China's Nasdaq-style board helps 540 companies attract funding

ChiNext Board, China's Nasdaq-style market, has helped 540 companies raise finance worth 619.1 billion yuan ($91.3 billion) in the past seven years, according to China's securities regulator data on Friday.

Since its launch on October 30, 2009, ChiNext Board has become the financing platform of Chinese innovative and start-up companies.

By September 30, 2016, the market value of 540 listed companies had totaled 5.2 trillion yuan and the market value of 153 companies each exceeded 10 billion yuan.

The average revenue of ChiNext-listed companies in 2015 was 1.1 billion yuan in 2015, and their average net profit was 120 million yuan.

"ChiNext Board plays an important role in promoting technology innovation and development of Chinese companies and adjusting the economic structure," said Deng Ge, a spokesman of China Securities Regulatory Commission.

ChiNext-listed companies are mainly in industries of technology information, energy conservation and environmental protection and high-end manufacturing, new material and new energy.