Zhuhai enterprises included in Greater Bay Area innovation index

Zhuhai industrial giants, including Gree Electric Appliances, Ninestar, By-Health, and Jafron Biomedical, were chosen to have shares listed among 100 sample stocks of an innovation index of the Guangdong-Hong Kong-Macao Greater Bay Area.

The index was released by Shenzhen Securities Information Co Ltd and the China Center for Information Industry Development on April 9. The purpose is to better show the performance of companies based in the Greater Bay Area, as well as provide more options for investment.

The release of 100 sample stocks of an innovation index of the Guangdong-Hong Kong-Macao Greater Bay Area. [Photo by Chen Wen / chinanews.com]

The selected 100 sample stocks, covering advanced manufacturing, strategic emerging industries, modern services, and maritime economy, all have a scaled market value, strong innovation capability, and typical representativeness in their respective industries.

The Greater Bay Area has a highly developed capital market. By the end of March, it had more than 750 companies that were listed on the Chinese mainland and eligible under the Stock Connect programs with a total market capitalization of nearly 27 trillion yuan ($4 trillion).

The index series will play an important role in developing the area into an international science and innovation center and in enhancing the financial sector's service to the real economy, said an executive of the Shenzhen Stock Exchange.