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Kuaishou Looks to Give Small and Midsize Merchants a Livestreaming Leg Up
China’s Vice Premier Vows Support for Digital Platforms
China’s Vice Premier Vows Support for Digital Platforms
Kuaishou Looks to Give Small and Midsize Merchants a Livestreaming Leg Up
New Drug Rules Loom Over Online Pharmacies
Xiaomi’s Indian Unit Cleared for Operating Funds Until May 23
China’s Livestream Platforms Ordered to Stop Minors Tipping
Chinese Smartphone-Makers Must Spend Big to Challenge Apple, Oppo’s China Chief Says
CATL Poaches Huawei Veteran to Lead Next Generation Battery Development
Baidu, Cleared to Test Robotaxis in a Beijing Suburb
U.S. Court Denies Richard Liu’s Request to Limit Questioning in Rape Accuser’s Civil Suit
NetEase’s Cloud Village Sues Rival Tencent Music Again Citing Unfair Competition
Drone-Maker DJI Temporarily Stops Doing Business in Russia and Ukraine Gets Licensed to Run Robotaxis in South China
Huawei Targets Corporate Clients as Consumer Business Suffers
Tesla’s Shanghai Plant Reopens After Three-Week Covid Closure
China Bans Online Platforms From Livestreaming Unapproved Games
TSMC Reports Healthy Profit Growth Driven by Demand for High-End Computer Chips
Nio Joins Caravan of Automakers Halting Production in China Due to Covid
Chinese Internet Companies Add 79,100 Jobs in Nine Months Founder Richard Liu Becomes Latest Tech Billionaire to Give Up CEO Role
China Venture Deal Poses Uncertainties to Arm’s Licensing Income

By Fran Wang / Dec 10, 2018 03:08 PM / Economy

China's proposed high-tech stock board will lower the profitability requirements for candidate companies but will not directly accept biotech firms that have not had any income, a source close to the Shanghai Stock Exchange has revealed amid scant early details.

Draft rules for the upcoming trial of the board's registration-based IPO system have been completed but are still pending changes, the source said. These comments show it is likely that money-losing startups, who are generally barred from listing on the mainland, would be allowed to list, and also provide a rare early look at IPO reforms that were announced in early November but have been kept under wraps.

The creation of a new high-tech trading venue, possibly to be modeled on the wildly successful Nasdaq Stock Exchange in the U.S., is meant to boost business confidence amid slowing growth and mounting U.S. tariffs.

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