China Focus: IPO reform on start-up board spurs capital market vitality

SHENZHEN, Aug. 24 (Xinhua) -- Eighteen start-up companies went public Monday on the Shenzhen Stock Exchange under a new Initial Public Offering (IPO) system, releasing more of the vitality of the country's capital market.

The companies were listed under the registration-based IPO system, which aims to simplify and shorten the previously lengthy approval process for IPO issuance and enhance the capital market's inclusiveness to innovation and start-up firms.