From TokenPost · · 50s
ChiNext Index Phases In 15% Stock Cap
Shenzhen Stock Exchange lowers single stock weight limit to 15% in phased approach.
In brief
Shenzhen Stock Exchange lowers single stock weight limit to 15% in phased approach. Shenzhen Stock Exchange will gradually cap any single stock's weight in ChiNext Index at 15% starting Dec 14. Originally reported by TokenPost.
ChiNext Index Revision
The Shenzhen Stock Exchange will phase in a revised methodology for the ChiNext Index that gradually lowers the maximum weight of any single constituent stock to 15%.
Phase-In Timeline
The revision is scheduled to take effect at the index’s regular adjustment on Dec. 14. Once the phase-in is complete, no single stock will account for more than 15% of the index’s weight.
Foreign Reserves Update
China’s foreign-exchange reserves totaled $3.4052 trillion at the end of October, up $4.9 billion, or 0.14%, from September. Gold reserves rose to 78.3 million ounces from 77.47 million.
The short version
Shenzhen Stock Exchange will gradually cap any single stock's weight in ChiNext Index at 15% starting Dec 14.
