the growth enterprise market index is 3996.

GEM index is to take the starting date as a benchmark, calculate the stock price of the day one by one according to the circulating market value of all the shares on GEM, and then compare it with the "benchmark" on the opening day.

in order to reflect the growth enterprise market more comprehensively, provide investors with more tradable index products and the subject matter of financial derivatives, promote index fund products and enrich the products in the securities market, Shenzhen Stock Exchange officially compiled and published the growth enterprise market index on June 1, 21. The compilation of this index refers to the compilation methods of Shenzhen Component Index and Shenzhen 1 Index and international practices (including total income index and pure price index). At this point, the GEM index, Shenzhen Stock Exchange Index and Small and Medium Board Index * * * together constitute the core index reflecting the operation of listed stocks in Shenzhen Stock Exchange.

Significance:

The launch of the Growth Enterprise Market Index marks that the Growth Enterprise Market has entered a new development period after its smooth start, and marks the establishment of a multi-level capital market index system.

first of all, it highlights the operational characteristics of GEM as a relatively independent market level, and enhances its influence and service capacity;

Secondly, comprehensively and objectively reflect the overall price changes and trends of GEM stocks, and provide authoritative reference indicators for investors;

Third, it provides a new target for the development of index-linked products, so that investors can invest in the Growth Enterprise Market more effectively and share the growth fruits of listed companies on the Growth Enterprise Market.

Characteristics of the index:

First of all, the sample selection of the index is mainly based on the two indicators of "market share of circulation market value" and "market share of transaction amount", which reflects the characteristics of high market share of circulation and active transactions in Shenzhen.

Secondly, the index calculation takes the "accurate value" of the "freely circulating share capital" of the sample shares as the weight, which eliminates the leverage effect caused by the share structure and makes the index performance more sensitive, accurate and true.

finally, the sample stocks of the index are adjusted once every quarter to reflect the rapid growth of the Growth Enterprise Market.

Selection criteria:

From the compilation scheme of GEM index, there are five shortlisted criteria for index sampling:

1. A shares listed and traded on GEM of Shenzhen Stock Exchange;

2. Have a certain listing date (usually three months);

3. The company has no major violations and no major problems in its financial report in the last year;

4. The company has no abnormal operation and no major losses in the last year;

5. There was no abnormal fluctuation in the stock price during the investigation period. The initial constituent stocks of the GEM index are all GEM stocks that have been included in the calculation of the Shenzhen Composite Index on the date when the index is released.

6. Before the number of index samples is less than 1, the newly listed GEM stocks will be included in the index calculation on the 11th trading day after listing; After the number of index samples reaches 1, the number of samples is locked to 1, and the sample stocks are regularly adjusted according to the regular sample adjustment rules.