Shenzhen's tech-heavy ChiNext 'hottest market'

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.