Zhou Yunnan, founder of Beijing Nanshan Investment, emphasized in a Securities Daily interview that mature capital markets require diversified indexes to properly represent listed companies. With specialized and innovative “little giant” enterprises now comprising over half of listings on certain exchanges, he argued the creation of dedicated indexes for these firms has become necessary.
As hubs for specialized and innovative companies, many exchanges now host numerous national-level “little giants” – SMEs recognized for technological sophistication and niche market dominance. Zhou noted these firms’ growing prominence naturally justifies tailored indexes to better track their performance and provide investors with precise benchmarking tools.
The introduction of specialized indexes would improve market efficiency by helping investors identify high-potential innovators while giving visibility to these strategically important companies. Such financial products could channel capital more effectively to support China’s industrial upgrading and technological self-sufficiency goals.
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