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Showing posts with the label China Star Market.

News | Business | China Star Market: Market: China's Star market aims to take on the Nasdaq

 Justin Harper  3-4 minutes - Source: BBC Image copyright Getty Images Image caption China's Star market launched a year ago this week in Shanghai The Star market, China's answer to the Nasdaq, celebrates its first anniversary this week. The tech-heavy stock market was set up at the request of President Xi Jinping as relations with the US began to sour. Officially called the Shanghai Stock Exchange Science and Technology Innovation Board, it now includes more than 120 firms. It's already Asia’s most valuable stock market, valued at more than $400bn (£314bn). This month it hit a record level in terms of new listings as it raised more th