New mainland trading
31-03-2009
China has moved a step closer to launching a Nasdaq-style trading board for start-up companies. The mainland securities watchdog approved the move. But it didn't say when trading would begin. It will now establish a set of trading rules, a review committee and provide training to traders. The creation of the new board will make it easier for small and medium-sized companies to raise cash, as banks focus on lending to large state-owned enterprises. The new market will be run by the Shenzhen Stock Exchange.
