Ministry of Natural Resources and SSE Release the "China Ocean Economy Stock Price Index"
On July 23, the Ministry of Natural Resources and the Shanghai Stock Exchange jointly launched the "China Ocean Economy Stock Price Index". Attendees of the launching ceremony include Sun Shuxian, Vice Minister of the Ministry of Natural Resources and Director General of the State Oceanic Administration, Qiu Yong, Chairman of Shanghai Stock Exchange, and Zhang Xiaohong, Deputy Mayor of Shanghai.
The "China Ocean Economy Stock Price Index" (abbreviated as "Ocean Economy", code: 932056), is the first comprehensive marine index in China covering the entire market of Shanghai, Shenzhen, Beijing, and Hong Kong. It is jointly compiled by the National Marine Data and Information Service and China Securities Index Co., Ltd. The "Ocean Economy" index reflects the operating trends of listed companies in the marine sector in a timely manner, and is of great significance in setting a weather vane for China's marine economic development, guiding capital to gather in the marine economy sector, and promoting the effective allocation of financial capital in the marine real economy. The "Ocean Economy" Index takes the relevant stocks of listed companies in the Shanghai Stock Exchange, Shenzhen Stock Exchange, Beijing Stock Exchange, and Hong Kong Stock Exchange as sample stocks based on comprehensive considerations of marine attributes, industry coverage, and financial conditions. Currently, there are 213 sample stocks for the "Ocean Economy" index, involving 20 marine and related industries. According to estimates, from the base date of December 31, 2012 to July 22, 2024, the annualized yield of the index was 7.5%.
In recent years, the Shanghai Stock Exchange has actively supported marine industry enterprises in leveraging the capital market to strengthen and expand through equity and bond financing services. Under the guidance of the China Securities Regulatory Commission, the Shanghai Stock Exchange will thoroughly study and implement the principles of the Third Plenary Session of the 20th CPC Central Committee and the spirit of the Central Financial Work Conference. It will rigorously execute the new "Nine National Guidelines," adhere to the fundamental mission of financial services for the real economy, and continuously enhance the "Shanghai Index" system. The aim is to assist Shanghai in accelerating the development of its "five centers"—international centers for the economy, finance, trade, shipping, and sci-tech innovation. Special emphasis will be placed on the international financial and shipping centers to ensure that financial services better support the maritime power strategy.
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