Home News China’s Nasdaq-style trading begins with 25 listed companies

China’s Nasdaq-style trading begins with 25 listed companies

Chinas Nasdaq-style Trading as per China’s Nasdaq inspired stock market has begun with 25 organizations listed by the Shanghai Stock Market run Science and Technology Innovation Board. Widely known as STAR Market, this is a measure by the Chinese government to motivate more Chinese tech companies to list locally by addressing their issues regarding governance.

China’s Nasdaq-style Traders have warned that the primary tradings will be unpredictable because of investors buying and trading stocks. This caution was borne with trade when multiple companies halted post a surge of buying. Affected their circuit breakers or initiatives to temporarily pause selling and purchasing to avoid a stock crash.

The STAR Market was announced as early as last November. As a measure to reform the capital market and making a listing in China more attractive to tech companies. Plethoras of high profile tech IPOs like Xiaomi, Pinduoduo, and Alibaba. Among others have happened in Hong Kong or New York and the STAR market. Could encourage debuts of local stocks and investments. This is a high-stake subject for China, while its trade conflict with the United States exists.

Reports, however, note that the success of STAR markets is far from a surety owing to China’s recent launches of equity markets, namely the ChiNext and New Third Board, in the years 2009 and 2013 respectively.  These two launches garner far less heed and recognition as compared to their primary stock. Exchanges located in Shenzhen and Shanghai.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Destin Florida Vacation Rentals and Condos

The majority of travelers visiting Destin, Florida decided to stay in condos and beach-house vacation rentals placed alongside the Emerald Coast. The city meets...

The Benefits of Doing Business in Hong Kong

Hong Kong, a special administrative region of China, has kept moving forward with prosperity and dynamism. With its high standards of living and the...

Top 5 Free Websites For Photographers

Nowadays, many things have been changed including the processes of performing several tasks that seem difficult in the past. It is the modern era...

Dr. Kevin Dalby Examines Creativity and Happiness – Different Sides of the Same Coin

Creativity promotes happiness and vice versa said by Psychologists. Many adults believe they're not creative but acknowledge that they probably were as children. Experts...