Kinbou Zhang

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    • Kinbou ZhangKinbou Zhang
      ·2025-08-28
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      Understanding China ’Nasdaq’ - ChiNext Index

      @Binni Ong
      The $ChiNext(399006)$ , operated by the Shenzhen Stock Exchange, is designed to support innovative and fast-growing companies. It focuses on industries such as technology, healthcare, advanced manufacturing, and other innovation-driven sectors, similar to how Nasdaq supports growth enterprises. The index composition highlights this focus: industrials (35.23%), information technology (25.27%), and healthcare (11.76%) form the core of its exposure. As of 7 July 2025, the ChiNext Index trades at a price-to-book (P/B) ratio of 3.86, which is higher than HSTECH (2.57), STI (1.3), and CSI 300 (1.6), reflecting higher growth expectations for its listed companies. The top 10 constituents of the ChiNext Index account for a significant portion of its perf
      Understanding China ’Nasdaq’ - ChiNext Index
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