Shenzhen's ChiNext Surges, Outperforms Hong Kong Tech Peers
ChiNext, Shenzhen's start-up board, has become an investor darling, smashing records with its rally. This strong performance highlights a growing split in China's tech market, as ChiNext significantly outperforms its Hong Kong counterparts.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Low (24/100)Sources
China Tech Split Emerges as ChiNext Rally Beats Hong Kong Peer - Bloomberg.com
China Tech Split Emerges as ChiNext Rally Beats Hong Kong Peer Bloomberg.com
Read full article →ChiNext, Shenzhen’s Nasdaq, emerges as investor darling as start-up indexes smash records
An overhaul of listing and trading rules has driven a 16-year-old board for start-ups on the Shenzhen Stock Exchange to an all-time high, and traders believe the listed companies’ above-average earnings growth and exposure to renewable energy will extend the record-setting run. The ChiNext 50 Index of the board’s 50 biggest stocks and the ChiNext Composite Index both broke highs set in 2015 this week, outpacing other equity gauges of yuan-denominated stocks, which have yet to fully recoup the...
By Zhang Shidong
Read full article →
