VC and PE companies race to catch rising STAR market

Chinese venture capital and private equity firms are moving "fast and furious" to catch up with the high-speed railway of the country's STAR Market, or the Nasdaq-style tech board.

As of Monday, Chinese VC and PE firms have spearheaded 105 companies' applications to be listed on the board. These companies accounted for 85 percent of the total firms that have applied, according to a report of Securities Daily.

Among those investments, companies focused on computer, communications and other electronic equipment manufacturing were dominant.