SHANGHAI, July 26 (Xinhua) -- China's Nasdaq-style sci-tech innovation board, also known as the STAR market, is expected to nurture world-class technology companies in China, considering its astonishing growth in the past year.
The STAR market marked its first anniversary on Wednesday, having been inaugurated on July 22 last year. So far, the STAR market has raised about 217.9 billion yuan (about 31 billion U.S. dollars) for 140 listed enterprises. Several leading tech firms, such as SMIC and National Silicon Industry Group, have a market value of about 100 billion yuan.
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