Nation's bourses enter new era of regulation

Listing rules and ownership structures set to change amid increasing turbulence

The creation of a strategic emerging industries board on the Shanghai Stock Exchange, which is intended to bring back overseas-listed Chinese high-growth and innovative companies, will have to wait for the revision of the Securities Law, said an expert on stock financing.

After the revision, which is expected to be finished in November, the requirement that companies wanting to list must have a three-year record of profits will be dropped, said Liu Jipeng, a member of the Securities Law revision working group and director of the Capital Research Center at the China University of Political Science and Law.