Delegates of the first batch of 28 selected firms for China's ChiNext pose for photos during the listing ceremony in Shenzhen, south China's Guangdong Province, Oct. 30, 2009. China's Nasdaq-style market, ChiNext, made their debut Friday on the Shenzhen-based exchange.

    SHENZHEN, Oct. 30  -- Twenty-eight small and medium-sized enterprises Friday started trading their shares at China's Nasdaq-style market, ChiNext, in Shenzhen, Guangdong Province.

    Huayi Brothers Media Corp., a movie producer, soared the most, up 122.74 percent from its IPO price, to open at 63.66 yuan per share.

    Zhongyuan Huadian Co. Ltd. increased the least by 46.26 percent from its IPO price to open at 47 yuan per share.

    ChiNext was expected to provide more fund-raising channels for small and medium-sized businesses of high technology and high growth.

    The central bank and the whole financial system will consistently support ChiNext, said Zhou Xiaochuan, governor of the People's Bank of China, the central bank, at the trade opening ceremony.

The index screen shows the increase of the opening prices of the first batch of 28 selected firms for China's ChiNext after their debut in Shenzhen, south China's Guangdong Province, Oct. 30, 2009. The first batch of 28 selected firms for China's Nasdaq-style market, ChiNext, made their debut Friday on the Shenzhen-based exchange. BEIJING, Oct. 23 (Xinhua) -- China held a launching ceremony Friday for its Nasdaq-style market, ChiNext, in Shenzhen, Guangdong Province. China holds a launching ceremony for its Nasdaq-style market, ChiNext, in Shenzhen, Guangdong Province, on Oct. 23, 2009     The first batch of 28 selected firms will make their debut on Oct. 30 on the Shenzhen-based exchange. 10 companies to list as China's GEM starts IPO procedures     BEIJING, Sept. 21 (Xinhua) -- Ten Chinese companies kicked off initial public offering (IPO) procedures Monday for listing on China's Nasdaq-style Growth Enterprise Market (GEM) at the end of October.     The 10 start-ups will complete their price inquiries and road shows by the end of this week, and begin subscription on September25, according to the prospectus posted on the website of the Shenzhen Stock Exchange.  Twenty-two Chinese companies listed on Nsadaq this year     NEW YORK, Oct. 28 (Xinhua) -- The Nasdaq OMX Group, Inc. has welcomed 22 companies from China to the Nasdaq Stock Market year- to-date in 2009, said the company on Wednesday.     The 22 listed Chinese companies, include eight IPOs, 13 OTCBB upgrades, and one switch to Nasdaq from NYSE AMEX.