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Shanghai exchange to launch new index tracking next generation IT

SHANGHAI (Reuters) - Shanghai Stock Exchange will launch a new index to track 50 major listed companies from tech-focused STAR board that engage in next generation information...
Shanghai exchange to launch new index tracking next generation IT © Reuters. FILE PHOTO: A man wearing a mask walks by the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, February 3, 2020. REUTERS/Aly Song/File Photo

SHANGHAI (Reuters) - Shanghai Stock Exchange will launch a new index to track 50 major listed companies from tech-focused STAR board that engage in next generation information technology, the exchange said on Thursday, in a move echoing Beijing's commitment to advance its tech sector.

SSE (LON:SSE) STAR Next Generation Information Technology Index will be introduced by the Shanghai exchange and China Securities Index Co Ltd on Aug. 16, the bourse said in a statement published on the website.

"The index is to measure the performance of next generation information technology industry of STAR market," it said.

The selected 50 companies would cover a range of areas, such as internet and cloud computing, big data services and artificial intelligence, according to the statement.

China said in its annual work report released earlier this year that it would increase its annual research and development spending by more than 7% each year over the next five years.

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28-03-2024 19:21:24 (UTC+7)

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 EUR/USD1.0787↑ Sell
 GBP/USD1.2622Neutral
 USD/JPY151.31↑ Sell
 AUD/USD0.6492Neutral
 USD/CAD1.3591↑ Sell
 EUR/JPY163.16↑ Sell
 EUR/CHF0.9768Buy
 Gold2,234.20Neutral
 Silver24.718Neutral
 Copper3.9928↑ Sell
 Crude Oil WTI82.60↑ Buy
 Brent Oil86.50↑ Buy
 Natural Gas1.716↑ Buy
 US Coffee C188.73↑ Sell
 Euro Stoxx 505,092.55Buy
 S&P 5005,248.49↑ Buy
 DAX18,491.85↑ Sell
 FTSE 1007,952.57↑ Buy
 Hang Seng16,541.42Neutral
 Small Cap 20002,114.35↑ Buy
 IBEX 3511,102.77↑ Buy
 BASF53.010↑ Buy
 Bayer28.45Buy
 Allianz277.05↑ Sell
 Adidas206.48↑ Buy
 Lufthansa7.252↑ Sell
 Siemens AG176.57↑ Sell
 Deutsche Bank AG14.658Neutral
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Cập nhật 28-03-2024 19:21:26
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Cập nhật lúc 18:53:18 28/03/2024
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