(Yicai Global) March 26 -- The market value of China's upcoming science and technology innovation board may rise up to USD2 trillion once the new market is mature, according to the Goldman Sachs Group.

Experience shows that the first batch of newly issued shares can rise 83 percent on average in the first three months after listing, China Securities Journal reported, citing a report from the New York-headquartered investment bank. The estimate is based on Chinese growth companies, about 80 unlisted unicorns, and the comparison of US and South Korean sci-tech boards with the main boards.

The new board aims to make it easier for Chinese tech firms to go public and it is scheduled to be launched in the first half of this year. 

Valuations of firms that have gotten listed on Shenzhen's Growth Enterprise Market and the Small and Medium Enterprise Board are expected to be most comparable to those companies that go public on the innovation board, according to the report. 

Goldman Sachs analyzed over 3,600 Chinese firms in more than 140 fields, and listed 30 sectors that grew over 10 percent in revenue over the past three years and were less sensitive to economic growth. The financial company named these equities as "New China" stocks, including the fields of science, technology and healthcare.  

Around 30 firms will list on the sci-tech board in the first group with a total value of about CNY178 billion (USD26.6 billion) and the daily trading volume will reach over CNY18 billion, Citic Securities estimated in a report that was released yesterday. 

Editor: Emmi Laine