The Star Market Overview 1Q 2021
Paid Research

The Star Market Overview 1Q 2021

Paid Research

The Star Market Overview 1Q 2021

Technology, Financials Author: Fuller Wang May 03, 2021 09:18 AM (GMT+8)

ContributorsIvan Platonov, Yingwei Fu, Skye Lan, Yangni Liu, Jiahao Yang

EditorLuke Sheehan


CopyrightEqualOcean Intelligence

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This is EqualOcean's sixth quarterly overview of the Star Market. We adhere to the same structure in our previous paper. The first chapter will be heavily data-based. The second part will describe regulatory shifts and other narratives to inform readers regarding China's financial market. The third part will analyze three top-performing newly-listed companies of the Star Market.


  • The free-floating market cap of all the Star Market-listed firms reached CNY 838 billion as of March 31, 2021.
  • New public companies on the board raised CNY 61 billion in 44 IPOs in the 1Q 2021.
  • The weighted-average price return of the Star Market in 1Q 2021 decreased to -12.14% from 7.76% in 4Q 2020.
  • Semiconductor stocks were down by 20.0% – yet still retain its largest market capitalization.


  • 1 Introduction
  • 2 Highlights
  • 3 A new wave of correction
  • 4 Refined regulations and globalization
  • 5 New stocks soar, lead the market

In this report

25 Charts

depicting key changes and quantifying 1Q 2021 market trends

3 Case studies

analyzing the top three big new-listed winners on the Star Market in 1Q 2021

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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