stocks sale: A mushroom of high-tech companies will place China in a better position to compete with the United States, as the two countries are currently engaged in a fierce contest for technology supremacy, according to Global Times China. Investors are now casting covetous eyes on an IPO subscription of stocks soon to be listed on the science and technology innovation board, reflecting domestic investors' high expectations of the new board. The authorities in Beijing aspire to raise funds directly from stocks sale to groom a boom of technology ventures in China. The first batch of the science and technology innovation board's IPO fundraising is coming to a peak period this week, with 21 technology companieslaunching IPO subscriptionsfrom Monday to Friday. The new board will officially commence public trading on July 22, the Shanghai Stock Exchange announced on Friday. Before that, between June 17 and July 3, four companies to be listed on the board have already completed IPO fundraising.
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