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STAR Market to double in value by year end: official

September 14, 2020

The total market value of shares on the STAR Market is expected to hit 5 trillion yuan (US$735 billion) by the end of this year, a Shanghai Stock Exchange official said on Wednesday.
This will nearly double the STAR Market’s value of 2.6 trillion yuan as of July, when the Nasdaq-style board celebrated its first anniversary.
With heavyweight firms such as Ant Group, JD Digits and Geely applying for listings, the STAR Market's value will rise substantially in the months ahead, Liu Ti, Shanghai Stock Exchange’s vice general manager, said in a conference in Shanghai.