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Hang Seng Unveils China Metaverse Index


The Hang Seng Indexes Company has unveiled a new index that centers on metaverses under its Megatrend Index Series, according to a report on BeInCrypto.

The Hang Seng Indexes Company has launched its China Metaverse Index, which will focus on Chinese firms which have involvement in businesses linked to the metaverse.

The firm cited a surge in investor interest in the metaverse as blockchain firms venture into virtual reality gaming and other digital experiences, along with megatrends having an “increasingly significant” impact on daily living.

The new index was launched along with the Genomics and Oncology Index, with both covering stocks listed in Hong Kong, Shanghai, and Shenzhen. The indexes will be computed and disseminated in two-second intervals.

The Hang Seng Family of Indexes closed in 2021 with $44-billion worth of assets under management. METV is down 1.49%, while VERS is down 0.21%.

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