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  • Beijing Review

    A Year of Trials

    Jun 18, 2020 5 minutes
    By Li Xiaoyang
    Copyedited by Madhusudan Chaubey

    After a year of operation, China’s Nasdaq-style sci-tech innovation board, also known as the STAR Market, has witnessed steady expansion with a number of achievements. The board, launched on the Shanghai Stock Exchange (SSE) on June 13, 2019, is aimed at boosting the capital market to better serve the real economy, and driving technological innovation. According to the SSE, over 100 companies have been listed on the board since it started trading on July 22 last year, whose total market value has exceeded 1.5 trillion yuan ($212 billion).

    Proposed in 2018, the board is designed to provide direct financing support for companies in hi-tech and strategic emerging sectors such as next-generation information technology (IT), advanced equipment, new materials, new energy, energy saving and environmental protection. It has piloted the registration-based initial public offering (IPO) system since

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