The Shanghai Stock Exchange’s year-old STAR Market has outperformed similar markets and is set to host one of the biggest-ever IPOs. We introduce you to the new exchange and its companies.
Share prices are displayed during the listing ceremony of the first batch of companies on the STAR Market in Shanghai, China, July 22, 2019. Credit: Imaginechina via AP Images
Ant Group, China’s financial technology behemoth and the world’s most valuable private company, this week filed for a dual listing in Shanghai and Hong Kong. The move represents a coup for the mainland’s stock markets. The IPO, which will take place on the Hong Kong Stock Exchange and a new Shanghai Stock Exchange board called the STAR Market, could raise as much as $30 billion and value Ant at more than $200 billion.
What is the STAR Market, and what explains its rapid growth? Th
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
If Xi Jinping is becoming more preoccupied with internal politics, it could lead to a period of relative calm in China’s relations with the United States.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
