AsianFin -- The Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. announced on Wednesday that they will launch new indices on China's Nasdaq-style Science and Technology Innovation Board, known as the STAR market, on Jan. 20 to meet growing investor demand for richer tools representing market performance.
One of the indices to be launched is the STAR Market Composite Index, which consists of all eligible securities listed on the STAR market and aims to measure the overall market performance of the companies on the market.
Another index is the STAR Market Composite Price Return Index, which aims to measure the overall market price return performance of companies listed on the STAR market, with its constituents consistent with those of the Composite Index.
With the steady increase in the number of listed companies, investor demand for indices that represent the overall performance of companies listed on the market is growing, and the index system of the STAR market has become increasingly comprehensive over recent years, according to the SSE.
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