There are two independent stock exchanges operating in mainland China and one of them is the Shenzhen Stock Exchange (SSE). The SSE announced on December 24 about the launching of an index to track the performance of 50 blockchain companies.

SSE maintained that the index is on the basis of the stocks of 50 companies within the blockchain industry listed on the exchange.

They ranked the leading 50 stocks related to blockchain on the basis of their average daily market value within the previous six months. The update of the index comes up twice every year(2nd Friday of June and December).

Prior to the creation of the index, the SSE ensured that the concerned firms are truly utilizing the technology, instead of taking advantage of the hype.

Last year, Lifesense’s trading was suspended by the SSE while it investigated the company and its claims about blockchain utilization. The share price of a firm surged by 10 percent,thereby attaining the daily limit of the SSE after it announced the launch of a “blockchain laboratory.”

As seen on TradingHours website, the market cap of the SSE is 3.12 trillion USD. This makes it number four biggest stock exchange in Asia and number eight worldwide.

One of the recent activities of leading exchanges is the listing of indexes tracking blockchain and companies related to crypto. Two months ago, Cointelegraph reported the listing of AI-powered CIX100 index by Nasdaq. Likewise, three months ago, Nasdaq listed a blockchain decentralized finance index known as Defix.

Featured image courtesy of Wikipedia.