Shenzhen bourse to lower barriers for listing on ChiNext

As market participants await more detailed rules for the Shanghai technology innovation board to come out, rules to relax the listing requirements of the ChiNext board in Shenzhen are in the pipeline.

A rough guideline of listing rules for the long anticipated innovation board is expected to be completed by the end of December, while the market may have to wait for another few months to see enterprises list on the new board, according to sources close to the regulators.

The technology innovation board expected to be unveiled at the Shanghai Stock Exchange is part of China's broad effort to build a multi-layered capital system and encourage high-tech development, which is expected to ease financing pressure for companies that take the lead in the high-tech sector from robotics to electric cars.