Shenzhen: The ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, saw a decline of 1.62 percent, closing at 2,367.68 points on Wednesday.

According to Namibia Press Agency, the ChiNext Index is a key indicator that, along with the Shenzhen Component Index and other indices, represents the performance of stocks listed on the Shenzhen Stock Exchange. The latest decline highlights the current market challenges faced by growth enterprises in China.