Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Luckin Co-Founders Hand Over Shares to Lenders After Defaulting on Half Billion Dollar Loan
Huawei Pay Debuts in Singapore
Will iQiyi be the Next Luckin?
LATEST
Apple Partner Foxconn to Start Making Ventilators in U.S.
Will iQiyi be the Next Luckin?
China Gives Final Key Approval for German Chip Giant Infineon to Buy U.S. Rival
Japan Emergency Decree Shuts Headquarters, Nintendo Flagship
Tencent Becomes Majority Shareholder in Chinese Game Live-Streamer Huya
Luckin Co-Founders Hand Over Shares to Lenders After Defaulting on Half Billion Dollar Loan
Huawei Pay Debuts in Singapore
Credit Suisse Drops Off WeDoctor’s Planned Hong Kong IPO
Subsidies for Residential Solar Projects Slashed but Capacity Still Set to Grow
58.com Shares Jump on Buyout Offer
Toyota and BYD Launch EV Joint Venture in China
Alibaba’s Lazada Briefly Stops New Singapore Grocery Orders
Data from Alipay Shows Signs of Consumption Returning as Some Virus Restrictions Eased
Countries Across the World Start to Suspend Food Exports to Secure Domestic Supplies
SASAC Gives Birth to New Asset Manager
China Mobile and Ubitus Team Up to Attract 5G Gaming Subscribers
China Weighs Cuts to Electric-Car Subsidies It Just Extended
Carmaker BYD Profit Plunges in 2019
Huawei and ZTE Win Nearly 90% of China Mobile’s Latest 5G Contracts
Cash-Burning Pinduoduo Raises $1.1 Billion to Finance Growth
First Companies to Debut on New High-Tech Board July 22

By Zhang Yu and Han Wei / Jul 06, 2019 03:24 AM / Finance

Photo: VCG

Photo: VCG

China’s new Nasdaq-style high-tech board will host the first batch of listings on July 22, the Shanghai Stock Exchange said Friday.

At least 25 companies will be the first to debut on the SSE STAR Market, a new trading venue hosted by the Shanghai bourse targeting companies in high-tech and innovative sectors. The new board is also a testing ground for several securities market reforms including a registration-based initial public offering mechanism.

As of July 4, the Shanghai Stock Exchange received 141 applications for listing on the new board. The bourse has flashed a green light to 31 applicants, 25 of which have successfully registered with the securities regulator.

The first movers will include display and touch-testing equipment maker Suzhou HYC Technology Co. Ltd., sensors developer Yantai Raytron Technology Co., Ltd. and precision instrument maker Suzhou TZTEK Technology Co. Ltd.

The Shanghai bourse said Friday that the new board will conduct system tests as final preparation for the debut.

Investors have shown great enthusiasm for the new listings. Many candidates have expanded their fundraising size as high demand bolstered their valuations.

Related: Retail Investors Join Frenzy Around New Tech Board Listings


Share this article
Open WeChat and scan the QR code