On 23 july, the real-time appearance of the chinese stock market was officially seen in the fresh-out s. S. 50 index (hereinafter referred to as the s. 50 index). On the same day, the 50-point index opened at 1487. 20 points, reaching a maximum of 1512. 47 points and a minimum of 1459. 73 points, at 1494. 14 points, and successfully completed its first day show in the chinese stock market。
The s 50 index consists of 50 securities of high market value and high liquidity in the shanghai stock exchange section, reflecting the overall performance of the most representative group of enterprises. The index is based on 31 december 2019 and 1,000 points。
Why did they introduce a 50-score index at this time? On the one hand, 22 july this year marks the first anniversary of the listing of the first companies to be listed. Over the past year, as china’s capital market’s tailor-made top-level design for entrepreneurship and innovation enterprises in science and technology, science and technology have emerged, providing easy access to capital for start-up and innovation enterprises that are moving forward on sti avenue。
Because of the science board, a large number of sti enterprises feel that they are on the move, that entrepreneurship has a goal, and that these sti firms are using the landing board as a test to test whether their technology is good enough. The science board has become home to the country's best science, technology and innovation enterprises. The data show that, as of 22 july 2020, there were 140 companies listed on the board, with a total market value of over 2. 79 trillion yuan. It is conceivable that, with the growing number of successful start-ups in the back city, the volume of science and technology innovation will also increase。
On the other hand, the introduction of a 50-degree index will meet the investment needs of domestic and foreign institutional investors. We know that with the growing number of institutional investors in deep stock markets, there is a growing demand for index investment varieties. In the case of the 50 etf, which is now known to you, the daily amount is around $2 billion. On the international financial market, the amount of investment in the index portfolio per day is as high as hundreds of billions of dollars. Indexed investment has become a niche for domestic and foreign institutional investors. Against this background, the introduction of the s. 50 index, through which the investment section has created a 50 index to avoid falling into the awkward situation of a sharp drop in individual shares, and the relatively stable average return on investment, is an urgent requirement for all domestic and foreign institutional investors. In the first half of this year, new domestic funds were released in such a way that many of them were sold out on a day-to-day basis, starting with more than $10 billion. Many of these new development funds can generate stable investment returns for the population through the investment section's 50-indexed return。
More crucially, the introduction of a 50-in-time scenario is a key step towards creating a new culture of investment in china’s capital markets, as well as a new direction for small and medium-sized domestic investors to invest in science and technology enterprises. At present, china’s listed companies are at a critical juncture in achieving efficiency and development in science, technology and innovation. By creating 50 indicators, listed companies engaged in traditional industries can see the gap between themselves and the company, thereby pooling their human, material and financial resources into scientific and technological research and development, thus completing the perfect leap from the traditional medium- and low-end products to the products of science, technology and innovation, and opening up new spaces for enterprise development. For a large number of small and medium-sized investors, it is also desirable to share the results of domestic science and technology entrepreneurship and innovation enterprises by participating in a 50-index investment, at a time when they have been unable to complete their science, technology and innovation industries with their own modest means。
As the real-time roll-out of the 50 index has been made, a revised version of the cpi has been introduced. This is the first revision to take place 29 years after the launch of the consolidated index. As part of the revision of the cpi, csis have been added to the cif, increasing the percentage of companies listed in the cpi with new and creative industries, so that the cpi better reflects changes in the municipal structure. This step-by-step index is new and old, reflecting the increasing share of investment in stis and the time that has come for the creation of the investment boards。
