By Christopher Vass
In late February, amidst the pandemic in China, one domestic index jumped to its highest finish since July 2016. The FTSE China A Innovative Enterprises Index measures the performance of innovative enterprises listed on the Shenzhen Stock Exchange ChiNext market. Year-to-date the index is bucking the global trend of red figures by being in the green with a performance of 16.7% YTD vs. -4.3% for the FTSE China A Stock Connect CNY Index.
Reasons for the performance this year can be found in the Industry breakdown of the index. It is mainly