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.