On October 26, SZSE, together with its wholly-owned subsidiary, Shenzhen Securities Information Co., Ltd. (SSIC), released the ChiNext Technology Index (“ChiNext Technology” for short, Index Code: 399276) and ChiNext Pharmaceutical Index (“ChiNext Pharmaceutical” for short, Index Code: 399275), in a bid to further enrich index investing tools for the ChiNext market.

With 11 years of development, the ChiNext Board has become an important market that supports innovation and entrepreneurship around the world. With the steady implementation of the reform of the ChiNext Board and the pilot project of the registration-based IPO system, the ChiNext Board is witnessing the listing of a greater number of high-quality new economy enterprises. Boasting distinctive industry features and significant advantages in information technology,pharmaceutical and health and other sectors, the ChiNext market has developed an agglomeration effect. As at the end of September 2020, the total market cap value of the high-tech firms on the ChiNext Board exceeded RMB5 trillion, and that of the medical companies exceeded RMB2 trillion.

We select 50 stocks of ChiNext firms with high R&D investment, well-performed fundamentals and sound liquidity as samples of the ChiNext Technology, and 50 pharmaceutical and health stocks with high market cap and good liquidity as samples of the ChiNext Pharmaceutical. The two indices have been operating well.

Calculated from the end of 2012 to the end of September 2020, total return of the ChiNext Technology reached 459%, and that of the ChiNext Pharmaceutical hit 495%.

According to an SZSE official, the released ChiNext Technology and Pharmaceutical indices contribute to better reflecting the development results of advantageous industries on the ChiNext Board and provide high-quality investment targets for the sharing of ChiNext Board’s growth dividends. By thoroughly studying and putting into practice the guiding principles of General Secretary Xi Jinping’s important speech made at the gathering to celebrate the 40th anniversary of the establishment of the Shenzhen Special Economic Zone, SZSE will put in place the concept of building Shenzhen into a pilot zone in all the reform and development tasks, and adhere to the ChiNext Board positioning of serving companies of innovative, creativity and originality, and traditional conventional industries that are deeply integrated with new technologies new industries, new business formats, and new models. In addition, we will move faster to improve index preparation and relevant work, enrich the characteristic indices of the ChiNext market, and strengthen the development of the ChiNext index product system. We will also guide medium and long-term fund flows towards high-quality assets, enhance the wealth effect of investment, and promote the high-level circulation of technology, capital and real economy. By doing so, we could better serve the development of the Guangdong-Hong Kong-Macao Greater Bay Area and build Shenzhen into a pilot demonstration zone.