• In 2017, SSE launched the "New Blue-chip" corporate listing service, to welcome more companies from emerging industries.

  • In June 2018, SSE published pilot rules on listing, trading and regulation of stocks or DRs of Innovative Enterprises. So far the SSE has formed a comprehensive listing service plan for BATJ-like and Unicorn companies.

  • On November 5, 2018, during the China International Import Expo, President XI Jinping announced the introduction of the Sci-Tech Innovation board and the pilot registration system in the SSE.

  • On March 1, 2019, the SSE released the six supporting rules and guidelines for launching the STAR Market and piloting the Registration-based IPO System.

  • In April, 2019, the SSE appoints members of the first Stock Listing Committee, Advisory Committee, Public Offering Self-discipline Committee for the SSE STAR Market.

  • On June 13, 2019, the SSE STAR Market was officially launched during the Lujiazui Forum.

  • From July 1 to 5, 2019, the SSE held the first training session on qualification of secretary to directorate for the SSE Star Market.

  • On July 22, 2019, the first batch of 25 companies were listed on the SSE STAR Market.

  • On July 27, 2019, the SSE, SZSE and HKEX reached consensus on inclusion of A+H stocks on SSE STAR Market in Shanghai, Shenzhen-Hong Kong Stock Connects.

  • In November 2019, the SSE opened a column of company snapshot on the SSE STAR Market's English website to help international investors to understand the companies on the market and further propel foreign funds to involve in the market.

  • On November 29, 2019, the SSE released the SSE Rules for Reviewing Significant Asset Reorganization of Listed Companies on SSE STAR Market.

  • On March 27, 2020, the SSE released the Interim Provisions on Application and Recommendation of Enterprises for Issuance and Listing on SSE STAR Market.

  • In Apr, 2020, the SSE STAR Market scores the first 100 of listed companies.

  • In June, 2020, the SSE released the Notice on Matters Concerning the Red-chip Enterprises Applying for Offering and Listing on the SSE STAR Market.

  • On July 22, 2020, the SSE and the China Securities Index Co., Ltd. released the historical data of the SSE STAR Market 50 Index (short name: STAR 50) after the market closes, and launched the real-time data of the index on July 23.

  • On July 22, 2020, the SSE held the Listing Ceremony for One Year Anniversary of STAR Market.

  • On Nov 27, 2020, the SSE and the China Securities Index Co., Ltd. (CSI) announced that stocks that have been listed on the SSE STAR Market for more than one year will be included into the index universe of the SSE 180, CSI 300 and other constituent indices.

  • On February 3, 2021, the SSE issued the Guidelines No. 1 for Application of Rules for Review of Issuance and Listing on STAR Market - On-site Supervision of Sponsorship Business to regulate the operations of the on-site supervision of the sponsorship business for issuance and listing on the STAR Market and urge sponsors and securities service agencies to perform their duties diligently and effectively fulfill the responsibilities as "gatekeepers" of the capital market.

  • On July 15, 2022, the SSE issues the SSE Detailed Rules for Implementation of Market-making Trading of Stocks on the STAR Market (hereinafter referred to as the Detailed Rules for Implementation) and SSE Guidelines for Securities Trading No. 8: Market-making of Stocks on the STAR Market, which makes more specific and detailed trading and supervision arrangements for the market-making trading of the STAR Market.

  • On March 17, 2023, the first Sci-tech Innovation Advisory Committee (hereinafter referred to as the Advisory Committee) of the Shanghai Stock Exchange (SSE) has provided great professional support in building the STAR Market and evaluating the sci-tech innovation attributes of enterprises. In order to implement the national innovation-driven development strategy and facilitate sci-tech self-reliance and self-strengthening at higher levels, under the guidance of the China Securities Regulatory Commission, the SSE has optimized the operating mechanism of the Advisory Committee, adjusted its member structure and enriched its expert resources. In accordance with relevant institutional rules and procedures, it has drawn up a list of members of the second Advisory Committee and hereby made it public.

  • On July 21, 2023, the Shanghai Stock Exchange (SSE) and the China Securities Index Co., Ltd. formally announced the release arrangement of the SSE STAR 100 Index (hereinafter referred to as the STAR 100 Index). The STAR 100 Index selects 100 securities from the STAR Market with medium-sized market capitalization and good liquidity as index samples. Together with the STAR 50 Index, they form the scale-based index series of the SSE STAR Market, reflecting the overall performance of securities of STAR Market listed companies with different scales in terms of market capitalization.

Highlights of the SSE STAR Market compared to existing markets

For more information on the SSE STAR Market, please visit:http://star.sse.com.cn/en/

Key Features Sci-Tech Innovation Board (SSE) Main Board/SME Board ChiNext Board (SZSE)
Listing Mechanism
  • Registration-based
  • Approval-based
  • Approval-based
Eligible Investor
  • Financial assets no less than RMB 500,000

  • Investment experience no less than 24 months
  • Meet general conditions
  • Investment experience no less than 24 months, or

  • Sign relevant risk acknowledgement letter
Listing Requirements
  • Focus on enterprises that are in line with national strategies,
    possess key technologies and have outstanding scientific
    and technological innovation capabilities

  • Emphasize market value and revenue instead of net
    income requirements

  • 5 different sets of financial requirements for
    different level of valuation
  • Requirements on net asset, cash flow,
    revenue, and net income
  • Requirements on net asset, revenue, and net income
Price Limit
  • ±20%

  • No limit for the first 5 trading days
  • ±10%

  • ±5% for ST and *ST stocks

  • -36% ~ +44% for the first trading day
  • ±10%

  • ±5% for ST and *ST stocks

  • -36% ~ +44% for the first trading day
Trading Mechanism
  • Continuous auction

  • Call auction

  • Block trade

  • After close fixed-price trading
  • Continuous auction

  • Call auction

  • Block trade
  • Continuous auction
  • Call auction
  • Block trade
  • Allow companies with dual-class share structure
    to list
  • Allow Red-chip companies to list through stocks
    or depository receipts