board: The regulations came out after one-month of public consultations on plans and guidelines for the sci-tech innovation board, which was established on January 31, according to Global Times China. The launch of the new board at the Shanghai Stock Exchange SSE together with a pilot registration system for listed companies was announced at the opening ceremony of the first China International Import Expo in Shanghai in November 2018. The launch of the sci-tech innovation board, which has adopted many breakthrough mechanisms including a registration system, will give a helping hand to innovative companies and operate in line with China's economic transformation, according to industry analysts. This is unprecedently efficient and underscores the important reform that is the sci-tech innovation board plus registration system, Dong Dengxin, director of the Financial Securities Institute at the Wuhan University of Science and Technology, told the Global Times on Saturday. SSE will have five businesses days after receiving documents to decide on whether to accept the IPO application. Eligibility for companies to file for an IPO on the sci-tech innovation board began on Friday.
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