New board to fund small tech firms
Print Edition
A new board for high-tech companies to be launched this year on the Shanghai Equity Exchange will offer an alternative funding channel for unlisted smaller businesses.
The new board will adopt a registration-based listing system which allows any firm meeting listing requirements to list, said Zhang Yunfeng, general manager of SEE, an over-the-counter market.
The board is dedicated to technology firms at all stages of development, Zhang added, but he didn’t give a start date.
Trading on the board will be subject to a 50 percent daily price limit. Individual investors with financial assets of more than 500,000 yuan (US$78,444) can trade on the board.
A number of companies in Zhangjiang High-Tech Park in the city’s Pudong New Area will become the first group to be listed on the planned board.
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