The indexes recently introduced at the Shanghai Stock Exchange mark another step forward for China in indexing investment, and address the central regulator’s call to nurture long-term investment, said experts and market mavens.
On Tuesday, the SSE launched the China Ocean Economy Stock Price Index, the first of its kind in the country, aiming to make it a timely reflector of the development of China’s ocean economy from the capital market’s perspective and direct more financial resources to ocean-related sectors.
The new index covers 213 ocean-related companies listed on the stock exchanges in Shanghai, Shenzhen, Beijing and Hong Kong. With the base date set at Dec 31, 2012, the annualized return of the index is estimated at around 7.5 percent as of Monday, according to the SSE.
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