Since the launch of China's science and technology innovation board, also known as the STAR Market, in 2019, the scale and total market values of listed companies have continued to grow over the past three years.

At market close on July 21, a total of 437 enterprises have been listed on the Shanghai Stock Exchange's (SSE) sci-tech board, with total market value exceeding 5.8 trillion yuan ($860 billion), The Paper reported on Friday, quoting data from markets information provider Wind.

Over the past three years, more than 70% of individual stocks on the sci-tech board have risen in price. On Thursday's close, the SSE Science and Technology Innovation Board 50 Index increased 1.10% to 1,091.41 points, despite the three major indexes of A-share market closing lower.

The market value of 153 listed enterprises on the STAR Market surpassed 10 billion yuan on Thursday. Of these, 18 enterprises exceeded 50 billion yuan, and five enterprises have recorded over 100 billion yuan in market value, the newspaper reported, citing data from Wind.

In particular, Chinese top chipmaker SMIC took the first place with a market value of 166 billion yuan.

Since the launch of China's STAR Market, China has further piloted the registration system, and has been promoting the reform and upgrading of other systems relating to areas such as issuance, listing, information disclosure, trading and de-listing.

These reforms have demonstrated as applicable for the market, according to the SSE.

(Cover via CFP)