Greater Bay Today

Shenzhen SME board turns 15 with US$1.3 trn market cap

The Shenzhen Stock Exchange’s Small and Medium Enterprise board celebrated its 15th anniversary yesterday by counting its value. The shares of its 932 companies are now worth RMB8.6 trillion (US$1.3 trillion) or 16.4% of the country’s total, reports Yicai Global.

Since its opening in 2004, the SME board has seen RMB610.9 billion (US$88.7 billion) raised. It has also supported refinancing worth RMB1.6 trillion in the period, while 58 listed firms have refinanced over four times through the board, the SSE said in a statement.

SME Board constituents have distributed accumulated cash dividends of RMB442.8 billion over the fifteen years, making up 30% of their total accumulated net profit. Last year alone, they shared dividends of RMB93.7 billion. Security services firm Hikvision Digital Technology – currently being considered for placement on the US blacklist – ranked first with a dividend of RMB5.6 billion. It has paid dividends yearly for a decade.

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