Global Times: China launches chip stock index to guide more investment into crucial sector

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(June 13): China formally released the STAR Chip Index on Monday to track the performances of leading firms in such fields as semiconductor materials and equipment, chip design, and chip packaging and testing, aiming to attract more capital investment into the increasingly crucial industry amid broadening US' crackdown campaign, Global Times said.

Experts said that the rollout of the index will further diversify investors' options and actual investment, guiding more capital into the country's up-and-coming integrated circuit industry, which represents an important direction of development set in multiple national strategic plans, Global Times said.

Siow Chen Ming