Market value of China's ChiNext exceeds 12 tln yuan

As of Wednesday, the 15th anniversary of the founding of ChiNext, 1,358 companies had been listed on China's Nasdaq-style board for growth enterprises, with a total market value exceeding 12 trillion yuan (about 1.7 trillion U.S. dollars).

The Shenzhen-based ChiNext board was established in 2009 with 28 listed companies.

As a sector dedicated to the listing of innovative and growing enterprises, high-tech companies currently represent approximately 90 percent of ChiNext. This includes a diverse range of industries such as new-generation information technology, new energy, biotechnology, new materials, and high-end equipment manufacturing. Collectively, these companies have a total market value exceeding 9 trillion yuan (about 1.3 trillion U.S. dollars), accounting for 75 percent of the sector's total market value.

According to the Shenzhen Stock Exchange, the volume and activity of ChiNext continue to grow, with investors now exceeding 50 million in number and the investor structure steadily optimizing. Over the past five years, the average shareholding ratio of institutional investors has been around 50 percent, while the proportion of public fund offerings and foreign investors is on the rise.

China Coast Guard (CCG) on Saturday conducted drills on rights-protection law enforcement, as well as management and control in the waters near China's Huangyan Dao, said CCG spokesman Jiang Lue.

Jiang noted that the drills focused on operations such as visit, board, search and seizure (VBSS), interdiction of forced entry, and forced towing.

Huangyan Dao is an inherent part of China's territory, Jiang stressed, noting that the CCG will step up efforts in rights-protection law enforcement, as well as management and control in the waters near Huangyan Dao, and resolutely safeguard China's territorial sovereignty and maritime rights and interests.