Shanghai's New Technology Board Gets off to a Strong Start

| BY

Marilyn Romero

With streamlined and registration-based rules issued last month, the new Sci-Tech Board is rapidly attracting IPO applications.

China stock market

Since it was first officially announced last November by President Xi Jinping, Shanghai's new Science and Technology Innovation Board, or Sci-Tech Board, has made rapid progress. The China Securities Regulatory Commission, or CSRC, and the Shanghai Stock Exchange, or SSE, implemented new rules for its governance in the first week of March this year. By April 2, the SSE announced that it had already accepted 37 companies' applications for listing, and these companies will now go on to the second stage of audit and inquiry before they can successfully be listed on the Sci-Tech Board.

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