices by as Much as 1,100%
Tencent Shares Fall as AI Spending Squeezes Profit
Honor’s New Smartphone Doubles as a Robotic Camera Operator
YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market
ModelBest Begins Pre-IPO Tutoring as On-Device AI Competition Heats Up
U.S. Proposes Ban on Domestic Drone Maker Over Alleged DJI Ties
Manus Cuts Ties With Meta as Tencent Emerges as Top Backer
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut
ByteDance Accepts AI Gap, Sticks With In-House Models
MiniMax Shares Surge After Joining Hong Kong Stock Connect
Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars
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