ChiNext Debuts: Who Will Be The First To Come Out With An ETF Based On This New Exchange

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October 30, 2009 11:41am ETF BASIC NEWS

chinextToday, China launched its ChiNext exchange, which is specifically designed for smaller, more speculative listings. It’s been compared to the NASDAQ and was created to


enable high-growth companies in the early stages of development to meet their financing needs. The new board is intended to help smaller Chinese companies in a financial system that has long favored big, state-owned companies.

28 stocks formed the first batch of companies listed on the ChiNEXT and all 28 stocks at least doubled in value in intraday trading. Marketwatch quotes Francis Lun, general manager at Fulbright Securities as saying, “It shows the immaturity of the Chinese market. Everybody is out for a quick profit, without considering the actual worth of the company. The risk is that all the money will go into the GEM [ChiNext] board. ChiNext is designed to fund innovation and risk taking. Hence, overvaluation is a worry.”

In the index hungry ETF market, we are wondering who will be the first in the race to design the first ChiNext ETF.

ChiNext Listed Companies   2009-10-30   
Code Short-Name Listing Date Issued Capital Negotiable Capital Industry Http
300001 TGOOD ELECTRIC 2009-10-30 133,600,000 26,880,000 Machinery www.qdtgood.com
300002 Ultrapower 2009-10-30 126,400,000 25,280,000 IT www.ultrapower.com.cn
300003 Lepu Medical 2009-10-30 406,000,000 32,800,000 Machinery www.lepumedical.com
300004 NanFeng Ventilator 2009-10-30 94,000,000 19,200,000 Machinery www.ntfan.com
300005 TOREAD 2009-10-30 67,000,000 13,600,000 Paper & Printing www.toread.com.cn
300006 LUMMY 2009-10-30 91,500,000 18,400,000 Pharmaceuticals www.cqlummy.com
300007 HANWEI ELECTRONICS 2009-10-30 59,000,000 12,000,000 Machinery www.hwsensor.com
300008 SHANGHAI BESTWAY 2009-10-30 50,400,000 10,080,000 Social Services www.bestwaysh.com
300009 ANKEBIO 2009-10-30 84,000,000 16,800,000 Pharmaceuticals www.ankebio.com
300010 lanxum 2009-10-30 105,150,000 21,200,000 IT www.lanxum.com
300011 Dinghan Tech 2009-10-30 51,376,000 10,400,000 Machinery www.dinghantech.com
300012 CTI 2009-10-30 81,770,000 16,800,000 Social Services www.cti-cert.com
300013 XNWL 2009-10-30 60,000,000 12,000,000 Transportation www.xinning.com.cn
300014 EVE 2009-10-30 88,000,000 17,600,000 Electronics www.evebattery.com
300015 AIER EYE HOSPITAL 2009-10-30 133,500,000 26,800,000 Social Services www.aierchina.com
300016 Beilu Pharma 2009-10-30 67,888,491 13,600,000 Pharmaceuticals www.beilu.com.cn
300017 Wangsu 2009-10-30 90,714,286 18,400,000 IT www.chinanetcenter.com
300018 ZYHD 2009-10-30 65,000,000 13,080,000 Machinery www.zyhd.com.cn
300019 GUIBAO 2009-10-30 51,000,000 10,400,000 Petrochemicals www.cnguibao.com
300020 ENJOYOR 2009-10-30 80,000,000 16,000,000 IT www.enjoyor.net
300021 DaYu Water-saving 2009-10-30 69,650,000 14,400,000 Machinery www.gsdyjsgs.com
300022 GIFORE 2009-10-30 89,350,000 17,920,000 Wholesale & Retail www.gifore.com
300023 BODE 2009-10-30 60,000,000 12,000,000 Machinery www.bode-e.com
300024 ROBOT 2009-10-30 61,500,000 12,400,000 Machinery www.siasun.com
300025 Huaxing Chuangye 2009-10-30 40,000,000 8,000,000 IT www.hxcy.com.cn
300026 Chase Sun Pharm. 2009-10-30 50,342,000 10,072,000 Pharmaceuticals www.chasesun.cn
300027 HBMC 2009-10-30 168,000,000 33,600,000 Media www.hbpictures.com
300028 GEEYA 2009-10-30 147,000,000 29,600,000 IT www.geeya.cn
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