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ChiNext fosters more than 250 multi-millionaires

By Yu Hongyan (chinadaily.com.cn)
Updated: 2010-08-06 15:19

China's Nasdaq-style ChiNext board has fostered more than 250 multi-millionaires whose assets total more than 100 million yuan as of Thursday, just nine months after the board's debut on the Shenzhen Stock Exchange, the Shanghai Securities News reported Friday.

The top nine of them each holding stock worth more than 1.5 billion yuan based on Thursday's closing prices, the paper said.

Related full coverage:  Launch of Growth Enterprise Board  Related readings:  ChiNext Index up -- August 5  ChiNext Index officially launched Tuesday

Wen Jianping, chairman of Beijing Origin Water Technology Co, tops the list with the market value of his stock reaching 3.67 billion yuan.

Wen's colleague Liu Zhenguo, vice chairman of Origin Water, ranks second with 2.76 billion yuan on hand.

The ChiNext has enrolled 100 companies on board, with three joining the board Friday.

The 100 companies on the board have raised 71.23 billion yuan through their IPOs, according to the paper.

The ChiNext board started trading on October 30, 2009, and mainly lists high-tech companies and those with high growth potential.