Year-ender: Major financial news of China
STAR Market makes stellar debut
China's science-technology innovation board, known as the STAR Market, shone on the first day of trading at the Shanghai Stock Exchange on July 22.
The first batch of 25 stocks listed on the newly-launched science and technology innovation board at the Shanghai Stock Exchange were hotly pursued by keen investors that day.
The prices of all 25 stocks more than doubled on July 22, with Anji Microelectronics Technology Co Ltd, a manufacturer of semiconductor materials, surging by more than 400 percent.
The sci-tech innovation board, which officially opened on June 13, has a registration system being piloted for the listing of companies, aiming to improve capabilities to service technology innovation enterprises, enhance market inclusiveness and strengthen market functions.
