The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, declined 34.53 points, or 3.21 percent, to close at 1,040.62 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 exchange.

The ChiNext Board, which started trading on Oct. 30, 2009, is a Nasdaq-style growth enterprises board, and mainly lists high-tech companies and those with high growth potential.