This is second quarterly overview of the Shanghai exchange's tech board. Here, we adhere to the same structure as in the previous edition: 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.
Highlights
- After peaking in early March, the board dwindled, despite several new IPOs
- The free float market cap of all the Star Âé¶¹Ô´´-listed firms on March 31 was CNY 212.57 billion, which is over 0.86% of A-share market – up from 0.57% on December 31, 2019
- New public companies on the board raised CNY 29 billion in 24 IPOs in the first quarter of 2020 – nearly 47% and 37% of A-share market in terms of the number of listings and proceeds
- Semiconductor stocks were up 14.5% – the cluster saw four new listings; CNY 7.66 billion was raised on IPO days by the new publicly traded chipmakers
- Software developers added 17.91% to their market caps; five new stocks appeared – the cluster’s stocks made up one-fifth of the Star Âé¶¹Ô´´ total value as of March 31
1 Introduction
2 Highlights
3 Pain and gain amid global turbulence: numbers, patterns and industries
4 Unstoppable financial reform: rules, upgrades and stories
5 Other reports on the Star Âé¶¹Ô´´
6 Our services
List of Tables
18 Charts Depicting key changes and quantifying 1Q 2020 market trends
8 Narratives Touching upon new regulations and China's ongoing financial reform
List of Figures
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*If Applicable.