Secondary board expected to go online in March

The basic program of the mainland’s long-expected secondary Growth Enterprise Board, has been approved by the State Council, China Business Net reported (in Chinese). The new board, which will be part of the Shenzhen Stock Exchange, could launch after the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference in March, according to Cheng Siwei, vice chairman of the NPC Standing Committee. The board’s listing, trading and clearing rules have been set, and the China Securities Regulatory Comminssion will create a new commitee to handle approvals of listing applications, said a person familiar with the situation.