Shanghai Stock Exchange STAR Market - Revision history

Nexthwiki: /* Positioning and Targeted Industries */

2024-07-26T06:26:07Z

Positioning and Targeted Industries

← Older revision		Revision as of 06:26, 26 July 2024
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	* Support enterprises that align with national strategies, hold core technologies, and enjoy market recognition.		* Support enterprises that align with national strategies, hold core technologies, and enjoy market recognition.

	~~The~~ targeted ~~industries include~~:		the STAR Market focuses on several key industries that align with China's strategic priorities and technological innovation goals. Here are the main industries targeted by the STAR Market:
	* New Generation IT
	* High-end Equipment		* '''New Generation Information Technology''': This includes sectors such as computer applications, semiconductors, and advanced IT equipment.
	* New Materials		* '''Biomedicine and Medical Devices''': The STAR Market has become a major global listing place for biomedical companies outside the United States and Hong Kong, with 93 listed companies in this field
	* ~~New Energy~~		* '''Integrated Circuits''': There are 55 companies in the integrated circuit sector, accounting for half of the A-share listed companies of the same type
	* Energy Conservation & Environmental Protection		* '''New Energy and Energy Conservation''': This includes companies in photovoltaics, power batteries, and energy storage. Companies like Pylon Technologies (a global leader in household energy storage) and XTC New Energy Materials (a leader in lithium cobalt oxide cathode materials) are part of this sector
	* Biomedicine		* '''High-end Equipment Manufacturing''': This includes industrial robotics and other advanced manufacturing technologies
			* '''New Materials''': Companies like Yunlu Advanced Materials Technology, a leader in advanced magnetic metal materials manufacturing, represent this sector
			* '''Environmental Protection''': Some companies in this sector focus on technologies for carbon footprint calculation and environmental monitoring

			These industries closely align with China's Made in China 2025 (MIC2025) initiative, with 82% of STAR-listed companies (297 firms) operating in MIC2025-targeted industries. The STAR Market supports Beijing's goal of directing financing to companies in "high-tech and strategic emerging sectors," focusing on areas where China aims to achieve technological self-reliance and leadership.

	It also promotes the integration of Internet, Big Data, Cloud Computing, Artificial Intelligence, and Manufacturing[3][6].		It also promotes the integration of Internet, Big Data, Cloud Computing, Artificial Intelligence, and Manufacturing[3][6].

Nexthwiki: /* Conclusion */

2024-07-26T06:19:13Z

Conclusion

← Older revision		Revision as of 06:19, 26 July 2024
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	Citations:		Citations:
	[#] http://star.sse.com.cn/en/		# http://star.sse.com.cn/en/
	~~[2]~~ https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange_STAR_Market		# https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange_STAR_Market
	~~[3]~~ http://star.sse.com.cn/en/gettingstarted/overview/		# http://star.sse.com.cn/en/gettingstarted/overview/
	~~[4]~~ http://star.sse.com.cn/en/marketdata/overview/		# http://star.sse.com.cn/en/marketdata/overview/
	~~[5]~~ https://english.sse.com.cn		# https://english.sse.com.cn
	~~[6]~~ http://www.sse.com.cn/star/en/home/		# http://www.sse.com.cn/star/en/home/
	~~[7]~~ https://www.lseg.com/en/data-analytics/financial-data/pricing-and-market-data/equities-market-data/shanghai-stock-exchange-data		# https://www.lseg.com/en/data-analytics/financial-data/pricing-and-market-data/equities-market-data/shanghai-stock-exchange-data
	~~[8]~~ https://www.ciis.com.hk/hongkong/en/scitech/index.shtml		# https://www.ciis.com.hk/hongkong/en/scitech/index.shtml

Nexthwiki: /* Conclusion */

2024-07-26T06:18:31Z

Conclusion

← Older revision		Revision as of 06:18, 26 July 2024
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	Citations:		Citations:
	[1] http://star.sse.com.cn/en/		[#] http://star.sse.com.cn/en/
	[2] https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange_STAR_Market		[2] https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange_STAR_Market
	[3] http://star.sse.com.cn/en/gettingstarted/overview/		[3] http://star.sse.com.cn/en/gettingstarted/overview/

Nexthwiki at 06:18, 26 July 2024

2024-07-26T06:18:07Z

Nexthwiki at 06:16, 26 July 2024

2024-07-26T06:16:26Z

← Older revision		Revision as of 06:16, 26 July 2024
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	## Shanghai Stock Exchange STAR Market		== Shanghai Stock Exchange STAR Market ==

	The Shanghai Stock Exchange STAR Market, officially known as the Shanghai Stock Exchange Science and Technology Innovation Board, is a specialized equities market focused on science and technology companies. It was established on July 22, 2019, with the goal of providing Chinese tech firms greater access to capital markets, similar to the role of Nasdaq in the United States[2].		The Shanghai Stock Exchange STAR Market, officially known as the Shanghai Stock Exchange Science and Technology Innovation Board, is a specialized equities market focused on science and technology companies. It was established on July 22, 2019, with the goal of providing Chinese tech firms greater access to capital markets, similar to the role of Nasdaq in the United States[2].

	~~###~~ Mission and Vision		=== Mission and Vision ===

	The STAR Market aims to:		The STAR Market aims to:
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	- Improve the multi-tiered capital market and accumulate experience for capital market infrastructure[3][6].		- Improve the multi-tiered capital market and accumulate experience for capital market infrastructure[3][6].

	~~###~~ Key Principles		=== Key Principles ===

	The STAR Market operates on several key principles:		The STAR Market operates on several key principles:
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	- Developing synergy between relevant government departments to promote stable and healthy market development[3][6].		- Developing synergy between relevant government departments to promote stable and healthy market development[3][6].

	~~###~~ Positioning and Targeted Industries		=== Positioning and Targeted Industries ===

	The STAR Market is positioned to:		The STAR Market is positioned to:
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	It also promotes the integration of Internet, Big Data, Cloud Computing, Artificial Intelligence, and Manufacturing[3][6].		It also promotes the integration of Internet, Big Data, Cloud Computing, Artificial Intelligence, and Manufacturing[3][6].

	~~###~~ Operation and Listing Rules		=== Operation and Listing Rules ===

	The STAR Market allows:		The STAR Market allows:
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	The listing process is based on registration and disclosure rather than approval, making it more market-oriented. This system aims to provide Chinese companies more access to financing and support the real economy[2].		The listing process is based on registration and disclosure rather than approval, making it more market-oriented. This system aims to provide Chinese companies more access to financing and support the real economy[2].

	~~###~~ Market Characteristics		=== Market Characteristics ===

	- No limits on share price movements during the first five days of trading.		- No limits on share price movements during the first five days of trading.
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	- Significant participation from institutional and individual investors[2].		- Significant participation from institutional and individual investors[2].

	~~###~~ Historical Milestones		=== Historical Milestones ===

	- November 5, 2018: Announced by President Xi Jinping during the China International Import Expo.		- November 5, 2018: Announced by President Xi Jinping during the China International Import Expo.
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	- July 22, 2019: First batch of 25 companies listed[3][6].		- July 22, 2019: First batch of 25 companies listed[3][6].

	~~###~~ STAR Market ETFs		=== STAR Market ETFs ===

	ETFs like KSTR, created by KraneShares, hold the largest companies listed on the STAR Market. These ETFs offer exposure to China's emerging markets, focusing on sectors such as new-generation information technology, biomedicine, new energy, and environmental protection[2].		ETFs like KSTR, created by KraneShares, hold the largest companies listed on the STAR Market. These ETFs offer exposure to China's emerging markets, focusing on sectors such as new-generation information technology, biomedicine, new energy, and environmental protection[2].

	~~###~~ Conclusion		=== Conclusion ===

	The Shanghai Stock Exchange STAR Market is a pivotal platform for tech-focused companies in China, providing them with access to capital and supporting the country's broader economic and technological ambitions. It represents a significant shift towards a more market-oriented approach in the Chinese capital markets.		The Shanghai Stock Exchange STAR Market is a pivotal platform for tech-focused companies in China, providing them with access to capital and supporting the country's broader economic and technological ambitions. It represents a significant shift towards a more market-oriented approach in the Chinese capital markets.

Nexthwiki: Created page with "## Shanghai Stock Exchange STAR Market The Shanghai Stock Exchange STAR Market, officially known as the Shanghai Stock Exchange Science and Technology Innovation Board, is a specialized equities market focused on science and technology companies. It was established on July 22, 2019, with the goal of providing Chinese tech firms greater access to capital markets, similar to the role of Nasdaq in the United States[2]. ### Mission and Vision The STAR Market aims to: - En..."

2024-07-26T06:15:05Z

Created page with "## Shanghai Stock Exchange STAR Market The Shanghai Stock Exchange STAR Market, officially known as the Shanghai Stock Exchange Science and Technology Innovation Board, is a specialized equities market focused on science and technology companies. It was established on July 22, 2019, with the goal of providing Chinese tech firms greater access to capital markets, similar to the role of Nasdaq in the United States[2]. ### Mission and Vision The STAR Market aims to: - En..."

New page

## Shanghai Stock Exchange STAR Market

The Shanghai Stock Exchange STAR Market, officially known as the Shanghai Stock Exchange Science and Technology Innovation Board, is a specialized equities market focused on science and technology companies. It was established on July 22, 2019, with the goal of providing Chinese tech firms greater access to capital markets, similar to the role of Nasdaq in the United States[2].

### Mission and Vision

The STAR Market aims to:
- Enhance the capability to serve technological innovation.
- Promote high-quality development of China's economy.
- Support the construction of Shanghai as an International Financial Center and an Innovation Center of Science and Technology.
- Promote market-oriented reform of the capital market.
- Improve the multi-tiered capital market and accumulate experience for capital market infrastructure[3][6].

### Key Principles

The STAR Market operates on several key principles:
- Respecting market laws and stabilizing market expectations.
- Improving the legal system of the capital market and strengthening supervision.
- Establishing a stock issuance and listing system centered on information disclosure.
- Developing synergy between relevant government departments to promote stable and healthy market development[3][6].

### Positioning and Targeted Industries

The STAR Market is positioned to:
- Serve the frontier in global science and technology sectors.
- Support enterprises that align with national strategies, hold core technologies, and enjoy market recognition.

The targeted industries include:
- New Generation IT
- High-end Equipment
- New Materials
- New Energy
- Energy Conservation & Environmental Protection
- Biomedicine

It also promotes the integration of Internet, Big Data, Cloud Computing, Artificial Intelligence, and Manufacturing[3][6].

### Operation and Listing Rules

The STAR Market allows:
- Listing of companies with multiple share classes.
- Red Chip companies already listed abroad.
- Currently unprofitable companies.

The listing process is based on registration and disclosure rather than approval, making it more market-oriented. This system aims to provide Chinese companies more access to financing and support the real economy[2].

### Market Characteristics

- No limits on share price movements during the first five days of trading.
- High P/E multiples, indicating high market expectations.
- Significant participation from institutional and individual investors[2].

### Historical Milestones

- **November 5, 2018**: Announced by President Xi Jinping during the China International Import Expo.
- **March 1, 2019**: Key rules and guidelines released.
- **March 18, 2019**: Began accepting applications for listing.
- **June 5, 2019**: First listing committee review meeting held.
- **June 13, 2019**: Officially launched.
- **July 22, 2019**: First batch of 25 companies listed[3][6].

### STAR Market ETFs

ETFs like KSTR, created by KraneShares, hold the largest companies listed on the STAR Market. These ETFs offer exposure to China's emerging markets, focusing on sectors such as new-generation information technology, biomedicine, new energy, and environmental protection[2].

### Conclusion

The Shanghai Stock Exchange STAR Market is a pivotal platform for tech-focused companies in China, providing them with access to capital and supporting the country's broader economic and technological ambitions. It represents a significant shift towards a more market-oriented approach in the Chinese capital markets.

Citations:
[1] http://star.sse.com.cn/en/
[2] https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange_STAR_Market
[3] http://star.sse.com.cn/en/gettingstarted/overview/
[4] http://star.sse.com.cn/en/marketdata/overview/
[5] https://english.sse.com.cn
[6] http://www.sse.com.cn/star/en/home/
[7] https://www.lseg.com/en/data-analytics/financial-data/pricing-and-market-data/equities-market-data/shanghai-stock-exchange-data
[8] https://www.ciis.com.hk/hongkong/en/scitech/index.shtml

← Older revision		Revision as of 06:18, 26 July 2024
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	The STAR Market aims to:		The STAR Market aims to:
	- Enhance the capability to serve technological innovation.		* Enhance the capability to serve technological innovation.
	- Promote high-quality development of China's economy.		* Promote high-quality development of China's economy.
	- Support the construction of Shanghai as an International Financial Center and an Innovation Center of Science and Technology.		* Support the construction of Shanghai as an International Financial Center and an Innovation Center of Science and Technology.
	- Promote market-oriented reform of the capital market.		* Promote market-oriented reform of the capital market.
	- Improve the multi-tiered capital market and accumulate experience for capital market infrastructure[3][6].		* Improve the multi-tiered capital market and accumulate experience for capital market infrastructure[3][6].

	=== Key Principles ===		=== Key Principles ===

	The STAR Market operates on several key principles:		The STAR Market operates on several key principles:
	- Respecting market laws and stabilizing market expectations.		* Respecting market laws and stabilizing market expectations.
	- Improving the legal system of the capital market and strengthening supervision.		* Improving the legal system of the capital market and strengthening supervision.
	- Establishing a stock issuance and listing system centered on information disclosure.		* Establishing a stock issuance and listing system centered on information disclosure.
	- Developing synergy between relevant government departments to promote stable and healthy market development[3][6].		* Developing synergy between relevant government departments to promote stable and healthy market development[3][6].

	=== Positioning and Targeted Industries ===		=== Positioning and Targeted Industries ===

	The STAR Market is positioned to:		The STAR Market is positioned to:
	- Serve the frontier in global science and technology sectors.		* Serve the frontier in global science and technology sectors.
	- Support enterprises that align with national strategies, hold core technologies, and enjoy market recognition.		* Support enterprises that align with national strategies, hold core technologies, and enjoy market recognition.

	The targeted industries include:		The targeted industries include:
	- New Generation IT		* New Generation IT
	- High-end Equipment		* High-end Equipment
	- New Materials		* New Materials
	- New Energy		* New Energy
	- Energy Conservation & Environmental Protection		* Energy Conservation & Environmental Protection
	- Biomedicine		* Biomedicine

	It also promotes the integration of Internet, Big Data, Cloud Computing, Artificial Intelligence, and Manufacturing[3][6].		It also promotes the integration of Internet, Big Data, Cloud Computing, Artificial Intelligence, and Manufacturing[3][6].
Line 39:		Line 39:

	The STAR Market allows:		The STAR Market allows:
	- Listing of companies with multiple share classes.		* Listing of companies with multiple share classes.
	- Red Chip companies already listed abroad.		* Red Chip companies already listed abroad.
	- Currently unprofitable companies.		* Currently unprofitable companies.

	The listing process is based on registration and disclosure rather than approval, making it more market-oriented. This system aims to provide Chinese companies more access to financing and support the real economy[2].		The listing process is based on registration and disclosure rather than approval, making it more market-oriented. This system aims to provide Chinese companies more access to financing and support the real economy[2].
Line 47:		Line 47:
	=== Market Characteristics ===		=== Market Characteristics ===

	- No limits on share price movements during the first five days of trading.		* No limits on share price movements during the first five days of trading.
	- High P/E multiples, indicating high market expectations.		* High P/E multiples, indicating high market expectations.
	- Significant participation from institutional and individual investors[2].		* Significant participation from institutional and individual investors[2].

	=== Historical Milestones ===		=== Historical Milestones ===

	- November 5, 2018: Announced by President Xi Jinping during the China International Import Expo.		* '''November 5, 2018''': Announced by President Xi Jinping during the China International Import Expo.
	- March 1, 2019: Key rules and guidelines released.		* '''March 1, 2019''': Key rules and guidelines released.
	- March 18, 2019: Began accepting applications for listing.		* '''March 18, 2019''': Began accepting applications for listing.
	- June 5, 2019: First listing committee review meeting held.		* '''June 5, 2019''': First listing committee review meeting held.
	- June 13, 2019: Officially launched.		* '''June 13, 2019''': Officially launched.
	- July 22, 2019: First batch of 25 companies listed[3][6].		* '''July 22, 2019''': First batch of 25 companies listed[3][6].

	=== STAR Market ETFs ===		=== STAR Market ETFs ===