China will launch a trading board for emerging industry stocks in one of its major exchanges, 21st Century Business Herald reported Wednesday, citing an unnamed source with knowledge of the matter. The new board, part of sweeping reform of China’s initial public offering market, will have lower entry requirements on operating period, sales and profits, among others. Its official launch is yet to be announced, pending changes to China’s securities and company laws, the report said. With its easier regime, the new market could trigger an exodus by private equity and venture capital funds from the over-the-counter New Third Board, the report said.
– Contact HKEJ at [email protected]