"I think this market, it needs to ... basically take a little bit of patience to develop," Eugene Qian, president of UBS Securities, told CNBC's "Squawk Box" on Monday.
It's easier for firms to go public in the new STAR Market tech board, compared to listing on the Shanghai A-share market, as companies need to go through a registration instead of waiting for regulatory approval which could take longer. J.P. Morgan's Chief China Economist and Head of China Equity Strategy, Haibin Zhu, urged investors to "focus on individual companies."
UBS Securities' Qian said foreign investors are likely to watch "with a lot of interest" but will likely "wait a little bit out."
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مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »
Stocks Surge on China’s New Nasdaq-Like MarketChina’s new market for homegrown technology companies opened with a bang, with stocks doubling, tripling or more than quadrupling in value on its first day. They must have low R&D costs with all that stolen technology they use If no IP protection, market of the damned. DOOMED! On arrête pas le progrès. Merci. C'est noté.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »
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