Shenzhen's tech-heavy ChiNext 'hottest market'
Investors warned not to get carried away as startup board shows meteoric rise
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
CHINA'S investors are fuelling their own version of a dotcom bubble, going by the meteoric rise in the shares of a newly listed Internet video company. The 42-fold jump in the shares of Beijing Baofeng Technology since the company went public in March puts it well ahead of gains chalked up by rival stock listings, but it is no outlier on the Shenzhen stock exchange's startup board ChiNext.
The tech-heavy ChiNext index has more than doubled this year, making it the hottest share market in the world. New listings there have posted average gains of about 500 per cent - a punter's dream.
Share with us your feedback on BT's products and services
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
