Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Outrage Ensues as Updated U.S. Student Visa Policies Force International Students into a Dilemma
Tencent’s PUBG Mobile Game Hits $3 Billion Milestone
Luckin Coffee Shareholders Vote to Remove Chairman, Bloomberg Reports
France Won’t Ban But Will Discourage Use of Huawei 5G Equipment, Official Says
Trending in China: ‘Lipstick King’ Li Jiaqi Settles in Shanghai, Prompting a Rethink of ‘Talent’
Tencent Plays in U.S. With California Game Studio Launch
Trending in China: Shenzhen Thinks Only Children Should Get Paid Leave to Look After Their Parents - Cue Heated Debate
German Drugmaker BI Launches Shanghai Center to Harness Chinese Expertise
Chinese Self-Driving Truck Firm Aims to Cover Most of U.S. by 2024
Trending in China: Chinese Netizens Tell Indian Prime Minister Modi To ‘Shut The Door On The Way Out’ As He Quits Weibo
Trending in China: If You Can’t Beat Them, Join Them – Why Tencent is Laughing At Itself
Meituan Eyes Robot-Enabled Deliveries with $14 Million Investment in PuduTech
India Ban Could Hit TikTok’s Parent Company to the Tune of $6 Billion
Sina Weibo to Issue $750 Million in Bonds
Embattled Leshi Forced to Sell Smart TV, Livestreaming Trademarks
Autowise.ai and Swiss Cleaning Carmaker Launch Driverless Street Sweeper
Trending in China: How an ‘Old Godmother’ Took on China’s Internet Giant and Won
China’s IT Spending Expected to Hit $297 Billion: IDC
TikTok Moves Data Protection of European Users from U.S. to U.K. and Ireland
Trending in China: Dazed and Confused – China’s Elderly in Online Pandemic World
Shanghai’s New Tech Board Sees High Valuations in First Month

By Timmy Shen / Aug 23, 2019 02:45 PM / Finance

Photo: VCG

Photo: VCG

Shanghai’s new tech board, dubbed the Star Market, has been up and running for a month since it started trading on July 22, and investors generally remain enthusiastic.

On Thursday, the board’s average price-to-earnings (PE) ratio was nearly 90, much higher than the ratio of 42 on Shenzhen’s ChiNext board, which hosts mostly tech companies, according to data from the Shanghai and Shenzhen stock exchanges.

In its first month of trading, the Star Market’s turnover totaled nearly 600 billion yuan ($84.6 billion), accounting for about 15.7% of the Shanghai stock market’s total turnover, data from the Shanghai bourse shows.

Read the full story on Caixin Global later today.

Contact reporter Timmy Shen (hongmingshen@caixin.com) 

Related: In Depth: China’s New Tech Board Takes Off for Long-Term Mission

Share this article
Open WeChat and scan the QR code