• SENSEX
    NIFTY 50
Business

China launches Nasdaq-style tech board in Shanghai

Updated : June 13, 2019 10:45 AM IST

First announced by President Xi Jinping in November, Shanghai's new tech board is largely seen as Beijing's move to become self-sufficient in core technologies such as chips, IT and biotech.
So far, 120 companies have applied to list on the board.
Complete with a US-style registration-based IPO system, the STAR Market would be mainland China's first exchange-run board that allows pre-profit firms to list.
China launches Nasdaq-style tech board in Shanghai
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV