"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."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Most companies surge on first day of trade on China's STAR MarketChina's new Nasdaq-style board for homegrown technology firms started tradi... No bar in the A Ripple Lol. Which one is it you clowns? America is asleep at the wheel...
Source: Reuters - 🏆 2. / 97 Read more »
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.
Source: WSJ - 🏆 98. / 63 Read more »
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.
Source: WSJ - 🏆 98. / 63 Read more »
China kicks off new Shanghai tech board as it tests new ways to improve volatile stock marketIn its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or 'STAR Market,' on which 25 companies were listed.
Source: CNBC - 🏆 12. / 72 Read more »
Analysts love these 5 stocks ahead of their earnings reportsCNBC combed through Wall Street research to see which stocks analysts like into earnings season.
Source: CNBC - 🏆 12. / 72 Read more »