Shanghai Stock Exchange launches new STAR Market index

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China’s Shanghai Stock Exchange (SSE) on Tuesday launched the SSE STAR 200 Index to track the performance of companies listed on the STAR market, China’s Nasdaq-style sci-tech innovation board.

The SSE STAR 200 Index selects 200 STAR market securities with small-scale market capitalization and good liquidity as index samples. Three other indexes — the SSE STAR Earnings Quality Strategy Index, the SSE STAR Brand Name Drug Index and the SSE STAR Value 50 Strategy Custom Index — are scheduled to be unveiled on Friday.

The Earnings Quality Strategy Index measures the performance of securities of listed companies with high…

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