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high quality apple developer account:China considers adjusting investment threshold for STAR Market

admin2021-05-1918

SHANGHAI, March 10 - China is consideringadjusting the investment threshold for Shanghai's tech-focusedSTAR Market to boost liquidity and improve rules for theregistration system. "We suggest adjusting the investment threshold as theliquidity conditions for the STAR Board are not that ideal," FanYun, a deputy to China's National People's Congress, was quotedas saying in a Shanghai Observer report on Tuesday. Fan said the lack of liquidity, low trading volume and bigmarket fluctuations made it hard for the board to attract goodcompanies and capital. Fan said she also hoped the science & tech nature evaluationguidelines for the board could be improved and published soon. A source familiar with the matter at the China SecuritiesRegulatory Commission (CSRC) confirmed the report to Reuters. The CSRC has also been considering improving the rules forthe registration system as it has found too many companieswithdrawing their plans to list during an on-site investigationof STAR Market and ChiNext IPO applicants in recent months,according to the source. REUTERS
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