What Is the ChiNext Index? 2025 Emerging Market Guide

The "ChiNext Index" (ChiNext, code 399006) represents an index on the Shenzhen Stock Exchange designed specifically for high-tech and growth-oriented enterprises. As of July 3, 2025, the ChiNext Index closed at 2,164.09 points, up 1.90%, with a price-to-earnings ratio of 63.59 times for the first half of 2025.

For investors, tracking this index helps understand the trends of China’s emerging industries and the dynamics of its highly volatile market.

What Is the ChiNext Index?

The ChiNext Index is a stock market benchmark officially launched by the Shenzhen Stock Exchange on June 1, 2010, with a base value of 1,000 points. It is composed of the 100 largest listed companies on the ChiNext board, weighted by free-float market capitalization and calculated using the Paasche weighting method. Most of these companies focus on innovative sectors such as high technology, biopharmaceuticals, green energy, and new materials.

How Does It Differ from the Shanghai Composite?

Compared to the Shanghai Composite Index or the CSI 300, the ChiNext Index includes a higher proportion of new economy companies, such as those in new energy, biotechnology, healthcare, and semiconductors. It focuses more on technological innovation and the growth potential of small- and medium-sized enterprises, making it relatively more volatile but offering greater investment opportunities.

For Taiwanese investors, it is undoubtedly an important indicator for observing China’s new economic development and planning future investments.

ChiNext vs Shanghai Composite: Chart Comparison

From the comparison above, the ChiNext Index is more suitable for investors optimistic about China’s innovation engine and emerging industries.

2025 Latest Constituents and Weight Overview

As of June 2025, the top ten constituents of the ChiNext Index include companies such as CATL, East Money Information, Inovance Technology, Zhongji Xuchuang, and Mindray Medical. These cover industries like new energy vehicles, solar energy, medical services, and battery materials. Among them, CATL holds the highest weight at nearly 19%, maintaining its top position for a long time (Source: China Securities Index, June 30, 2025).

From an industry structure perspective, new energy and technology sectors account for over 50% of the ChiNext Index constituents. This highlights the index’s strong concentration in emerging industries supported by Chinese policies, particularly in strategic areas such as carbon neutrality and technological self-sufficiency.

ChiNext Index Historical Trend: From Crisis to Recovery

Based on the historical trend analysis of the ChiNext Index, it reached a closing high of 3,982 points in June 2015, while the low was around 600 points at the end of 2012. In June 2025, it once pulled back to around 2,000 points before rebounding with the market recovery to the current level of 2,155 points.

The historical highs and lows of the ChiNext Index reveal significant market volatility. Investors should closely monitor factors such as Chinese policy adjustments (e.g., IPO reforms for innovative board companies), RMB exchange rate fluctuations, global interest rate environments, and geopolitical developments, as these external elements can greatly influence the short-term movements of the ChiNext Index.

2025 Year-to-Date Trend Overview

●    In early June 2025, the ChiNext Index briefly retested the 2,000-point mark before gradually rebounding to around 2,153 points by mid-June.

●    On July 3, it opened with a 1.36% increase, showing an optimistic trend.

By analyzing historical highs and lows, this article provides strategic investment suggestions at key points to help readers identify potential entry opportunities.

Risks and Volatility of the ChiNext Index

The advantage of investing in the ChiNext Index lies in its high growth potential and policy support, offering forward-looking allocation value, especially in future industries such as new energy, AI, and biotechnology.

However, the risks cannot be ignored. Most ChiNext-listed companies are relatively small in scale with fluctuating profitability, and frequent policy adjustments add to the uncertainty, making the ChiNext Index significantly more volatile than the main board. According to historical data, the ChiNext Index’s average volatility over the past five years is nearly 30%, notably higher than the Shanghai Composite Index’s approximately 15%.

How to Trade the ChiNext Index via CFD Contracts for Differences?

Traditionally, participating in the ChiNext Index requires opening a mainland China securities account, which poses certain restrictions for Taiwanese investors. Through CFD trading, however, you can track ChiNext Index price movements without holding physical assets and trade with leverage in both directions.

For example, on the Ultima Markets platform, you can trade ChiNext Index CFDs with leverage up to 1:2000, allowing not only long positions but also short-selling when the market weakens, providing flexibility to respond to market trends. In addition, the minimum trading size of 0.01 lot makes it accessible for investors with smaller capital.

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How to Use the ChiNext Index to Develop Investment Strategies

Investors can analyze the ChiNext Index historical trend chart combined with technical indicators (such as moving averages and RSI) to identify potential turning points. Additionally, selecting constituent stocks based on fundamentals and aligning with China’s industry outlook or timing trades according to policy announcements can enhance strategy effectiveness. For example, when the index pulls back to historical support levels (such as moving average ranges), investors can consider buying on dips while setting proper stop-loss levels to manage risk.

Where to Check Real-Time ChiNext Index Data?

To invest in the ChiNext Index, staying updated with real-time quotes and trend changes is essential. You can access live ChiNext Index data and technical analysis through the Ultima Markets App, the MT5 platform, or Trading Central tools.

ChiNext Index Daily Closing Level Monitoring

On the UM platform, users can set up automatic alerts to receive ChiNext Index levels and volatility analysis right after the daily close. This helps investors make quick decisions and can be combined with news push notifications to track policy updates.

Why Choose Ultima Markets for Trading the ChiNext Index?

For Taiwanese investors looking to access the ChiNext Index, trading through CFD contracts is a convenient shortcut.

Ultima Markets, regulated by ASIC, CySEC, and FSC, provides a secure and transparent CFD trading environment. All client funds are held in segregated accounts at Westpac Bank in Australia, ensuring the safety of user assets.

Through its platform, investors can trade the ChiNext Index, Hong Kong stocks, US stocks, gold, and cryptocurrencies via MT5, WebTrader, or the App. UM offers leverage up to 2000x, spreads as low as 0.0, and an average latency under 20 milliseconds, enabling instant response to market volatility.

If you are still considering, you can first open a demo account to experience ChiNext Index price movements and test trading strategies.

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Conclusion

Looking ahead, with China’s continued support for high-tech and new energy development, the ChiNext Index still holds growth potential in 2025.

For investors, participating in the ChiNext market through CFDs provides flexibility to diversify portfolio risks while staying at the forefront of global capital market movements. Choosing a reliable trading platform like Ultima Markets is the key starting point for a solid and strategic investment layout.