Nasdaq-like board opens in Shenzhen

SHENZHEN: China's Nasdaq-like growth enterprises board, called ChiNext, was inaugurated in Shenzhen on Friday, opening a new channel for companies to raise capital.

ChiNext, which opens trading on Oct 30, has already produced 82 IPO-generated tycoons, each worth at least 100 million yuan ($14.6 million) worth of stocks, says the prospectus of the 28 companies whose stocks will be traded on the opening day.

Pu Zhongjie, president and general manager of Beijing-based LEPU Medical Device Inc, sits at the top of the "ChiNext wealth list", holding nearly 1.75 billion yuan worth of stocks. Pu owns more than 60 million LEPU shares, each of which is worth 29 yuan.