STAR Market and IPO system hitting on all cylinders
June 11, 2021
China's efforts to develop the SSE STAR Market and a registration-based initial public offering (IPO) system have yielded a bumper harvest measuring up to expectations.
Today at the 13th Lujiazui Forum, Yi Huiman, chairman of the China Securities Regulatory Commission, said the STAR Market has proved its role in fostering science-technology enterprises with core technologies in key fields.
The STAR Market, first launched at the 11th Lujiazui Forum two years ago, had 282 sci-tech companies listed on the board at the end of May, with a total market value of nearly 4.1 trillion yuan (US$640 billion).