44 firms get OK for new board listing

Source: Xinhua | 2019-04-04

FORTY-FOUR high-tech companies have been accepted for listing on the Shanghai Stock Exchange’s new technology innovation board, the bourse said yesterday.

Businesses range from software and information services to computers, communications and biomedicine.

The new technology innovation board, announced in November by President Xi Jinping, is expected to start trading in the middle of the year.

It represents a new era for the Chinese capital market.

Among those accepted are Shanghai-based Medicilon Inc and Espressif Systems.

Medicilon is a contract research organization, which provides one-stop integrated services including biology, chemistry for global pharmaceutical clients. Espressif Systems is a chip designer.