Applications start for new tech board

The Shanghai Stock Exchange began to receive IPO applications for the science and technology innovation board on Monday, signaling that the first group of offerings may be seen in June, analysts said.

They expect the new submarket, marking a key reform of the capital market, to better leverage the market's role in financing technological innovation.

The Shanghai bourse launched a website on Monday to disclose its progress in reviewing initial public offering applications for the new board, kicking off the IPO application and review process. No application information had been released as of the market's close.