a-shares market: PwC predicted the 200 IPOs this year would collect an estimated sum of 180 billion yuan, according to Global Times China. The sci-tech innovation board, inaugurated on June 13, is designed to focus on companies in the high-tech and strategic emerging sectors, such as new-generation information technology, advanced equipment, new materials, new energy, energy saving and environmental protection and biomedicine. The country's A-shares market saw 64 IPOs in the first half of this year, with a total of 60.4 billion yuan about 8.8 billion US dollars raised. It will ease the listing criteria, such as allowing firms that have yet to make a profit to list, but they will adopt higher requirements for information disclosure. Sci-tech innovation board latest milestone of China's capital market opening-up and reform economist
(news.financializer.com). As
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