August 24, 2020

Days before China's tech hub Shenzhen is set to celebrate its 40-year birthday, China on Monday sounded bugle for landmark market-orientated reform for the city's tech startup board, the ChiNext board, by adopting new listing rules that are more accommodative to growing companies. 

Chinese economists said the move highlighted the country's unwavering commitment to open up and reform, despite the complexities of US crackdown and internal economic challenges.

While the reform, which was widely cheered by investors on Monday, was in line with China's long-standing goal of improving its capital market - a crucial area for China's overall economic and technological rise, its launch had fresh meaning, as the new board will not only offer a fast track for Chinese tech firms but also help the country in beating back relentless crackdowns by an erratic US administration, analysts noted on Monday.

Read more:

https://www.globaltimes.cn/content/1198727.shtml