China’s tech board launches, with trading likely to start in two months

China’s new high-tech board is officially open for business, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said in Shanghai on Thursday, reported Caixin.

Trading has yet to begin, with the first batch of companies likely to start trading on the board within the next two months, said Huang Hongyuan, chairman of the Shanghai Stock Exchange (SSE), which hosts the board.

The high-tech board, now called the SSE STAR Market, was proposed by President Xi Jinping in November to improve the Chinese mainland’s appeal to technology companies and encourage them to list on the mainland instead of overseas.