Plans for New Board Dropped, Leaving Overseas-Listed Firms in Limbo

(Beijing) – The government's sudden decision not to establish a new board on the Shanghai Stock Exchange anytime soon has left many overseas-traded Chinese tech firms that planned to switch to the bourse in limbo.

Changes to a draft of the latest five-year plan, which sets policy priorities from 2016 to 2020, show the government no longer considers creating a board for mostly high-tech companies important.