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China launches sci-tech stock tier on Shanghai Exchange to support innovative tech firms.
The Shanghai Stock Exchange launched its first three companies on the new sci-tech growth tier of the STAR Market, a Nasdaq-style platform for technology firms, including unprofitable innovators in biotech and semiconductors.
The move, announced by China’s securities regulator in June, aims to boost financial support for high-quality tech enterprises and advance new quality productive forces.
CSRC Vice Chairman Li Chao called the launch a major step in strengthening capital markets’ role in innovation.
The initiative is part of broader reforms to improve market openness, investor protection, and financial infrastructure.
China lanza un nivel de acciones de ciencia y tecnología en la Bolsa de Shanghai para apoyar a las empresas tecnológicas innovadoras.