The Star Market Overview 1Q 2021

The Star Market Overview 1Q 2021

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


depicting key changes and quantifying 1Q 2021 market trends

Case studies

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

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