Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 22 (Xinhua) — Technology companies now make up a larger share of China's A-share market as the country strengthens capital market support for scientific and technological innovation, China Securities Regulatory Commission Chairman Wu Qing said at a press conference on Monday.
The total market value of stocks listed on the science and technology platform accounts for more than a quarter of the market capitalization of China's A-share market, significantly exceeding the combined market capitalization of the banking, non-banking financial services and real estate sectors, Wu Qing said at a press conference to highlight the country's achievements during the 14th Five-Year Plan period (2021-2025).
In recent years, more than 90 percent of newly registered companies have been technology companies or highly knowledge-intensive enterprises.
According to Wu Qing, among the top 50 companies by market capitalization, the number of technology companies has increased from 18 at the end of the 13th Five-Year Plan period (2016-2020) to 24 now. -0-
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