BEIJING — The Shanghai Stock Exchange (SSE) on Tuesday launched the first batch of enterprises listed on a sci-tech growth tier on the nation’s Nasdaq-style Science and Technology Innovation Board, also referred to as the STAR Market.
The transfer got here after the China Securities Regulatory Commission (CSRC), the nation’s securities regulator, introduced on June 18 this yr the organising of the sci-tech growth tier, highlighting higher help for high-quality tech enterprises that aren’t worthwhile but.
Li Chao, CSRC vice-chairman, mentioned at a list ceremony on Tuesday that the newest transfer marks a stable new step ahead within the capital market’s help for technological innovation and the event of new high quality productive forces.