The Star Market Overview 1Q 2021

The Star Market Overview 1Q 2021

The Star Market Overview 1Q 2021

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

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

EditorLuke Sheehan

Pages24

CopyrightEqualOcean Intelligence

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Introduction

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.

Highlights

  • 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.

Contents

  • 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

Selected reports
The Commercialization of The Domestic AI Industry In 2022
An Overview of China's Industrial Metaverse in 2022 and Beyond
Big Players Dominate China’s ERP Market, but Local Upstarts are Catching up
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