The Shanghai Stock Exchange released a message on the evening of June 19 this year that the Shanghai Stock Exchange and China Securities Index Co. would release a 50-group index, and the TechCrunch 50 would be officially logged onto the Shanghai Stock Exchange on July 22nd.
Kechuang 50 index, referred to as Kechuang 50, code 000688, as the name suggests, Kechuang 50 index is composed of 50 stocks, from the Shanghai Stock Exchange released the list of sample stocks, Kechuang 50 by the Jinshan Office, China Tongxiang, Huaxing Yuanchuang, Ruichuang micro-nano and so on 50 Kechuang board stocks. The index compilation involves the sample space, sample screening, weighting method, sample adjustment, etc. In addition, the compilation needs to be combined with the international practice as well as the actual situation of the science and innovation board market.
The following are the characteristics of the KEB50 index:
1. Fully representative, as of the end of May this year, the total market capitalization of the sample of the KEB50 reached 1.6 trillion yuan, with a coverage rate of about 61%, and the operating revenues, expenses, net profit attributable to shareholders of the parent company, as well as the net cash flow from operating activities also exceeded sixty percent.
2, industry characteristics are distinctive, Science and Innovation Board listed companies are mainly high-tech enterprises, in the 50 samples concentrated in biomedical, new generation of information technology, high-end equipment and other strategic emerging industries, with obvious industry characteristics.
3, outstanding science and innovation-oriented attributes, the average R & D expenditure of the sample companies in the Sci-Tech 50 is very high, reaching 13% of operating income, and the high proportion of R & D investment can play a driving role for the increase in business. In 2019, the year-on-year growth rate of operating income was 13.4%, and the year-on-year growth rate of net profit reached 28.8%, and there are four other companies with a year-on-year growth rate of operating income of more than 50%, twelve companies with a year-on-year growth rate of 30%-50%, and ten with a growth rate of 20%-30%.
According to SSE's statement, as the number of companies listed on the KTB increases in the future, the index will include more KTB-listed companies with good representativeness and high market influence.
The KTB stock trading has a certain capital threshold requirement for investors, setting a threshold of more than two years of investment experience. The KTB, due to its high-tech enterprises, has higher daily stock price fluctuations and higher risks, and investors meeting the requirements can contact the securities company to open the KTB, and then they can buy and sell the KTB stocks.