Committee of experts to review ChiNext board

08:50, November 02, 2010      

Email | Print | Subscribe | Comments | Forum 

China established Friday a consultative committee comprised of 15 experts to push forward the reform and development of the country's Nasdaq-style ChiNext board.

Speaking at an industrial conference in Shenzhen, south China's Guangdong Province, Shang Fulin, chief of the nation's securities regulator, said the establishment of the committee will promote the board's stable and healthy development.

The ChiNext is a fund-raising channel for fast-growing small- and medium-sized high-technology companies. It opened last October with 28 companies debuting on the Shenzhen-based board.

Shang Fulin, head of the China Securities Regulatory Commission, urged companies listed on the ChiNext to improve their competence and standardize their operations as ChiNext's success lies in the quality of its listed companies.

The experts and academics on the committee are from a wide range of fields including energy, aeronautics and patent protection.

The Shenzhen Stock Exchange (SSE) launched the ChiNext Index June 1. It gained 25.9 points, or 2.49 percent, to close at 1,064.52 Friday.

So far, 134 companies have listed on ChiNext. The companies' combined capitalization is almost 600 billion yuan ($89 billion).

Source: Global Times


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion