Market Watchers: Technology Start-Ups and Fund-Raising Ability

market watchers: The new board, under the auspices of the country's top leadership, is expected to be officially launched in late June or early July this year, according to Global Times China. Many of the detailed guidelines for listing requirements and trading rules - made public on January 30 - are so creative and even ground-breaking that led some market watchers to claim the new board is likely to compete with the established bourses in Hong Kong and New York, to lure promising tech ventures or the so-called unicorns. The government aims to shore up the country's sustainable economic growth, in the future, by facilitating the fund-raising ability of a rising number of technology start-ups. A glimpse into the rules publicized by the China Securities Regulatory Commission, the watchdog of the stock market, details, among many changes, lowered thresholds for IPOs of high-tech companies. Until today, loss-making companies are barred from raising funds on China's two main stock bourses in Shanghai and Shenzhen. Unprofitable ventures which have a minimum of 300 million yuan 44.8 million of sales in the previous year will likely be eligible to file an IPO application. (news.financializer.com). As reported in the news.