Innovative industry raises 117 billion yuan on growth market

08:29, January 10, 2011      

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China's Nasdaq-style Growth Enterprise Market saw 153 start-ups which raised 116.75 billion yuan (US$1.761 billion) by the end of 2010 as the country resorted to the capital market to shore up the development of innovative industries, the chairman of the country's top securities watchdog said.

The market value of the GEM hit 736.5 billion yuan, among which -institutional investors hold 33.07 percent.

Source: Shanghai Daily
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