'Expect craziness' as China readies debut of Nasdaq-style board

Eight months after President Xi Jinping unveiled plans for Shanghai’s technology innovation board, the first batch of 25 companies - ranging from chip-makers to biotech firms - will debut on the STAR Market.

Modeled after Nasdaq, and complete with a U.S-style IPO system, STAR may be China’s boldest attempt at capital market reforms yet. It is also seen driven by Beijing’s ambition to become technologically self-reliant as a prolonged trade war with Washington catches Chinese tech firms in the cross-fire.

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