The Star Market Overview 4Q 2020

The Star Market Overview 4Q 2020

The Star Market Overview 4Q 2020

Technology, Financials Author: Skye Lan Jan 28, 2021 01:11 PM (GMT+8)

ContributorsIvan Platonov, Yingwei Fu, Chendi Qian, Yangni Liu, Zhenduo Wang

EditorLuke Sheehan, Zhiqing Chen


CopyrightEqualOcean Intelligence

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This is EqualOcean's fifth 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.


  • The free-float market cap of all the Star Market-listed firms as of December 31 reached CNY 881 billion
  • New public companies on the board raised CNY 35 billion in 32 IPOs in the 4Q 2020
  • The weighted-average price return of the Star Market in 4Q 2020 increased to 7.76% from -3.15% in 3Q 2020
  • Hardware stocks were up by 32.46%, outperforming other industry clusters


  • 1 Introduction
  • 2 Highlights
  • 3 Growth and fluctuations: numbers, patterns and industries
  • 4 More standardized, more diverse: rules, upgrades and stories
  • 5 Other reports on the Star Market
  • 6 Our services

In this report


depicting key changes and quantifying 4Q 2020 market trends


touching upon new regulations and China's ongoing financial reform

Selected reports
China Technology Industry Trends to Watch 2023
2022 China SaaS Industry Analysis Report
2022 China New Energy Tech Industry Report
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