ChiNext Index closes lower - May 16

BEIJING - The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, fell 10.16 points, or 1.41 percent, to close at 709.96 points on Wednesday.

The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.

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