businessUpdated: Jun 12, 2020 07:57 ISTIt will soon be a lot easier for mainland firms to list on the nation’s volatile ChiNext board. China’s securities regulator had been considering making such reforms to the world’s second-largest stock market since at least 2013, when it pledged to move toward a US-style IPO registration system. Last year, the country rolled out a stock board in Shanghai which was seen as a testing ground for relaxed listing and trading rules. The Shenzhen exchange said in late May that it will start taking new listing applications for ChiNext to within 10 working days after the registration-based system takes effect. The ChiNext, which was the epicenter of a 2015 bubble in mainland shares, entered a bull market this week after gaining more than 20% from its March low.

Source: Hindustan Times June 12, 2020 02:27 UTC