China Top Leaders Approve High-Tech Board at Shanghai Exchange
- New trading venue aims to support technological innovation
- Board to pilot registration-based initial public offerings
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China’s top leaders formally approved the establishment of a new high-tech board at the Shanghai Stock Exchange, bringing the launch of the much anticipated trading venue one step closer.
A high-level meeting chaired by President Xi Jinping said the nation must increase the capital market’s inclusiveness of science and technology companies and support key technological innovation, according to the official Xinhua News Agency.