CHINA’S Nasdaq-style Star Market is set to attract more foreign investors in the coming quarters, thanks to the launch of its first market benchmark and its growing ability to attract quality tech names with overseas presence, according to leading global financial institutions. On Thursday, the Shanghai Stock Exchange released real-time data of the SSE Star Market 50 Index, the first official index gauging market performance of the board, which consists of 50 Star-listed firms with relatively large capitalization and good liquidity condition. The Star 50 edged down by 0.21% to 1494.14 points on Thursday. “More and more first-class, high-growth companies will pursue listing there (the Star Market), which offers a pool of premium Chinese assets for foreign investors. The Star Market offers foreign investors a unique opportunity to participate in the growth of the world’s second-largest economy by being able to invest in some of China’s best tech firms, Han said, adding that foreign investors should keep a close watch on the policy developments that facilitate investment in the Star Market.

Source: The Star July 25, 2020 01:52 UTC