The sci-tech industry is reshaping China’s capital market, in keeping with the 2025 annual reviews and the 2026 first-quarter reviews not too long ago launched by firms listed on China’s A-share market.
This week, the inventory value of Yuanjie Semiconductor Technology Company surpassed that of the premium liquor producer Moutai and ranked first amongst A-share shares.
The share value of Cambricon Technologies additionally reached a peak of 1,900 yuan (about 279 U.S. {dollars}) final Wednesday, setting a brand new file.
Only 4 shares within the A-share market commerce above 1,000 yuan, and three of them are within the tech sector.
The annual reviews from over 5,200 firms listed on the Shanghai and Shenzhen inventory exchanges present that the sci-tech sector stands out for its exceptionally excessive analysis and improvement funding depth.
In 2025, the analysis and improvement funding of listed firms stood at 1.7 trillion yuan, accounting for two.6 p.c of their income, reaching a historic excessive.
In the STAR Market (Sci-Tech Innovation Board), the analysis and improvement funding was near 190 billion yuan, sustaining a analysis and improvement depth of almost 13 p.c for seven consecutive years. Among them, the median analysis and improvement depth of firms within the Sci-Tech Innovation Growth Layer was 43.7 p.c, which implies that for each 100 yuan of income, 43.7 yuan was invested in analysis and improvement.
The analysis and improvement funding within the ChiNext market exceeded 220 billion yuan, up almost 10 p.c. Chinese battery big CATL spent 22.1 billion yuan on analysis and improvement alone in a single yr. In April this yr, its whole market worth as soon as surpassed that of conventional giants like China National Petroleum Corporation and Industrial and the Commercial Bank of China, rating second amongst A-share shares. Among the 20 firms with the very best inventory costs on the A-share market presently, 19 are know-how firms, accounting for 95 p.c of the full. But 5 years in the past, this determine was solely 55 p.c.
Foreign establishments additionally stay optimistic about China’s capital market. Goldman Sachs not too long ago maintained an obese score for China’s inventory market, believing that A-shares will generate extra returns for buyers in areas comparable to synthetic intelligence.
Sci-tech industry reshapes China’s A-share market
At the invitation of Djiboutian President Ismail Omar Guelleh, Chinese President Xi Jinping’s particular envoy Losang Jamcan on Saturday attended Guelleh’s inauguration in Djibouti City, the capital of Djibouti.
Guelleh met with Losang Jamcan, additionally vice chairman of the Standing Committee of the National People’s Congress, on the People’s Palace on the identical day. Losang Jamcan conveyed Xi’s heat congratulations and greatest needs to Guelleh, noting that underneath the strategic steering of each leaders, the China-Djibouti complete strategic partnership has continued to deepen lately.
China is prepared to work with Djibouti to implement the consensus reached by the 2 heads of state, carry ahead conventional friendship, develop sensible cooperation, and promote the additional improvement of China-Djibouti relations, Losang Jamcan stated.
For his half, Guelleh requested Losang Jamcan to convey his honest greetings to Xi, and thanked Xi for sending a particular envoy to his inauguration ceremony.
China has all the time been a reliable companion of Djibouti, Guelleh stated, including that Djibouti is prepared to additional strengthen solidarity and cooperation with China, improve pleasant exchanges in numerous fields, keep shut coordination in worldwide affairs, and promote the bilateral relations to a brand new stage.
Xi’s special envoy attends Djiboutian president’s inauguration