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
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In a special bonus episode recorded live at the Asia Society, host Jane Perlez speaks with journalist and scholar Orville Schell about his 50 years covering Chinese leaders and their American counterparts. They attempt to answer the question: how did we get here?
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