China considers adjusting investment threshold for STAR Market

Reuters2021-03-10

SHANGHAI, March 10 (Reuters) - China is considering adjusting the investment threshold for Shanghai's tech-focused STAR Market to boost liquidity and improve rules for the registration system.

"We suggest adjusting the investment threshold as the liquidity conditions for the STAR Board are not that ideal," Fan Yun, a deputy to China's National People's Congress, was quoted as saying in a Shanghai Observer report on Tuesday.

Fan said the lack of liquidity, low trading volume and big market fluctuations made it hard for the board to attract good companies and capital.

Fan said she also hoped the science & tech nature evaluation guidelines for the board could be improved and published soon.

A source familiar with the matter at the China Securities Regulatory Commission (CSRC) confirmed the report to Reuters.

The CSRC has also been considering improving the rules for the registration system as it has found too many companies withdrawing their plans to list during an on-site investigation of STAR Market and ChiNext IPO applicants in recent months, according to the source.

As of Tuesday, there were a total of 236 companies listed on Shanghai's STAR Market, with a combined market value of 3.1 trillion yuan ($476.4 billion).

($1 = 6.5078 Chinese yuan)

(Reporting by Luoyan Liu, Zoey Zhang and Andrew Galbraith; Editing by Jacqueline Wong)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

16

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2118673484?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-10 18:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2118673484","market":"hk","top_or_hot":-1,"title":"China considers adjusting investment threshold for STAR Market","media":"Reuters","content":"<p>SHANGHAI, March 10 (Reuters) - China is considering adjusting the investment threshold for Shanghai's tech-focused STAR Market to boost liquidity and improve rules for the registration system.</p><p>\"We suggest adjusting the investment threshold as the liquidity conditions for the STAR Board are not that ideal,\" Fan Yun, a deputy to China's National People's Congress, was quoted as saying in a Shanghai Observer report on Tuesday.</p><p>Fan said the lack of liquidity, low trading volume and big market fluctuations made it hard for the board to attract good companies and capital.</p><p>Fan said she also hoped the science &amp; tech nature evaluation guidelines for the board could be improved and published soon.</p><p>A source familiar with the matter at the China Securities Regulatory Commission (CSRC) confirmed the report to Reuters.</p><p>The CSRC has also been considering improving the rules for the registration system as it has found too many companies withdrawing their plans to list during an on-site investigation of STAR Market and ChiNext IPO applicants in recent months, according to the source.</p><p>As of Tuesday, there were a total of 236 companies listed on Shanghai's STAR Market, with a combined market value of 3.1 trillion yuan ($476.4 billion).</p><p>($1 = 6.5078 Chinese yuan)</p><p>(Reporting by Luoyan Liu, Zoey Zhang and Andrew Galbraith; Editing by Jacqueline Wong)</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China considers adjusting investment threshold for STAR Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina considers adjusting investment threshold for STAR Market\n</h2>\n\n<h4 class=\"meta\">\n\n2021-03-10 18:38 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SHANGHAI, March 10 (Reuters) - China is considering adjusting the investment threshold for Shanghai's tech-focused STAR Market to boost liquidity and improve rules for the registration system.\"We ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000001.SH","symbol_name":"上证指数","start_time":0,"source_url":null,"article_id":"2118673484","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2118673484","pubTimestamp":1615372688,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"SHANGHAI, March 10 (Reuters) - China is considering adjusting the investment threshold for Shanghai'","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"translate_title":"中国考虑调整明星市场投资门槛","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9},"content_text":"SHANGHAI, March 10 (Reuters) - China is considering adjusting the investment threshold for Shanghai's tech-focused STAR Market to boost liquidity and improve rules for the registration system.\"We suggest adjusting the investment threshold as the liquidity conditions for the STAR Board are not that ideal,\" Fan Yun, a deputy to China's National People's Congress, was quoted as saying in a Shanghai Observer report on Tuesday.Fan said the lack of liquidity, low trading volume and big market fluctuations made it hard for the board to attract good companies and capital.Fan said she also hoped the science & tech nature evaluation guidelines for the board could be improved and published soon.A source familiar with the matter at the China Securities Regulatory Commission (CSRC) confirmed the report to Reuters.The CSRC has also been considering improving the rules for the registration system as it has found too many companies withdrawing their plans to list during an on-site investigation of STAR Market and ChiNext IPO applicants in recent months, according to the source.As of Tuesday, there were a total of 236 companies listed on Shanghai's STAR Market, with a combined market value of 3.1 trillion yuan ($476.4 billion).($1 = 6.5078 Chinese yuan)(Reporting by Luoyan Liu, Zoey Zhang and Andrew Galbraith; Editing by Jacqueline Wong)","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":16,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2118673484"}