• New Rules for the Growth Enterprise Board
  • August 14, 2009 | Authors: Yiqiang Li; John V. Grobowski
  • Law Firm: Faegre & Benson LLP - Shanghai Office
  • Hoping to provide a systematic means of financing innovative companies in China, the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange have enacted two sets of rules to support a new Nasdaq-style exchange known as the Growth Enterprise Board. The long-anticipated (and much-delayed) board, sometimes known as the Growth Enterprise Market, began taking applications for initial public offerings from companies on July 26. Trading is scheduled to begin in the fall.