The Market Performance of ZLCs in 2017

Abstract

In order to better reflect the performance of ZLCs, the ZLCA and the Shenzhen Stock Exchange jointly developed the Zhongguancun Stock Index in early 2014. The index, whose compiling plan is internationally compatible, is designed to be a benchmark index that represents the level of innovation in China’s science and technology sector. Though mainly including A-share listed companies for the present, the index will trace overseas listed companies in the future. The ZLCA is expected to develop more indexes related to Zhongguancun and ZLCs. The Zhongguancun Stock Index is currently made up of the Zhongguancun A-share Composite Index (Z-Park A-share Index) and the Zhongguancun 50 index (Z-Park 50 Index), which were officially released on February, 2015, and the SZSE Zhongguancun Non-SOE 60 Index (Z-Park 60 Index), which debuted on January 10, 2017. The three indexes all take December 31, 2008 as the base date and 1000 point as the base value. The Z-Park A-Share Index traces all A-share listed companies registered in the Z-Park. It is a comprehensive index reflecting the overall performance of ZLCs. The Z-Park 50 Index reflects market performance of ZLCs with large market capitalisation and good liquidity, highlighting their investment value. The Z-Park 60 Index takes Z-Park registered private enterprises which listed in Shenzhen Market as sample space, offering a scale plate for the performance of these companies.