China unveils draft regulations for Nasdaq-style startup board in Shanghai

China unveils draft regulations for Nasdaq-style startup board in Shanghai

An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, in this September 7, 2015 file photo. REUTERS/Jason Lee/Files

China has published draft rules for a Nasdaq-style start-up board in Shanghai, the China Securities Regulatory Commission said on Wednesday, potentially competing with Hong Kong and New York for listings of tech firms.

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