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China Daily / 2020-06 / 20 / Page005

STAR Market gets boost with 50-stock index

By ZHOU LANXU in Beijing and SHI JING in Shanghai | China Daily | Updated: 2020-06-20 00:00

Shanghai exchange plans steps to attract more participants to the sci-tech board

China has stepped up efforts to bolster the development of Shanghai's STAR Market with the planned release of an index tracking the key stocks on the sci-tech board next month, analysts said on Friday.

The Shanghai Stock Exchange said the new index will track the 50 major stocks on the STAR Market, or the science and technology innovation board, from July 23. It will help the investors have a better perception about market performance and offer new investment targets, said an SSE statement.

Analysts said the move represents a major milestone in the STAR Markets development, and signaled that more breakthroughs are on the horizon to refine market rules and boost technological innovation.

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