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Trade War Expansion? STAR Board Aims To Keep Lucrative China Biotech IPOs At Home

 
• By Brian Yang

China has officially unveiled its newest stock market for pre-revenue high-tech companies, already attracting ChipScreen and marking a new rival to similar bourses in the US and Hong Kong. But some are cautioning that local regulators and investors will need to step up if the so-called China Nasdaq is to gain traction.

Money Wave
CHIPSCREEN AMONG FIRST BIOPHARMAS TO GO PUBLIC ON SHANGHAI'S NEW STAR BOARD • Source: Shutterstock

On 13 June, Chinese Vice Premier He Liu and other top officials opened a new chapter for the Shanghai Stock Exchange. In a high-profile ceremony, Liu unveiled the Science and Technology Board, a stock trading market dedicated to pre-revenue, high-tech companies including biopharma firms.

The so-called STAR board will have several distinctive characteristics to differentiate it from the parent Shanghai Stock Exchange

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