Prices of stocks on new tech-focused board likely to diverge, say expertsStocks on Shanghai"s STAR Market extended their gains on Thursday, and analysts said prices of stocks on the new tech-focused board may diverge with lower volatility in the near future.The whole A-share market may be on an upward trend in the third quarter, they added, given fading concerns that the new board may strain the liquidity of other submarkets and the expected bottoming out of economic growth.After a spectacular a
Prices of stocks on new tech-focused board likely to diverge, say expertsStocks on Shanghai"s STAR Market extended their gains on Thursday, and analysts said prices of stocks on the new tech-focused board may diverge with lower volatility in the near future.The whole A-share market may be on an upward trend in the third quarter, they added, given fading concerns that the new board may strain the liquidity of other submarkets and the expected bottoming out of economic growth.After a spectacular a
The earliest time for the launch of the long-awaited Shanghai-London Stock Connect scheme might be the second half of this month, according to people who have the knowledge of the matter.One of the major reasons has to do with the United Kingdom"s impending exit from the European Union, and probably the earliest time people can expect might be in the second half of this month, according to a source who has the knowledge of the matter."We still need to see how the Brexit process proceeds," the so
The launch ceremony of the Shanghai-London stock connect is scheduled to be held in London on Friday, when a list of related Chinese and UK enterprises will be announced, Chinese financial news outlet Yicai reported.The Shanghai Stock Exchange said in a statement on Tuesday evening it has approved the register of China International Capital Corporation (UK) Limited to become a global depositary receipt UK cross-border switch institution under the Shanghai-London stock connect program.Earlier, Hu
The China Securities Regulatory Commission (CSRC) on Friday issued trial rules on depositary receipt business in the Shanghai-London stock connect program after seeking public comment for more than a month.The rules mark an important step for the program, which aims to allow stocks listed in Shanghai and London to be traded in each other"s market by issuing depository receipts.The CSRC revised some items in the previous version, including the restricted redemption period for domestic companies i
China will launch a new listing venue for high-tech companies in Shanghai and experiment with a registration-based system for initial public offerings (IPOs), as part of the country"s persistent effort to reform and open up the domestic financial market, officials said on Monday.During a keynote speech at the opening ceremony of the first China International Import Expo (CIIE) in Shanghai, Chinese leader announced that China will launch a science and technology innovation board at the Shanghai S
