China finalises new IPO rules for ChiNext startup board


Under the proposals, Shenzhen Stock Exchange, located in the southern tech hub, will vet applications based on disclosure rules.

SHANGHAI: China has finalised new rules for companies looking to list on Shenzhen's ChiNext board, streamlining the listing process and allowing IPO pricing to be fully determined by the market.

Spurred on by the trade war with the United States, China has sought to make it easier for startups, particularly tech firms it sees as strategically important, to gain access to domestic capital and to be less reliant on other venues such as New York and Hong Kong.

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China , IPO rules , Shenzhen , ChiNext , startup board

   

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