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Shenzhen Stock Exchange (SZSE) and Shenzhen Securities Information Co., Ltd. (SSIC) announced that SZSE Releases Innovation Index Series would be released on December 1, 2016. The series includes SZSE Innovation Index (code: 399016), SME Innovation Index (code: 399017) and ChiNext Innovation Index (code: 399018).
Sample stocks of each index are the top 100 companies featuring innovative development ability who are respectively selected from Shenzhen market, SME and ChiNext boards, according to the index formulation plan. The innovative development ability is comprehensively assessed based on six indicators (high-tech enterprise qualifications, R&D personnel scale, R&D investment ratio, comprehensive patent evaluation index, return on equity and growth rate of operating revenue) in three dimensions of innovation resources, input and performance. And the indexes are calculated by means of equal weight.
It can be seen from the list of sample stocks that among the 100 sample units of SZSE Innovation Index, 10 units are from the main board, 43 from SME aboard and 47 from ChiNext board, assembling outstanding innovative enterprises including ZTE, Midea Group, BYD, Hikvision, iFLYTEK and ChinaNetCenter.
Data indicates that from 2013 to the end of this October, the accumulated revenue of the three indexes is 224%, 183% and 331% respectively, which tells favorable growth of innovative enterprises. By the end of this October, the respective free flow market value of the three indexes is RMB 1139.5 billion, RMB 860.8 billion and RMB 713.3 billion.
Capital market is an important carrier for implementing innovation-driven development strategies while SZSE is the main listing place for our growth and innovative enterprises. Currently, among the SZSE-listed companies, 70% of them are high-tech enterprises whose market value accounts for 64%. Launching the SZSE Innovation Index Series is favorable to reflect the overall market performance of innovative enterprises and helps guide the listed companies to grow through innovative development, which facilitates the further implementation of China's innovation-driven strategies.
