Shanghai Stock Exchange STAR Market

STAR Market
TypeStock exchange
LocationShanghai, China
FoundedJuly 22, 2019; 5 years ago (2019-07-22)
OwnerShanghai Stock Exchange
CurrencyChinese Yuan
No. of listingsApproximately 179[1]
Market capIncrease RMB 2.8 Trillion (Aug. 2020)
Websitestar.sse.com.cn

The Shanghai Stock Exchange STAR Market,[2] officially known as the Shanghai Stock Exchange Science and Technology Innovation Board,[3] is a Chinese science and technology focused equities market established on July 22, 2019.[4][5]

STAR has been touted as Shanghai's equivalent to America’s Nasdaq,[4] with state media alluding to its goal as giving Chinese science and technology companies greater access to capital markets.[2] As of July 2020, it is valued at more than US $400 billion.[3]

  1. ^ "Market Data Overview".
  2. ^ a b 新京报 (2019-07-22). "科创板历时8个月开锣 首批25家公司挂牌". www.xinhuanet.com. Archived from the original on July 22, 2019. Retrieved 2020-08-28.
  3. ^ a b Harper, Justin (2020-07-23). "China's Star market aims to take on the Nasdaq". BBC News. Retrieved 2020-08-27.
  4. ^ a b Lockett, Hudson (July 22, 2019). "Shares on China tech exchange surge up to 520% in trading debut". Financial Times. Retrieved July 22, 2019.(subscription required)
  5. ^ Makortoff, Kalyeena (July 22, 2019). "Chinese tech shares leap up to 500% as Nasdaq-style market launches". The Guardian. Retrieved July 22, 2019.