(June 22 – 10:50 ET) – Huading Financial Network Corp., a mainland China financial Internet portal company, today announced the launch of the Huading index. The index measures a pool of high-tech stocks on both of mainland China’s stock markets.
China’s two stock exchanges, Shanghai and the Shenzhen, each have separate indexes. Until recently, there hasn’t been a single index that measures the two stock markets as a whole. The new index tracks 33 key high-tech stocks from both markets.
To create the index, parent company Huading Financial Information Holdings Co. Ltd. invited a group of well-known experts in China and Hong Kong for their input. The group focused on company selection, benchmarks and developing methodology for continuous evaluation.
During the trial period of Jan. 3 to May 31, the index has received wide recognition in China. It is broadcast through 140 TV stations and published in 69 newspapers throughout China, as well as presented on the Huading website www.chinahd.com in real time.
-IE Staff