"Genuine" Concept Stocks Are Here!The Blockchain 50 Index Turned Out To Be

Who are the authentic blockchain concept stocks? Now there is an answer. The Shenzhen Stock Exchange released the Shenzhen Stock Exchange Blockchain 50 stocks on December 24, 2019. The index code is:

It was observed that among the sample stocks of the Blockchain 50 Index, the subject areas include banking, currency speculation, games, securities, image copyright, information technology, precision medicine, etc., including Visual China (Stock Bar), Zhongying Internet (Guba) ), Ping An Bank (,Guba), Kaiying Network (,Guba), Guardian (,Guba), Tonghuashun (,Guba), etc., basically covering the main application areas of blockchain.

Market participants believe that the release of the Shenzhen Stock Exchange Blockchain 50 Index can guide investors to have a deeper understanding of blockchain applications to a certain extent. In other words, when banking, games, pictures, network security and other subjects are included in a large number of sample indexes, it is equivalent to further correcting investors - blockchain is not equal to currency speculation, currency speculation is just a currency speculation behavior. The application area of ​​blockchain is very small.

At the same time, the first blockchain index fund was also announced. On December 24, the official website of the China Securities Regulatory Commission showed that Penghua Fund had declared and applied for the "Application for Registration of Publicly Offered Funds - Penghua Shenzhen Securities Blockchain 50 Trading Open Index Securities Investment Fund." This is the first fund named after the word blockchain.

Blockchain 50 Index results are

On December 24, the Shenzhen Stock Exchange announced on its official website that in order to reflect the performance of companies related to the blockchain industry in the Shenzhen securities market and provide investors with richer index investment tools, the Shenzhen Stock Exchange and Shenzhen Securities Information The company announced that the Shenzhen Stock Exchange Blockchain 50 Index was released on December 24, 2019, with the index code:

Currently, the subjects included in the blockchain 50 sample index include banking, currency speculation, games, securities, securities, image copyright, information technology, precision medicine, etc., including Visual China, Zhongying Internet, Ping An Bank, Kaiying Network, , Flush, etc., basically cover the main application areas of blockchain.

Market participants believe that the release of the Shenzhen Stock Exchange Blockchain 50 Index can guide investors to have a deeper understanding of blockchain applications to a certain extent. In other words, when banking, games, pictures, network security and other subjects are included in a large number of sample indexes, it is equivalent to further correcting investors - blockchain is not equal to currency speculation, currency speculation is just a currency speculation behavior. The application area of ​​blockchain is very small.

A CITIC Securities research report believes that it is optimistic about the first application of blockchain in finance, judicial administration, digital currency and other fields. It is recommended to pay attention to industry leaders, information technology companies and related hardware support companies with certain technical reserves. Previous research reports from other institutions have pointed out that blockchain technology has application potential in securities issuance and trading, clearing and settlement, customer management, etc., and has significant advantages in reducing costs and improving efficiency.

According to the Shanghai Securities News, Zheng Xiaoxi, fund manager of Southern Fund, said that the core problem solved by blockchain technology is the crisis of trust between people, which helps to establish a social mechanism of mutual trust and consensus. Zheng Xiaoxi believes that the current application of blockchain technology is mainly in the first and second stages. "Zheng Xiaoxi said that the application of blockchain technology is divided into three stages: the first stage is mainly used in the currency field; the second stage is mainly used in the contract field, such as stocks, bonds, credit, asset confirmation and smart contracts; The third stage These three stages are mainly used in government, health, science, culture and art, etc., and help achieve weak centralization and social autonomy.

Although many fund managers are optimistic about the development of the blockchain industry from a long-term perspective, considering that investments need to be linked to basic indicators such as fundamentals and performance, most fund managers have different strategies and layouts in specific investment strategies. Blockchain remains almost negligible in investing.

But that doesn't mean fund managers really don't like it. For fund managers who like to add icing on the cake, the appeal of concepts and themes is based on excellent performance. If a listed company with excellent fundamentals is also exposed to blockchain-themed concepts, and may even enter the blockchain index, this may become very attractive.

Bull stocks frequently appear among blockchain index sample stocks

Although digital currencies and virtual currencies have been heavily tainted by fraudulent activity, currency markets have been hit hard. Affected by this, Bitcoin once fell below $7,000. However, in contrast, the popularity of blockchain has not decreased but has increased. According to media reports, as of December 23, there were as many as 15,000 blockchain companies registered across the country.

Some brokerage research reports believe that the blockchain industry has actually gradually gotten rid of the early bubble stage and is developing towards a stage of actual contribution to income. The emergence of the early bubble stage is reflected in the external investment of A-share listed companies, and there are also related cases.

Minbao Co., Ltd., a subsidiary of A-share company Hengjiu Technology (referred to as "Guba"), announced its investment in Biniu Niu. When communicating with investors, Hengjiu Technology stated that Biniu Niu is the industry’s leading blockchain information and digital financial service platform, positioning itself as a “flush in the blockchain field.” Provides blockchain industry news, on-chain big data analysis, in-depth mining and intelligent push of consulting information, digital asset market, blockchain technology development and other services, with "NiuNiu Big Data", "NiuNiu Intelligent Push Engine", "NiuNiu Face to Face" ”, “Niu Niu Morning and Evening News” and brands. At the same time, the team has rich accumulation in the fields of alliance chain development and public chain development.

It is worth mentioning that the Blockchain 50 Index performed well on the first day. The index closed up 1.15% on its first day on December 24, closing at 3155.03 points.

Blockchain is indeed the icing on the cake for current sample stocks. In fact, most enterprises are not yet able to use blockchain technology on a large scale or conduct blockchain operations. However, considering the development of these industries, blockchain will inevitably be embraced in the future, which will allow relevant listed companies to easily enter blockchain concept stocks and even become sample stocks of the Blockchain 50 Index, especially listed companies closely related to financial technology. .

Among the sample stocks of the Blockchain 50 Index, quite a few stocks have doubled in 2019. Among them, the share price of Jinyi Technology (Stock Bar) increased by more than 310% during the year. Flush's share price has also risen since the beginning of the year. Crazy growth of 178%. On December 24, the first day the index was released, some of the included stocks also performed quite well. Among them, Leo shares (stock bar) hit the daily limit strongly, with a market value of 18.6 billion.

It is worth mentioning that the sample stocks of the Blockchain 50 Index performed very well in 2019. Due to the high flexibility of most companies and the increasing market risk appetite, the average increase of the 50 sample stocks during the year reached 50%. , far stronger than the performance of the Shanghai Composite Index, and much higher than the average annual return rate of 3,264 partial stock funds.

However, the sample stocks currently included in the index also have strong thematic characteristics. Most stocks have failed to directly benefit from blockchain, or it is difficult to see how much performance it contributes from a quantitative perspective. For example, in April this year, Jinyi Technology was listed for three consecutive times, but the listed company responded that the company's blockchain is currently in the research stage and has not yet generated relevant business or revenue, and the company's main business has not changed.

Zhongying Internet, another component stock included in the index, is deeply involved in blockchain business disputes. On the evening of December 22, Zhongying Internet issued an announcement stating that due to market factors such as the industry environment and related trends in which the company operates, it will have an objective impact on the company’s business operations. It is expected that the total amount of goodwill impairment provisions for its subsidiaries Hong Kong Mojia Technology Co., Ltd. The merger level of Liang Technology is between 1 billion yuan and 1.3 billion yuan.

It is reported that the Shenzhen Stock Exchange Blockchain 50 Index takes Shenzhen Stock Exchange listed companies whose business fields involve the upper, middle and lower reaches of the blockchain industry as the sample space, and sorts them from high to low according to the average value. The daily total market value in the past six months, and the top 50 stocks are selected to form sample stocks. The index is weighted by free float market capitalization and is adjusted regularly on the second trading day of the second Friday in June and December each year.

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