Shenzhen Securities Information Co., Ltd. under the Shenzhen Stock Exchange has officially released the ChiNext Chip Index with ticker code 970096. It selects high‑quality stocks covering semiconductor‑materials, chip‑design, wafer‑manufacturing as well as packaging‑and‑testing equipment sectors among ChiNext‑listed firms. The top 50 securities ranked by average daily total market capitalization over the past six months are chosen as sample constituents, objectively reflecting the overall performance of the semiconductor segment on ChiNext board.
The index covers upstream‑midstream‑downstream links of the whole semiconductor supply chain. Rather than concentrating merely on chip‑design links, it treats material suppliers, key‑equipment vendors and packaging‑test manufacturers equally in its sample pool. Its compilation rules take market liquidity and market‑cap scale as core filtering criteria. Sample stocks will be adjusted on a regular cycle; listed companies with poor liquidity or deteriorated fundamentals get eliminated to sustain the index’s representativeness.
Domestic semiconductor industrial chains keep expanding. The ChiNext board hosts a large number of small‑and‑medium‑sized semiconductor innovators. Many of them concentrate on niche tracks and deliver technical breakthroughs in advanced packaging, special semiconductor materials and testing equipment. This index provides a traceable sector benchmark for market participants and lays underlying foundations for future index funds, ETF and related financial products.
Institutional analysts also warn that the semiconductor sector carries obvious cyclical characteristics. Global‑demand swings, overseas‑technology restrictions and upstream‑raw‑material‑price shifts can create market disturbances. Index performance does not equal investment value of individual stocks. The semiconductor segment features relatively high volatility risks. Market observers will monitor revenue‑growth rates of index constituents, domestic‑manufactured equipment‑and‑material penetration ratios and global semiconductor‑cycle shifts.
