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China will officially launch the index for the Shanghai Stock Exchange STAR Market on July 22, the first anniversary of the first batch of firms starting trade on the Nasdaq-like board, the Shanghai Stock Exchange said on Friday.
The STAR 50 index consists of 50 STAR-listed firms, with 1,000 points originally based on their prices on December 31 last year. The index will be released after trading on July 22 and offers real-time change in the following trading day, according to the Shanghai Stock Exchange.
The 50 firms cover next-generation information technology, biomedicine and advanced equipment industries.
Read more at Shanghai Daily.