Shanghai unveils new Star index

The Shanghai Stock Exchange will launch a new index next month to track the performance of its Sci-Tech innovation board.

Known as the Star 200 Index, the index due to debut on August 20 is composed of 200 stocks of small market capitalization and "good" liquidity, the SSE said.

The bourse operator said it will provide the market a "multi-dimensional investment underlying and performance base."

The index components will exclude stocks already in the Star 50 and Star 100.

The components will be reviewed seasonally in March, June, September and December in accordance with the Star 200 Indices Methodology.

The Star series consists of the Star 50, Star 100 and Star 200 reflecting on the overall securities performance of listed companies of varying scales and market capitalization, the SSE said.

Nancy Li