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Is the index fund going up or down according to the Shanghai Stock Exchange Index or Shenzhen Stock Exchange Index?
Different index funds track different indexes, including Shanghai Stock Exchange, Shenzhen Stock Exchange and Shanghai Composite Index.

For example:

SSE 50 Index: Huaxia SSE 50

On SSE 180: Huaan 180

Shenzhen Stock Exchange 100: Rongtong 100, Yijishen 100.

Shanghai and Shenzhen 300: Jiashi 300, Dacheng 300 and Guotai 300.

Other indicators include:

Yin Hua 88- Dow Jones China 88 Index is an index compiled by Dow Jones Company, a global index compiling organization, for Chinese mainland stock market on 1996. It adopts the same strict standards as the Dow Jones Global Stock Index, and consists of 88 stocks with the largest free-floating market value and the strongest trading liquidity in the Dow Jones China Index.

Huaan China A-share: MSCI Barra launched the China A-share market index according to the global value and growth index compilation method of MSCI standard. The MSCI China A-share index aims at 65% representation of all industry groups (the number of constituent stocks is not fixed). The top 25 A-share stocks will be automatically included in MSCI China A-share index.