Technology

The Star Market Overview 2Q 2020

Technology Author: Ivan Platonov Jul 23, 2020 03:22 PM (GMT+8)

ContributorsYingwei Fu, Beier Kan, Dixuan Lu, Qing Lan

EditorLuke Sheehan

Pages23

CopyrightEqualOcean Intelligence

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Introduction

This is EqualOcean's third quarterly overview of the Shanghai exchange's tech board. Here, we adhere to the same structure as in the previous editions: the first chapter is heavily data-based, while the second part describes key regulatory shifts and other narratives that happened in China's financial market in the last quarter.

Highlights

The free-float market cap of all the Star Market-listed firms reached CNY 377 billion on June 30, accounting for over 1.30% of the entire A-share market
New public companies raised CNY 21 billion in 22 Star Market IPOs in the three months through June 2020 – nearly 32% and 19% of that of the A-share market in terms of the number of listings and proceeds
The Star Market's semiconductor stocks were up by 22.43%; the cluster saw one new listing this quarter
The software developers therein added 27.29% to their market caps, with four new stocks listed
China's financial sector continued to open up, with QFII/RQFII canceled and major global index providers paying attention to the country's equities