Hang Seng China Metaverse Index launched in a Chinese Indexes Company

Hang Seng Indexes Company Limited, an entity that manages and compiles the Hang Seng Family of Indexes, recently announced the Hang Seng China Metaverse Index launch. The new index tracks the performance of mainland Chinese companies involved in metaverse-related businesses.

As explained in a statement released by the company, the decision to launch the index comes against a background of growing popularity of the metaverse as an investment theme among investors.

Remarking on his company's launch of the two indexes, Daniel Wong, director & chief index officer said: "New megatrends are having an increasingly significant impact on our daily lives. Our two new megatrend indexes are designed to help investors capture potential opportunities arising from these innovative and transformative trends in the mainland China and Hong Kong stock markets."

According to a press statement, the two new indexes will be calculated and disseminated in real-time at two-second intervals. As shown in the statement's appendix, the top ten constituent companies in the Hang Seng China Metaverse Index include China's multinational technology and entertainment conglomerate Tencent Holdings and Baidu Inc.

Source: Bitcoin.com