The Star Market Overview 3Q 2020

The Star Market Overview 3Q 2020

The Star Market Overview 3Q 2020

Financials Author:Yingwei Fu Oct 31, 2020 08:00 PM (GMT+8)

ContributorsBeier Kan, Qing Lan, Hang Yang, Ivan Platonov

EditorLuke Sheehan


CopyrightEqualOcean Intelligence

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EqualOcean's fourth quarterly overview of the fledgling marketplace. Here, we adhere to the same structure as in our previous paper: a data-heavy first chapter is followed by a second part describing regulatory shifts and other narrative elements essential to telling the story of China's financial opening-up.


  • The free-floating market cap of all the Star Market-listed firms as of September 30 reached CNY 579 billion
  • The 63 IPOs in 3Q 2020 collected CNY 21 billion, accounting to 58% of A share's proceeds
  • Semiconductor stocks were down by 4.3% – still retaining the largest market cap
  • China's financial sector continued to open up, started to accept Chinese Depository Receipts to attract more applicants and issued the first foreign mutual fund license
  • The launch of the board's composite index Star 50 happened in the beginning of 3Q 2020


  • 1 Growth and Fluctuations: numbers, patterns and industries
  • 2 More standardized, more diverse: rules, upgrades and stories

In this report

63 IPOs

on the Star Market, accounting for nearly one-third of the new A-share listings

16 charts

tell how the Star Market stocks fluctuated in the third quarter of 2020

About the research

EqualOcean Intelligence is the research and consulting division of EqualOcean. It provides market and investment analysis, as well as advisory services for global enterprises and public decision-makers. Widely recognized across a number of industries thanks to its service capacity and research methodology, EqualOcean Intelligence closely tracks cutting-edge technologies, applying unique frameworks and models to solve longstanding and emerging problems.

EqualOcean Intelligence's scope comprises eight major sectors: technology, consumer, healthcare, automotive, industrials, financials, communication and real estate. With over 100 experienced and qualified analysts at work, EqualOcean Intelligence is one of the few institutions delivering content in both English and Chinese, together with the requisite expertise to interpret both cultures. This rare talent mix is one of the reasons EqualOcean is widely quoted by so many top global publications.

Leveraging two major channels – and – and supported by a network of thousands of technology and industry experts, EqualOcean Intelligence is a highly competitive player in business analysis, in China and around the world.

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