CSRC chairman: S&T innovation board a test field for A shares

The highly anticipated science and technology innovation board will work as the test field to pilot a registration system for China's A-share market, Yi Huiman, the newly appointed chairman of the China Securities Regulatory Commission, said during the ongoing two sessions.

In an interview with Securities Times - an official newspaper accredited by the CSRC to disclose listed companies' information - Yi said that experiences from the science and technology innovation board will be promoted to other boards of the A-share market.

When asked about the possible competition that the new tech board will pose for the Hong Kong stock exchange, Yi said that it will be a bridge between the A-share market and the market in Hong Kong and facilitate the development of both markets. It will be a good opportunity for the stock market as the size of the new board expands.