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December 1, 2020

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Major indexes set to include STAR shares

A number of stocks listed on the SSE STAR Market will be included in the major indexes for A-shares from December 14.

In response to the securities market development, and after listening to market opinion and deliberations by the Index Advisory Committee, the Shanghai Stock Exchange and China Securities Index Co have decided to include SSE STAR securities which have been listed for more than a year into some component indexes such as the SSE 180 Index and CSI 300 Index, it was announced on Friday.

This rule adjustment will be implemented in the next index periodical review on December 14.

The SSE STAR Market, which has been operating for more than a year, has become an important part of China’s capital market, where companies with different voting right structures, unprofitable companies and depository receipts issued by red-chip enterprises have the opportunity to go public, the exchange said.

Meanwhile, the STAR 50 Index has been running smoothly for more than a quarter and is widely recognized by the market, the exchange noted. “Aiming to further enhance the influence of the STAR Market, introduce more medium and long-term funds, and provide investment channels for small and medium-sized investors, the inclusion of STAR shares into the component indexes is imperative.”


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