PwC: 100 companies may get listed on the new tech board

Nearly 100 companies will hopefully get listed this year on China's recently launched Nasdaq-style high-tech board known as the STAR Market, a forecast by PwC showed.

The Shanghai Stock Exchange had accepted 141 companies' applications for an initial public offering on the STAR Market by June 27.Most companies are in four sectors: information technology, biomedicine, high-end equipment manufacturing and new materials.

The first batch of companies are expected to be listed on the STAR Market in July, said PwC, a world leading accounting, auditing and assurance firm which released a review of the IPO market in the first half of 2019 on Tuesday.