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Companies listed on the Star Market, the new Chinese index competing with the New York Nasdaq, had a surge Monday, July 22, the first day of listing. Reuters

Beijing announced it just eight months ago. A stock exchange for technology stocks was successfully launched this Monday, July 22 in Shanghai. "Star Market" is its name, built on the model of the New York Nasdaq index. 25 technology companies registered. For now, the big Chinese groups, Huawei, Ali Baba or Tencent are absent from this market. But it is above all the Chinese ambition in new technologies that asserts itself through "Star Market".

It was President Xi Jinping who announced the launch of this market in November 2018, China is then on the verge of breaking with the United States in a trade dispute where as we know the technological dimension is preeminent.

With the launch of "Star Market" in Shanghai, China is demonstrating its ambition to compete with the United States and its Nasdaq Stock Exchange in New York.

For the moment, we are very far from it since only 25 companies registered. The best known is the public company China Railway Signal & Communication, which raised more than one billion euros on this crazy first day. The novelty is that Beijing has also allowed dancers to enter the dance, as are often the young technological shoots.

Unlike Nasdaq, foreign companies are not allowed. Beijing wants to give priority to Chinese companies in priority areas, biotechnologies, space, materials and energies of the future.

In the first place, he intends to bring home the world giants that are Alibaba or Tencent, currently listed in New York and Hong Kong.