INSIGHTS: Shanghai tech board to push semiconductor independence

3 min read
(Image credit: Bigstock/viperagp)

Announced by President Xi Jinping at the first China International Import Expo in November 2018, the Shanghai Stock Exchange’s Science and Technology Innovation Board focuses on companies in high-tech and strategic emerging sectors. Of the nine companies first slated to go public on the board, three are chipmakers: Hejian Technology, Amlogic and Raytron Technology. On top of that, three other companies have scrapped plans to list in Hong Kong in favor of Shanghai’s new tech board.
By launching the new board, the state is in fact providing venture capital with a smooth exit option, and stimulating more funds to flow into the high-tech sectors.
—Dong Dengxin, director of the Financial Securities Institute at the Wuhan University of Science and Technology
Semiconductors not only top the list of sectors recommended for the board by the China Securities Regulatory Commission, but also feature as a top 10 priority secto

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