China’s new Nasdaq-style high-tech board – STAR Market, will host the first batch of listings on July 22, the Shanghai Stock Exchange said Friday.
At least 25 companies will be the first to be listed on the board.
As of July 4, the Shanghai Stock Exchange received 141 applications for listing on the new board. The bourse has flashed a green light to 31 applicants, 25 of which have successfully registered with the securities regulator.
The first movers will include display and touch-testing equipment maker Suzhou HYC Technology Co. Ltd., sensors developer Yantai Raytron Technology Co., Ltd. and precision instrument maker Suzhou TZTEK Technology Co. Ltd.