: While it has grown significantly in market capitalization, it is characterized by higher volatility and is primarily composed of private enterprises (over 80% of listed firms). 2. Star China Media & China Star Entertainment
1. Shanghai Stock Exchange STAR Market (The "Nasdaq of China")
: Unlike traditional Chinese exchanges, the STAR Market allows companies that are not yet profitable to go public if they meet specific market value thresholds.
Launched in July 2019, the Shanghai Stock Exchange STAR Market (Science and Technology Innovation Board) is a key pillar of China's strategy to become a global high-tech leader.