Shenzhen's second board approved

China approved the launch of a second board at the Shenzhen Stock Exchange which will be used to list small- and medium-sized enterprises, according to a Chinese media report. No date for the opening of the long-awaited board was provided, although final technical tests were completed. The report said that the second board would not be independent, but would be integrated with the rest of the Shenzhen exchange. China was preparing to launch the second board in Shenzhen in 2000, but the plans were postponed upon the bursting of the dotcom bubble at the beginning of 2001.