Why is Shanghai doing this? China has long wanted its home-grown tech champions to list closer to home.
IPOs & Markets
The so-called technology innovation board will mainly host companies in technology and emerging sectors, such as high-tech equipment manufacturing, ne
For Beijing, the move is seen helping to counter U.S. curbs on its technology companies and may draw the next generation of hi-tech firms to list at h
This potentially marks the start of a planned Shanghai-London Stock Connect scheme.
Around 20 Chinese firms hope to list on the planned technology board, with the first coming as soon as the first quarter of 2019.
China's securities regulator unveiled a series of measures to aid the country's struggling stock market.
Xiaomi is only weeks away from becoming the first overseas-domiciled company to sell shares in China, while other firms planning China listings includ
Firms planning such issuance include Xiaomi, U.S.-listed Alibaba Group Holding Ltd and JD.com.
The stake has been put up for sale via the Beijing Financial Assets Exchange.
Beijing is also targeting the likes of Baidu, Alibaba Group, and JD.com by allowing them to list at home via secondary listings.
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