Author: Huang Lingling
Source: China Securities Journal
The blockchain sector is welcome again. Earlier today, the Shenzhen Stock Exchange released the first blockchain index in the two cities, the Blockchain 50 Index.
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The Shenzhen Stock Exchange Blockchain 50 Index is based on companies listed in the Shenzhen Stock Exchange, whose business areas involve the upstream, middle, and downstream of the blockchain industry. The stocks constitute sample stocks.
On the first day of publication, the Blockchain 50 Index performed strongly. As of noon, the index rose 0.63% to 3,318.68 points. The average increase of constituent stocks during the year was 50.65%, and the Shanghai and Shenzhen 300 Index rose 32.19% during the same period. Jinyi Technology, the most powerful stock in the sector, rose 309.95% during the year.
Data source: Wind
Shenzhen Stock Exchange launches Shenzhen Stock Exchange 50 Index
Shenzhen Stock Exchange December 24 news, in order to reflect the performance of the blockchain industry related companies in the Shenzhen stock market, to provide investors with a richer indexed investment tools, the Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. are scheduled for December 2019 The Shenzhen Stock Exchange 50 Index was released on the 24th.
Picture source: Shenzhen Stock Exchange's official website
The code of the SZSE Blockchain 50 Index is 399286, referred to as "Blockchain 50" for short, and the base date of the index is December 31, 2012.
The SZSE Blockchain 50 Index is weighted by free market capitalization, and the sample stocks are regularly adjusted on the next trading day on the second Friday of June and December each year.
The above indexes all include pure price index and full return index. Pure price index releases real-time market data through the Shenzhen Stock Exchange market system, and full income index releases closing market data through the China Securities Index Network.
Which constituent stocks are selected
The index compilation plan of the China Securities Index shows that the sample space for "Blockchain 50" is all A shares listed and traded on the Shenzhen Stock Exchange that meet the following conditions:
2. The listing time is more than six months;
3. The company has no major violations in the past year, and no major problems in its financial report;
4. The company has had no abnormal operations and no major losses in the last year;
5. The stock price did not fluctuate abnormally during the inspection period;
6. The company's business area involves the upstream, mid-stream and downstream of the blockchain industry, including hardware equipment, technology and services, and the use of blockchain.
Among the constituent stocks selected in the Blockchain 50 Index, there are no shortage of outstanding leading stocks, such as Midea Group, Ping An Bank, SF Holdings, Oriental Fortune; at the same time, there are also some emerging forces, such as Jinyi Technology, Sifang Jingchuang, Gao Weida and so on.
Data source: China Securities Index official website
Bright performance after launch
On the first day of the release of Blockchain 50, the performance in the early morning was dazzling. At the close of noon, the index rose 0.63% to 3138.68 points. The Shanghai Composite Index rose 0.25% in early trading.
Within the sector, many stocks rose significantly in the morning, such as Leo shares rose 9.06%, Zhongqingbao rose 3.95%, and Yuanguang Software rose 4.35%.
It is worth noting that a number of stocks in this sector have risen amazingly during the year. There are 8 stocks that have risen more than 100%, including Jinyi Technology, Dongfangtong, Sifang Jingchuang, Flush, Kelan Software, Monternet, Beixinyuan, and Highlight Software. Jinyi Technology led the way with a 309.95% increase.
Year-to-date, there are 20 stocks that have increased by more than 50%, accounting for 40% of the 50 blocks in the blockchain.
Blockchain applications may land next year
What does it mean for Shenzhen to release the Shenzhen Stock Exchange 50 Index?
Zhu Youping, deputy director of the China Economic Network Management Center of the National Information Center, pointed out that the blockchain 50 index has an indicator light. Blockchain empowers the real economy and is of great significance for accelerating digital transformation, realizing the transformation of the growth model of the industrial era into the growth model of the digital era, and starting new economic growth.
In addition to the stocks selected for the constituent stocks, what other target or segment areas in the blockchain sector are worth paying attention to?
Guohai Securities' computer team pointed out that the blockchain has the basis for large-scale applications in both technology and supervision. At present, the blockchain has seen many experimental applications in the fields of gaming, medical, Internet of things, logistics, and authentication. Case, it is expected that 2020 will be a year of centralized landing of blockchain applications, and the alliance chain will be the main landing method.
In terms of technology, the blockchain technology has been continuously improved. The traditional problems of small scale and low efficiency have been partially resolved. The blockchain has matured in terms of performance, ease of use, and operability, and can support large-scale commercial applications; In terms of supervision, blockchain laws and regulations and the regulatory system are gradually improved. Blockchain filing is conducive to the overall development of the blockchain industry. It is a standardized first step in blockchain technology. More and more companies can Formally apply. We are optimistic that blockchain will be the first to be implemented in applications such as supply chain finance, copyright protection, legal deposit, and energy trading, and we are optimistic about having independent and controllable blockchain service providers.
Guosheng Blockchain Research Institute pointed out that looking forward to 2020, it is expected that the public chain track will continue to be transformed, cleared, and integrated with the application or alliance chain; the application of the blockchain will be integrated with the cloud and AIoT to explore new business models ; Bitcoin block rewards will be halved, mining will be impacted, and the competitive landscape is likely to change; the Chinese government will explore blockchain applications in depth and introduce relevant standards; the United States may release Libra.
In terms of technology, capacity expansion, trusted computing, and integration with 5G and AIoT continue to attract attention. Some more detailed improvements to consensus algorithms, including sharding, Lightning Network, and VRF new consensus algorithms, have received much attention from the community and industry. Trusted computing can be understood as the secure calculation and processing of data under the premise of protecting data privacy. Its combination with blockchain is expected to change the Internet business model. When it comes to offline scenario applications, the blockchain must be combined with technologies such as AI, the Internet of Things, and 5G.