Tech board signals fast start as rules activated

Regulations for China's science and technology innovation board at the Shanghai bourse took effect on Friday, signaling that the groundbreaking initiative may be launched as early as this month, analysts said.

The new equity trading platform will pioneer capital market reform, they said, as shown by market rule breakthroughs based on mature overseas markets and notable inclusiveness for tech companies.

The China Securities Regulatory Commission and the Shanghai Stock Exchange released detailed rules for the new board on their respective websites on Friday night. The regulations took effect immediately, signifying that tech companies can start to submit listing applications.