As China’s new Nasdaq-style board speeds to welcome its first IPOs, here’s a look at what’s changed for Chinese tech firms listing in the mainland, and if it could be pivotal in the emerging tech cold war
As the US-China trade war escalates into a tech cold war, China is launching its new Nasdaq-style board as early as this month, seeking to wean its best tech companies off US capital markets and funding.
This Wednesday, the Shanghai Stock Exchange will announce the application results of the first three companies that filed to list on the new tech board, namely Shenzhen ChipScreen Biosciences, Anji Microelectronics (Shanghai) and Suzhou Tztek Technology.
Preparatory work for the new board has been fast-tracked since President Xi Jinping announced a plan to launch a Nasdaq-style board in...
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