Shenzhen Stock Exchange Launches Blockchain 50 Index

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The Shenzhen Stock Exchange (SSE) has launched a new index to cover blockchain-related stocks.

SSE recently announced that in order to reflect the performance of the blockchain sector amongst Shenzhen-listed stocks as well as to diversify index-based investment tools, it had developed the SSE Blockchain 50 Index (深证区块链50指数) for launch on 24 December 2019.

The SSE Blockchain 50 Index is comprised of Shenzhen-listed companies involved at all stages of the blockchain sector, taking the top 50 companies in terms of average daily market capitalisation for the past six months.

The index adopts free-float market capitalisation weighting, and the sample stocks will be adjusted on the trading day immediately following the second Friday of June and December each year.

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