Oct. 19, 2009 (China Knowledge) - China will launch its Nasdaq-style ChiNext board in Shenzhen on Oct. 23, and the first batch of 28 companies will start trading on Oct. 30, according to sources with the Shenzhen Stock Exchange.
An opening ceremony will be held for the long-awaited ChiNext board on Friday, said Shang Fulin, chairman of the China Securities Regulatory Commission, at a forum in Beijing.
The 28 new stocks will start trading on the Shenzhen Stock Exchange on Oct. 30 after obtaining approval from the listing committee of SZSE.
The 28 start-up firms, mainly engaged in the fields of pharmacy, software, new energy, culture and electronics, has raised a combined RMB 15.48 billion from the initial public offerings.
Another 121 companies have also submitted their application to list on the ChiNext board as of today.
The new board will help fuel the development of start-ups and other companies with a focus on innovation. It will also help establish a multi-level capital market in the country to provide new financing channel for the start-up firms, according to the chairman.
--
- Tan Yinglan
The Way of the VC: Having Top Venture Capitalists on Your Board (On Amazon)
http://tinyurl.com/wayofthevc
No comments:
Post a Comment