Shanghai exchange to start new index tracking next generation IT

A gentleman carrying a mask walks by the Shanghai Stock Trade setting up at the

A gentleman carrying a mask walks by the Shanghai Stock Trade setting up at the Pudong fiscal district in Shanghai, China, February 3, 2020. REUTERS/Aly Track/File Photograph

SHANGHAI, July 22 (Reuters) – Shanghai Stock Trade will start a new index to observe 50 significant stated organizations from tech-targeted STAR board that interact in future technology facts technological know-how, the trade explained on Thursday, in a move echoing Beijing’s dedication to progress its tech sector.

SSE STAR Following Technology Details Engineering Index will be released by the Shanghai exchange and China Securities Index Co Ltd on Aug. 16, the bourse said in a statement printed on the site.

“The index is to measure the functionality of upcoming era info technologies business of STAR market,” it reported.

The selected 50 businesses would address a range of regions, these kinds of as internet and cloud computing, massive data products and services and artificial intelligence, in accordance to the assertion.

China explained in its once-a-year do the job report produced previously this 12 months that it would boost its yearly analysis and progress spending by more than 7% every yr around the next five many years. read much more

Reporting by Winni Zhou and Andrew Galbraith
Editing by Tomasz Janowski

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