The CSI Tengan Value 100 Index is an index jointly developed by Tencent, CSI Index Company and Jian Jinxin Company. It is the first domestic securities market index jointly released by Internet media and professional institutions. Investors can see the index prices through the Shanghai and Shenzhen Stock Exchange quotation systems. In addition, the CSI Tengan Value 100 Index aims to discover a combination of undervalued stocks in the market and form a "dark horse" index. The index can be used both as a fund index investment target and as a "stock pool" for ordinary investors. It is understood that Galaxy Fund Company has developed products for the index, and the company's Galaxy Fixed Investment Bao CSI Teng'an Value 100 Index-type initiated securities investment fund has been officially approved. As a stock index fund, Galaxy Fixed Investment Bao CSI Tengan Value 100 Index Fund strives to effectively track the CSI Tengan Value 100 Index.
CSI will release the CSI Tengan Value 100 Index from the 18th. The index was previously developed by Tencent and Beijing Jian Jinxin. It uses a combination of quantitative strategies and expert review to select 100 stocks of listed companies that are relatively undervalued in the market as samples, and uses an equal-weighted weighting method. Starting from the 18th, the index will be managed, maintained and operated by China Securities Index Company, and real-time market conditions will be released to the outside world through the release platform of China Securities Index Company. The index samples cover a total market value of about 1.1 trillion yuan and a free circulation market value of about 500 billion yuan. Among them, the three first-level industries of industry, discretionary consumption, and medicine and health have the highest weight, accounting for a total of 67%.