Interpretation of the STAR Market

Throughout the history of human development, rounds of technological revolutions and industrial transformations have continuously reshaped the world. With the step-by-step transfer of products, industries and technologies between different countries, the flow of innovation resources is accelerating, pushing global innovation into a new era.

In this new era, China is facing a historic opportunity. A Stone from Another Mountain Can Polish Jade. In the face of global problems, we must strengthen innovation in the whole chain, comprehensive innovation and global innovation. China strives to build Shanghai into a technological innovation center and strives to China is building itself into an innovative country. China must strengthen cooperation with developed countries, strengthen Sino-foreign innovation dialogue, and learn from advanced international experience; in the face of future global technological innovation trends, China must actively rely on entrepreneurs, aim at strategic emerging industries and Chinese manufacturing, and use capital Strive to lead the next round of scientific and technological revolution and industrial transformation. So as to change China and make China stronger.

After 40 years of reform and opening up, China joined the WTO in 2000, coupled with domestic demographic dividends and property market dividends, in 2018 China's total GDP reached 13.6 trillion US dollars, ranking second in the world after the United States, becoming a fastest developing country among emerging economies.

In the face of China's growing strength, the WTO has created a trade surplus in China and a trade deficit in the United States. China-US Trade Frictions are inevitable. China-US Trade Frictions have opened the prelude to the competition between China and the United States in the fields of trade, technology, and finance.

The SSE STAR Market is precisely the inevitable product of China under this historical background. On November 5, 2018, General Secretary Xi Jinping announced to the world at the opening ceremony of the China Import Expo that the SSE STAR Market will be established on the Shanghai Stock Exchange and a pilot registration system will be launched. In just 259 days, the first batch of 25 companies were listed and traded on the SSE STAR Market, marking the official landing of China. The launch of the SSE STAR Market will lead China's capital market into an era of comprehensive reform.