With increases of up to 520%, the Chinese stock index debuted

As published by the Spanish newspaper La Vanguardia, The "Star Market" started with 25 signatures "among which a 520% ​​increase was recorded", as in the case of the chip maker Anji, which closed the session at 400%.

The newspaper added that The registration process is expected to be completed by 149 other companies ", which could bring the raised funds to about 130,000 million yuan (16,844 million euros)".

The creation of the index and the initial pilot system of public offer based on a register will help economic development based on innovation and capital market reform of the country, said Li Chao, director Deputy of the China Securities Regulatory Commission, in the Opening Ceremony, according to the Xinhua News Agency.

As well incorporates as novelty the absence of a ceiling for the price variation of a paper during the first five trading days and the following days, the shares can rise or fall by up to 20%, when the other indices set this limit at 10%.

The indicator, proposed in November 2018, aims to provide direct financial support to high technology companies and emerging strategic industries, such as next-generation computer technology, advanced new materials, etc. New energy, saving energy and protecting the environment.

The first group of STAR companies, whose investments in research and development are much larger than those of comparable companies included in other national indices, are mainly companies in the next generation of computer technology, advanced and biomedicine.