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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
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