Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Policy

China encourages central SOEs to list on new sci-tech board

July 17, 2019


Abstract : Centrally-administered state-owned enterprises (SOEs) are encouraged to list on the new science and technology innovation board to boost vitality, the country's top state asset regulator said Tuesday.

BEIJING, July 16 (Xinhua) -- Centrally-administered state-owned enterprises (SOEs) are encouraged to list on the new science and technology innovation board to boost vitality, the country's top state asset regulator said Tuesday.

"We strongly advocate and support central SOEs to participate in the new sci-tech board," said Peng Huagang, spokesperson of the State-owned Assets Supervision and Administration Commission of the State Council, at a press conference.

Central SOE China Railway Signal & Communication Co. Ltd has become one of the first batch of companies debuting on the sci-tech board, and applications of 14 central SOEs for the board have been handled, Peng said.

The board will boost central SOE capability in innovation and encourage the development of strategic emerging industries, he added.

China's new sci-tech innovation board will start trading on July 22, with the first batch of 25 companies debuting on the board, according to the Shanghai Stock Exchange (SSE).

The new board, proposed in November 2018 and launched at the SSE last month, is the first submarket of China's capital market to adopt the registration-based IPO system.

It aims to provide direct financing support for tech companies and help China's capital market spearhead a new round of reforms.

Scan the QR code and push it to your mobile phone

Keyword: SOEs science and technology innovation board

Reading:

Huawei wins ICT award in Indonesia

China sees no major manufacturing exit: top economic planner

Business leaders confident in opportunities of e-sports industry in Greater Bay Area

China to build credit-based market regulation mechanism

China's eco-city to introduce full-coverage 5G network

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial