China Stock Exchange Launches Blockchain Companies Index

China Technology Capital Stock Exchange - Shenzhen Stock Exchange (SSE) - issued an index, tracking the performance of 50 blockchain companies.

December 24th SSE Announces SSE IndexBlockchain 50, which tracks the activities of blockchain companies. The new indexed investment instrument is based on the market value of free floatable and publicly traded stocks.

Companies are ranked using a net indexprice and full return index. Before launching the new tool, SSE initiated a check on the real use of blockchain technology by companies, screening out companies using blockchain exclusively for advertising purposes.

The fourth largest stock exchange in Asia, with a market capitalization of $ 3.12 trillion, will update the blockchain companies index twice a year, in June and December.

Recall that recently, the Chinese authorities confiscated about 7,000 ASIC miners illegally consuming electricity.