China launches new index of blockchain-linked companies  

Xinhua, JD.com to provide heat map of firms using distributed ledgers

by Xu Jiangshan Wang Xiaohan
China launches 
Photo: Needpix

(ATF) – China has created another index linked to companies that use blockchain technology.

The Xinhua Jingdong Blockchain Index (989002) was officially released on Monday, jointly compiled by Xinhua Finance and Digital Technology Group of JD.com. 

By using JD.com's mathematical AI technology, the index takes the blockchain heat value as the key index to select the listed companies related to the distributed ledger technology (DLT) industry.

The Shenzhen Stock Exchange launched an index tracking the performance of 50 blockchain firms last year.

The compilers said the system has low market attention, promotes less speculation and better reflects the investment value of the companies linked to DLT.

The index is managed and maintained by Xinhua Index (Beijing). Its base date is August 31, 2016, with a base point of 1000.