New tech board gets ready for launch

Groundbreaking securities exchange expected to demonstrate major reforms

The preparation work for China's groundbreaking science and technology innovation board is in full swing, with more supporting measures in the pipeline and detailed rules to be announced soon, China's securities watchdog and the Shanghai bourse said on Wednesday.

"On the whole, related work for the new board has gone rather smoothly. And we will continue to make solid and meticulous preparations to launch this major reform in an effective way," said Yi Huiman, the newly appointed chairman of China Securities Regulatory Commission, when convening his first news conference on Wednesday.