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What is the difference between Shanghai Stock Exchange Fund and Shenzhen Stock Exchange Fund? What do they mean? Please elaborate.
The Shanghai Stock Exchange Fund Index was compiled and published on April 26th, 2000 to reflect the comprehensive changes in the fund market. The Chinese name of Shanghai Stock Exchange Fund Index is "Shanghai Stock Exchange Fund Index" and the English name is "SSEFUNDINDEX". The Shanghai Stock Exchange Fund Index will be released in real time through the market base, just like other indexes. The code of the Shanghai Stock Exchange Fund Index in the market base is 0000 1 1, referred to as "fund index". Officially released on June 9, 2000. Base period and base point: June 8, 2000 = 1000 index calculation: calculated by Paixu index formula, with the total amount of fund shares issued as the weight. Namely: reporting period index = (total market value of funds in reporting period/base period) × base day index; Among them, the total market value of the fund = ∑ (fund market value × total share of fund units). Sample selection criteria: all securities investment funds listed on Shanghai Stock Exchange.

The Shenzhen Stock Exchange first began to compile and publish the Shenzhen Stock Exchange Fund Index on Monday, March 1996. Its Chinese name is Shenzhen Stock Exchange Fund Index. English name: SZSEFUNDINDEX Base date:1March 199615; Benchmark index: 1000 points, and the date of compilation and release:1March 1996 18. The calculation range of the old fund index is ten old funds that can be traded directly on the exchange or online. The calculation method is the same as the constituent stock index, with the number of fund units listed directly on the exchange or online (that is, the number of circulating fund units) as the weight. With the development of funds in Shenzhen Stock Exchange, in order to reflect the overall price trend of securities investment funds and cooperate with the work of cleaning up and standardizing old funds, Shenzhen Stock Exchange decided to stop the compilation and publication of the original Shenzhen Stock Exchange fund index (code: 9904) with the old funds as samples from July 3, 2000, and at the same time launch a new fund index with the securities investment funds as samples, named Shenzhen Stock Exchange Fund Index. The fund index of Shenzhen Stock Exchange has been released in real time since July 3, 2000, with the name of "Fund Index" and the code of "399305". Base period and basis point: June 30, 2000 = 1000 index calculation: calculated by Paige's weighted comprehensive index method, and the weight is the total issuance scale of each securities investment fund. Sample selection criteria: including all securities investment funds listed on Shenzhen Stock Exchange. The newly listed securities investment funds are included in the index calculation range from the second trading day after listing.