Reforms to strengthen ChiNext

Bourse looks to bring more enterprises focused on innovation under its fold

Groundbreaking reforms and a possible market uptrend are dawning for Shenzhen's ChiNext, after the innovative enterprise-heavy board marched into its second decade of development on Wednesday, analysts said.

The ChiNext Index ended down 0.99 percent at 1650.29 points on Wednesday, as the board marked its 10th anniversary. Biotechnology shares led the losses, while firms with the potential of being involved in reverse mergers went up on the back of recent government policy relaxation.