Chinese Indexes Company Launches Hang Seng Metaverse Index
May 26, 2022
A Chinese indexes firm, Hang Seng Indexes, has launched a brand new index which tracks the efficiency of metaverse-related corporations in mainland China. The index is calculated and disseminated in real-time at two-second intervals, the corporate stated.
Rising Popularity of the Metaverse
Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng Family of Indexes, lately introduced the Hang Seng China Metaverse Index launch. The new index tracks the efficiency of mainland Chinese corporations concerned in metaverse-related companies.
As defined in a statement launched by the corporate, the choice to launch the index comes towards a background of rising reputation of the metaverse as an funding theme amongst buyers.
Besides the metaverse index, Hang Seng Company Limited — a wholly-owned subsidiary of Hang Seng Bank — stated it has additionally added Oncology Index to its Megatrend Index Series. Remarking on his firm’s launch of the 2 indexes, Daniel Wong, director & chief index officer stated:
New megatrends are having an more and more important affect on our day by day lives. Our two new megatrend indexes are designed to assist buyers seize potential alternatives arising from these modern and transformative traits within the mainland China and Hong Kong inventory markets.
According to a press assertion, the 2 new indexes shall be calculated and disseminated in real-time at two-second intervals. As proven within the assertion’s appendix, the highest ten constituent corporations within the Hang Seng China Metaverse Index embrace China’s multinational know-how and leisure conglomerate Tencent Holdings and Baidu Inc.
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