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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Oct. 28 (Xinhua) — The Shanghai Stock Exchange (SHSE) on Tuesday released the first batch of enterprises listed on the Nasdaq-style science and technology innovation marketplace, commonly known as the STAR Market.
The move comes after the China Securities Regulatory Commission announced on June 18 this year the creation of a scientific and technological growth level, emphasizing the need to strengthen support for high-tech enterprises that are not yet profitable.
As Li Chao, deputy head of the aforementioned committee, said at the listing ceremony on Tuesday, the event marks a significant new step forward in the capital market's service to scientific and technological innovation and the development of new-quality productive forces.
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