Shanghai’s NASDAQ-style STAR Market Board has listed over 280 companies since its launch less than two years ago.
Data from the Shanghai Stock Exchange (SHSE) indicates that as of 31 May the STAR Market was host to 282 companies, whose IPO’s had raised 360.5 billion yuan, and whose total market capitalisation was around 4.1 trillion yuan.
The Sci-Tech Innovation Board (上海证券交易所科创板) (SSE STAR Market) is the NASDAQ-style board of the SHSE that is dedicated to the listing of Chinese tech companies.
On 5 November 2018 President Xi Jinping unveiled plans to launch a new board independent of the main board of the SHSE, during his speech at the opening ceremony for the inaugural China International Import Expo.
Xi also flagged the launch of registration system trials for the new SHSE board, which would focus on financing for innovative tech companies.
The STAR Market officially opened on 13 June 2019, and its first group of companies listed on 22 July, followed by a second group on 8 August.