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China's answer to Nasdaq set to begin trading
Trading begins on Monday (Jul 22) on a new Nasdaq-style technology board in Shanghai that represents one of China's most significant market reforms, and a potential weapon in its growing tech rivalry with the United States. Twenty-five stocks will debut on the Shanghai Stocks Exchange's Sci-Tech Innovation Board - dubbed the STAR Market - in which listing and trading rules have been eased to help channel funding to start-ups. China's government envisions the board being mentioned in the same breath someday as the tech-heavy US Nasdaq, encouraging firms to list at home after the likes of Alibaba and Baidu chose Wall ... (full story)
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