‘Expect craziness’ as China readies debut of Nasdaq-style STAR Market

The launch ceremony of Shanghai's Nasdaq-style tech board, STAR Market, in Shanghai, China on June 13, 2019.In a packed Shanghai classroom on a hot afternoon, nearly a hundred “mom-and-pop” investors were honing their trading skills ahead of the first opening bell for China’s Nasdaq-style tech board.

Modelled 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 crossfire.

Lin, CEO of boutique investment bank World Financial Holding Group, said that while Nasdaq is dominated by professional investors STAR risks becoming a playground for speculators. “Initially, there could be trading imbalances between supply and demand, and the market should look at fluctuations in a reasonable way,” Liu Ti, deputy general manager of the Shanghai Stock Exchange, told a recent forum.

Zhou Liang, founder of Shanghai Minority Investment Management, said he has a massive number of IPO shares which he plans to sell to hungry buyers.Story continues below advertisement

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

CannTrust’s regulatory breach seen damaging trust in the legal pot marketCannTrust’s sales halt is only going to exacerbate the already chronic problem of product shortages and high prices in the legal market Hahaha. Yeah, that's why. Prohibition2point0 FakeLegalization cannabis
Fonte: nationalpost - 🏆 10. / 80 Leggi di più »

Scotiabank turns to dollar market with its first green bondThe bank is selling US$500 million of 3.5-year senior bail-in green bonds, source said, scheduled to be sold later Monday
Fonte: nationalpost - 🏆 10. / 80 Leggi di più »

Why this company is an anomaly in Canada’s pot marketIt turns a profit
Fonte: nationalpost - 🏆 10. / 80 Leggi di più »

Bull market in everything: Investment positioning for times that can’t last foreverGLC Asset Management Group today released its 2019 Capital Market Outlook, examining the market opportunities for the back-half of the year
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »