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Xinhua Index Officially Launched
The Xinhua Index, dubbed China's "Dow Jones Index", was officially launched Monday in Beijing.
The Xinhua Index was jointly developed by the Xinhua Fiance Consultancy Ltd, the Chinese Academy of Sciences and the Northern University of Polytechnics.
Based on the internationally advanced mathematics model of "multi-factor assess pricing model", the index is able to reflect the current stock price fluctuation in the Shanghai and Shenzhen stock exchanges accurately, and also the development trends of China's national economy scientifically.
The Xinhua Index can be used by investors and macro-economic management personnel to study the securities market from different angles, said Wang Yu, general manager of Xinhua Finance Consultancy Co, ltd.
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