China's STAR market injects impetus into sci-tech innovation

STORY: China's STAR market injects impetus into sci-tech innovation DATELINE: July 22, 2022 LENGTH: 00:01:21 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1 various of Shanghai 2 SOUNDBITE 1(Chinese): ZHU JIAN, Vice President, CloudWalk Technology Co., Ltd. 3 SOUNDBITE 2(Chinese): YANG CHONGHE, Chairman and CEO, Montage Technology STORYLINE: China's Nasdaq-style sci-tech innovation board, known as the STAR market, has continued to advance the innovative transformation of the Chinese economy. Friday marked the board's third anniversary. During the past three years, 439 firms have been listed on the STAR market, raising more than 640 billion yuan (about 95 billion U.S. dollars) via initial public offerings. CloudWalk Technology Co., Ltd. was listed on the STAR market in May, becoming the first AI company on the market. SOUNDBITE 1 (Chinese): ZHU JIAN, Vice President, CloudWalk Technology Co., Ltd. "The development of the STAR market provides unprecedented value for our business development from tw