The return of more red-chip companies also creates opportunities for foreign securities firms.
UBS Securities is the only foreign-controlled securities firm to participate in the issuing of the STAR market. Morgan Stanley Huaxin Securities has participated in four STAR market projects.
Zhou Haichen, director of SWS Research, said that the STAR market will become more mature. "Its positioning will continue to optimize with China's economic transformation, and the inclusiveness will be further improved," said Zhou.
Marking the board's anniversary, the benchmark Shanghai Composite Index started to include stocks listed on the STAR market to increase the weighting of emerging technology industries. The first index of the STAR board was released on Thursday.
"The STAR market is expected to form a virtuous circle among exchanges, issuers and investors in the future, giving birth to China's world-class tech companies and realizing the goal of returning the capital to the real economy," said Zhu.
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