wall street: It gives small Chinese investors a chance to buy into tech industries that until now have turned to Wall Street to sell shares, according to The Japan Times. The STAR Market has no direct link to Beijing's tariff war with President Donald Trump over U.S. complaints China steals or pressures companies to hand over technology. Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to prosperity and global influence for the Shanghai Stock Exchange's STAR Market. ; The market, modeled on the U.S.-based NASDAQ, reflects the ruling Communist Party's desire to channel private capital into its development plans. But it will raise money for industries some American officials see as a competitive threat to U.S. technology leadership. China's stock exchanges in Shanghai and the southern city of Shenzhen were set up in the early 1990s to raise money for state industry. The new board's important role is to provide a fundraising channel for China's scientific and technologic innovation, said economist Lu Zhengwei at Industrial Bank in Shanghai.
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