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New board will help promote innovation

China Daily | Updated: 2018-11-08 07:17

IN HIS SPEECH AT THE OPENING of the first China International Import Expo in Shanghai on Monday, President Xi Jinping said that China will launch a science and technology innovation board on the Shanghai Stock Exchange and experiment with a registration system for listed companies. Beijing Youth Daily comments:

China has been paying great attention to promoting technological innovation by means of the capital market. For that purpose, it established a small - and medium-sized enterprise board and startup board on the Shenzhen Stock Exchange. These two boards are working well, but not as well as expected. Which is because they still follow the old rules and are much too conservative.

The planned innovation board will learn from the past and follow new rules, so as to truly propel innovation.

New board will help promote innovation

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