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Shenzhen Stock Exchange Issues The CNI Nanshan 50 Index

Date 03/01/2020

On 31 December 2019, Shenzhen Securities Information Co., Ltd., a wholly-owned subsidiary of SZSE and Nanshan Industrial and Information Technology Bureau jointly issued the CNI Nanshan 50 index (Nanshan 50 for short, code: 980023), in an effort to reflect the overall performance of SZSE-listed and HKEX-listed companies of Nanshan District, Shenzhen, demonstrate the main path of technology innovation and development in Nanshan District, create a new financial business card for Nanshan District, and better support the building of Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics. Vice Mayor of Shenzhen Wang Lixin, Chairman of Supervisory Board of SZSE Yang Zhihua, Secretary of CPC Nanshan District Committee Wang Qiang and other leaders attended the launch ceremony.

Nanshan District, as an important engine for technology innovation in Guangdong-Hong Kong-Macao Greater Bay Area and an important force for the building of the pilot demonstration area, adheres to the development strategy of “technology innovation plus headquarters economy”, which is highly aligned with SZSE’s goal of creating an “internationally leading formation center for innovation capital”. The two sides have been in close cooperation. An array of industry-leading enterprises such as Huawei, Tencent, ZTE and Mindray were born in Nanshan District, where innovative enterprises and resources of Shenzhen with the largest number and the best quality gather. Of the 152 enterprises listed in the mainland and Hong Kong, 70% are listed on SZSE. With full vitality of enterprises for growth, strong momentum of emerging industries, definite advantages in innovation-driven development and significant results in serving the real economy, a “Nanshan Sector” with distinctive features has been formed.

After a comprehensive investigation into the market value, industry representativeness, and innovation influence of enterprises in Nanshan District, Nanshan 50 selected 50 companies listed on SZSE and HKEX as sample stocks. Among the enterprises, over 65% are in such emerging industries as information technology, medicine and health, and so forth, highlighting to the full the positioning of Nanshan District as “a district strong in economy, technology and innovation”. The index is highly distinctive and investable. From the end of 2012 to the end of November 2019, Nanshan 50 achieved a cumulative income of 124%, higher than that of CSI 300 and HSI which stood respectively at 52% and 16% during the same period. The index provides a good opportunity for investors to share the fruit of regional and industrial development, which helps Shenzhen play a leading role in technology innovation and better build the pilot demonstration area.

The responsible person of SZSE said that stock index, which serves as both a barometer and a weather vane, presents the trajectory of the capital market. SZSE has always attached great importance to research, development and promotion of index. It has concerted efforts in setting up the SZSE index system with “SZSE Component Index plus SZSE 100 Index and ChiNext Index” as the core and launched a number of characteristic indices representing China’s new economy. Next, SZSE will actively promote the development of Nanshan 50 ETF products, continue to expand index and the index product system, improve its ability in serving technology innovation, lead medium- and long-term capital to invest in high-quality assets, strengthen the ties between regional economy and capital market, improve the allocation of market resources, and step up efforts to promote the high-quality development of the capital market, with a view to better supporting the building of Guangdong-Hong Kong-Macao Greater Bay Area and the pilot demonstration area of socialism with Chinese characteristics.