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Monday, March 27, 2023

Chinese Indexes Company Launches Hang Seng Metaverse Index

Chinese Indexes Company Launches Hang Seng Metaverse Index – Hang Seng Indexes, a Chinese indexes firm, has released a new index that tracks the performance of metaverse-related firms in mainland China. According to the corporation, the index is calculated and broadcast in real-time at two-second intervals.

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The Hang Seng China Metaverse Index was just launched by Hang Seng Indexes Company Limited, which oversees and produces the Hang Seng Family of Indexes. The new index measures the performance of mainland Chinese companies doing business in the metaverse.

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The decision to create the index comes against the backdrop of the metaverse’s growing appeal as an investing theme among investors, according to a statement made by the company.

Hang Seng Company Limited, a wholly-owned subsidiary of Hang Seng Bank, said it has introduced Oncology Index to its Megatrend Index Series.  Daniel Wong, director and chief index officer, said of his company’s launch of the two indexes:

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“New megatrends are having an ever-increasing impact on our everyday lives. Our two new megatrend indexes are intended to assist investors in capturing possible opportunities in the mainland China and Hong Kong stock markets as a result of these innovative and transformative movements.”

Also Read: Fidelity Launches Multi-Level Learning Center in Metaverse

Chinese Indexes Company Launches Hang Seng Metaverse Index – The two new indexes would be calculated and disseminated in real-time at two-second intervals, according to a press statement. Tencent Holdings, a Chinese multinational technology and entertainment firm, and Baidu Inc. are among the top ten constituent businesses in the Hang Seng China Metaverse Index, as shown in the statement’s appendix.

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