China is likely to launch a new exchange with lower listing requirements
aimed at start-up companies by 2008, Reuters reported, citing an industry
analyst and a regulatory source. The exchange would be similar to the NASDAQ
Stock Market or Hong Kong's Growth Enterprise Board, allowing a platform for
newer companies that focus on technological innovation to list.
"There is little chance for the board to be launched this year," said Liu
Jipeng, a professor at Chinese University of Politics and Law. "However, it's
very likely that we will have it next year."
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