The Canton Tower stands in Guangzhou, Guangdong province, on April 17, 2018. [Photo/VCG] BEIJING - An innovation index has been published to track the performance of companies based in the Guangdong-Hong Kong-Macao Greater Bay Area. The index, which was released by Shenzhen Securities Information Co., Ltd. and the China Center for Information Industry Development Tuesday, is based on 100 stocks covering advanced manufacturing, strategic emerging industries, modern services and maritime economy. The innovation index, including shares of industry giants such as Tencent, Ping An, Gree and Midea, is the flagship of a series of indexes for the Greater Bay Area to be developed by the two parties. It contains 38 information technology enterprises that account for over 25 percent of weighting. A composite index for the area was also launched at the same event Tuesday. All the indexes are based on equities listed at the Shenzhen, Shanghai and Hong Kong exchanges that are eligible for the Stock Connect programs. The Stock Connect are securities trading and clearing arrangements that link China's mainland stock exchanges to that of Hong Kong. The programs allow mainland investors to trade and settle shares in the Hong Kong market via their local exchanges, and vice-versa. 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 Chinese mainland and eligible under the Stock Connect programs with a total market capitalization of nearly 27 trillion yuan (about $4 trillion). The index series would play an important role in developing the area into an international science and innovation center and enhancing the financial sector's service to the real economy, said an official with the Shenzhen Stock Exchange. bob marley rubber bracelet
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Taiwan fruits shown on a trade fair on Sept 28, 2015, in Nanjing International Expo Center, Jiangsu province, attract visitors. [Photo/VCG] TAIPEI -- Taiwan's exports slumped for the fifth consecutive month in March as weakness in global demand weighed on its electronics products, according to the latest trade data. Exports fell 4.4 percent year on year in March to 28.68 billion US dollars, while imports rose 6.6 percent from the previous year to 25.56 billion US dollars. For the first quarter, exports fell 4.2 percent from a year earlier to 76.36 billion US dollars, snapping a rallying streak of 10 quarters, while imports shed 0.8 percent to 67.41 billion US dollars in the first three months, trimming trade surplus to 8.95 billion US dollars. Trade authorities warned of further decline in exports due to weak global growth. In March, declines were reported in most of Taiwan's main export products -- ranging from electronic components, metals and their products, to plastic and rubber prodcuts. The Chinese mainland and Hong Kong remained the biggest destination for Taiwan exports, followed by the Association of Southeast Asian Nations, the United States, Europe, and Japan.
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