China announces new measures to raise Shenzhen's profile of tech and financial hub

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China announced a package of new measures which will grant its southern city of Shenzhen more autonomy as Beijing seeks to raise the profile of the region as a tech and financial hub amid tensions with the US.

China outlined 40 detailed reform measures to be implemented in Shenzhen, including promoting the reform of the registration-based IPO system in the city's startup board ChiNext, the introduction of a listing transfer mechanism from the country's over-the-counter equity market to ChiNext and piloting domestic issuance of stocks or China Depository Receipts by innovative companies . . .

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