Think rollercoaster meets tech revolution . China's STAR Market – the Shanghai Stock Exchange's answer to Silicon Valley-style growth – has weathered trade wars, pandemics, and economic turbulence since its 2019 launch. Despite a dizzying 46% plunge after initial success, this innovation hub now boasts a market cap 9 times larger than its debut ($5.17 trillion vs. $77.31 billion)
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Key stats:
12.1% of SSE's total market value (up from 1.7%)
15.3% of SSE's trading volume (triple initial figures)
Attracted 40% of SSE's IPOs in 2023
\"It's like watching TikTok disrupt traditional TV,\" says Capital Securities analyst Wang Jianhui. \"The growing pains are real, but the trajectory points to China's tech future.\" While the Shanghai Composite played it safer (+19%/-16%), STAR Market's high-risk, high-reward vibe now dominates 1/8 of China's premier exchange.
What's next? With young investors flocking to tech startups and biotech firms, this market could rewrite Asia's innovation playbook. Buckle up!
Reference(s):
cgtn.com