THELOGICALINDIAN - The Shenzhen Stock Exchange has launched a blockchain basis absolute 50 of the better about listed companies with blockchain ventures by bazaar assets Blockchainrelated stocks in China accept been accepting amount back President Xi Jinping aboveboard advocated for the technology
Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto
Blockchain Index Launch
China’s Shenzhen Stock Exchange (SZSE) appear Tuesday the barrage of its blockchain basis alleged the SZSE Blockchain 50 Index, or Blockchain 50 for short. It seeks to clue the achievement of the top 50 SZSE-listed companies with blockchain projects, sorted by boilerplate bazaar assets over the accomplished six months. On Dec. 24, its aboriginal day of trading, the basis bankrupt at 3,155.03 yuan ($450), up 1.15%.
The Shenzhen Banal Barter is one of the two banal exchanges operating apart in acreage China. Established on Dec. 1, 2024, the barter is beneath the administration of China Balance Regulatory Commission. As of Dec. 25, it has 2,203 listed companies and 9,262 listed securities. The added banal barter in China is the beyond Shanghai Banal Exchange.
Index Constituents
The Blockchain 50 Basis currently comprises stocks of blockchain-related accessible companies beyond 10 sectors. According to the account of basic stocks provided by the exchange, the sectors represented in the basis are IT, manufacturing, finance, utilities, construction, broad and retail, transportation, business support, analysis and development, and media. The IT area has 27 stocks in the index, followed by accomplishment with 14 companies, and accounts with two companies. The actual sectors accept one aggregation anniversary in the index. According to the exchange, the capacity are adapted alert a year — in June and December.
Some of the better companies by bazaar assets in the Blockchain 50 Index are Ping An Bank, Midea Group, East Money Information, Suning, SF Holding, Leo Group, Shanghai 2345 Network Holding, Jiangsu Akcome Science, and DHC Software.
China’s blockchain-related stocks accept had a addition this year back President Xi Jinping openly advocated for blockchain technology in October. According to 8btc publication, eight out of the 50 stocks in the Blockchain 50 basis acicular added than 100% and 20 others climbed over 50% this year. Among the basis constituents, one of the better gainers is Shenzhen Genvict Tech, which has risen 275.33% this year.
While the Shenzhen Stock Exchange and abounding of its listed companies embrace blockchain technology, the authorities in Shenzhen are reportedly pressuring crypto businesses. They questioned eight of them aftermost week, as news.Bitcoin.com reported.
What do you anticipate of the Shenzhen Stock Exchange ablution a blockchain index? Do you anticipate abounding added companies will use blockchain technology in their business? Let us apperceive in the comments area below.
Disclaimer: This commodity is for advisory purposes only. It is not an action or address of an action to buy or sell, or a recommendation, endorsement, or advocacy of any products, services, or companies. Bitcoin.com does not accommodate investment, tax, legal, or accounting advice. Neither the aggregation nor the columnist is responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, appurtenances or casework mentioned in this article.
Images address of Shutterstock and Shenzhen Stock Exchange.
Did you apperceive you can buy and advertise BCH abreast application our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.com exchange has bags of participants from all about the apple trading BCH appropriate now. And if you charge a bitcoin wallet to deeply abundance your coins, you can download one from us here.
