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.
Market value of China's ChiNext exceeds 12 tln yuan
China's logistics sector grossed a revenue of 10 trillion yuan (around 1.4 trillion U.S. dollars) in the first three quarters, representing a 3.7 percent year-on-year increase, according to data released by the China Federation of Logistics and Purchasing on Tuesday.
In September, the volume of orders received by logistics companies increased, with companies becoming more active with positive changes in key performance indicators, from the micro perspective.
In terms of structure, the supply in major transport logistics sectors remained stable. In the third quarter, the national railway transported a total of 1.004 billion tons of goods, up 3.8 percent year on year and setting new historic high in terms of quantity of goods delivered in a single quarter. The national railway also delivered 9.58 million TEUs of containers, up 17.3 percent year on year.
The air cargo logistics nodes quickened their recovery, with the cargo and mail transportation volume growing nearly 20 percent year on year in the third quarter, and the delivery scale continuously reaching monthly new highs in August and September.
The business revenues of major logistics enterprises under focal investigation grew by 4 percent year on year in the first three quarters, at a grow rate of 1.1 percentage points higher than that in the first eight months of the year.
"The supply and demand relationship in the entire logistics sector was further optimized. And with such sci-tech empowerment, enterprises further improved their management capabilities and their capacity to provide integrated and diversified services to the supply chain. Under these factors' comprehensive impact, costs of every hundred yuan revenue of these logistics companies were lowered," said Liu Yuhang, director of the China Logistics Information Center.
China's logistics revenue up 3.7 pct in 9 months
