China’s science and technology board enters its third year with a value of more than 5.8 trillion yuan

Since the launch of the China science and technology innovation board, also known as the STAR market, in 2019, the scale and total market values ​​of listed companies have continued to grow in the past three years.

As of the market close on July 21, a total of 437 companies have been listed on the science and technology board of the Shanghai Stock Exchange (SSE), with a total market value exceeding 5.8 trillion yuan (860 billion). dollars), The Paper reported, citing data from market information provider Wind.

Over the last three years, more than 70% of the individual stocks on the science and technology table have risen in price. As of Thursday’s close, the ESS Scientific and Technological Innovation Board 50 index rose 1.10% to 1,091.41 points, despite all three major A-share market indices closing lower .

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The market value of 153 companies listed on the STAR market exceeded 10 billion yuan on Thursday. Of them, 18 companies exceeded 50 billion yuan, and five companies have registered more than 100 billion yuan of market value, the newspaper reported, citing data from Wind.

Notably, China’s top chipmaker SMIC ranked first with a market value of 166 billion yuan.

In the last three years, more than 70% of the individual values ​​of the science and technology table have risen in price

Since the launch of China’s STAR market, China has continued to pilot the registration system, and has promoted the reform and upgrading of other systems related to areas such as issuance, listing, information disclosure, trading, and delisting. the quote.

These reforms have proven to be applicable for the market, according to the SSE.

(Cover via CFP)

Article republished from the Chinese state media CGTN within the framework of an agreement between both parties to share content. Link to original article:https://news.cgtn.com/news/2022-07-22/China-s-sci-tech-board-enters-the-3rd-year-1bRZJ9K6MAU/index.html