China's sci-tech innovation board (STAR market) started trading on the Shanghai Stock Exchange Monday morning, with the first batch¹ of 25 companies debuting³ on the board.

 

中国科创板周一上午在上海股票交易中心开始交易，首批挂牌交易的企业有25家。
 

 

Establishment of the STAR market and the pilot registration-based initial public offering system will support China's innovation-driven economic development and the capital market reform, Li Chao, deputy head of the China Securities Regulatory Commission, said at the debut² ceremony.

 

First proposed in November 2018, the new board is designed to provide direct financing support for companies in the high-tech⁴ and strategic emerging sectors⁵, such as new-generation information technology, advanced equipment, new materials, new energy, energy saving and environmental protection.

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