New era beckons capital market

The Shanghai Stock Exchange launched the STAR Market, a Nasdaq-styled science and technology board, on June 13 to high expectations, which were stoked by market-oriented regulatory rules.

Is the STAR Market different from the SME board for small and medium-sized enterprises and the ChiNext board in terms of valuation systems? Definitely!

First of all, the formation of issue price will depend more on demand on the STAR Market.