The Shanghai Stock Exchange released a finalized set of regulations late last week for its new tech board, expanding upon the draft introduced on Jan. 30.
“Red-chip companies”—China-based firms incorporated and listed outside the mainland, especially in Hong Kong—with rapid growth, self-developed and cutting-edge technologies, and competitive advantages in its segment are allowed to list on the new tech board, according to the new regulations.
The rules also provide a number of other standards for firms that wish to go public on the new board, stating that companies need to meet at least one to qualify.
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