Implementation of the registration-based initial public offering mechanism in the A-share market will help in the sustained development of the capital market, according to experts.The Financial Stability and Development Committee under the State Council said after a meeting on Saturday that the ratio of direct financing in the market will increase after the registration-based IPO mechanism is implemented across the entire A-share market.The registration-based IPO mechanism was first introduced i

Around 1.54 million investors in China opened accounts to trade in stocks on the Shanghai and Shenzhen bourses in September, industrial data showed.The figure is an increase of 60.09 percent from the same period last year, according to the China Securities Depository and Clearing Corporation Limited.Individuals accounted for the majority of new investors, reaching around 1.538 million, while new institutional investors stood at 3,600.By the end of September, the number of investors with A-share

With the registration-based initial public offerings (IPOs) system to be further expanded, China has cranked up reform in its capital market system amid efforts to promote high-quality economic development.The registration-based reform will be deemed the bellwether of the broader capital market revamp, and is bound to bring about major institutional improvements in the sector, said Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), at the just-concluded Annual Conference o

CSRC will expand registration-based methodology to entire capital marketChina will undertake reforms in a systematic manner to ensure the smooth implementation of the registration-based system across the entire capital market, the country"s top securities regulator said on Thursday."After piloting the registration-based system on Shanghai"s STAR Market and Shenzhen"s ChiNext board, the condition for adopting the system across the whole market has gradually matured," said Li Chao, vice-chairman o

Prices of stocks on new tech-focused board likely to diverge, say expertsStocks on Shanghai"s STAR Market extended their gains on Thursday, and analysts said prices of stocks on the new tech-focused board may diverge with lower volatility in the near future.The whole A-share market may be on an upward trend in the third quarter, they added, given fading concerns that the new board may strain the liquidity of other submarkets and the expected bottoming out of economic growth.After a spectacular a

China inaugurated its science and technology innovation board on Thursday, kicking off the country"s much-anticipated capital market reform this year.The new market will support tech companies that are in line with the national strategies, make breakthroughs in core technologies and are well accepted by the market to grow stronger, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said at the launching ceremony of the sci-tech innovation board at the Lujiazui Forum in Sha

With five more companies" listing applications accepted Monday by the Shanghai Stock Exchange, China has had 77 companies applying to be listed on the new science and technology innovation board.The companies have to go through a second stage of audit and inquiry before they can be listed on the sci-tech board.In the second stage, they must show they comply with listing rules and that there are no flaws in their finances.The new sci-tech board, which will pilot a registration-based IPO system, f

Prices of stocks on new tech-focused board likely to diverge, say expertsStocks on Shanghai"s STAR Market extended their gains on Thursday, and analysts said prices of stocks on the new tech-focused board may diverge with lower volatility in the near future.The whole A-share market may be on an upward trend in the third quarter, they added, given fading concerns that the new board may strain the liquidity of other submarkets and the expected bottoming out of economic growth.After a spectacular a

China inaugurated its science and technology innovation board on Thursday, kicking off the country"s much-anticipated capital market reform this year.The new market will support tech companies that are in line with the national strategies, make breakthroughs in core technologies and are well accepted by the market to grow stronger, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said at the launching ceremony of the sci-tech innovation board at the Lujiazui Forum in Sha

With five more companies" listing applications accepted Monday by the Shanghai Stock Exchange, China has had 77 companies applying to be listed on the new science and technology innovation board.The companies have to go through a second stage of audit and inquiry before they can be listed on the sci-tech board.In the second stage, they must show they comply with listing rules and that there are no flaws in their finances.The new sci-tech board, which will pilot a registration-based IPO system, f

A total of 37 companies were listed on Hong Kong market in the first quarter of 2019, raising 2.6 billion U.S. dollars and reinforcing Hong Kong as the premier capital formation center in Asia, Hong Kong Exchanges and Clearing Limited (HKEx) said.The Q1 result was due in part to the new Listing Rules implemented in April 2018, which opened the door to new economy and pre-revenue biotech companies for the first time, HKEx said Wednesday while releasing the quarterly report on Hong Kong"s initial

The Hong Kong Exchanges and Clearing Limited (HKEX) issued its Strategic Plan 2019-2021 on Thursday, which sets out its vision and strategic objectives for the next three years, one day after it announced its annual profit hit a record high.HKEX"s vision is to be the "global markets leader in the Asian time zone," said an HKEX statement.Already a leading venue for investing into and out of the Chinese mainland, HKEX aims to further increase its international relevance to the mainland and Asia, a