Editor's Note
ChiNext, is an important component of China’s multi-tier capital market system. As an independent market, ChiNext offers a new capital platform tailor-made for the needs of enterprises engaged in independent innovation and other growing venture enterprises.
Stocks traded on the ChiNext startup board in Shenzhen yesterday plunged after surging heavily on their Oct 30 debut, challenging the ability of regulators to control volatility in the new bourse.
All 28 stocks on China's new Nasdaq-style market for small and medium-sized companies had been temporarily suspended within the first two hours of trading on its opening day Friday.
Milestones for the launch of China's GEB
  • ·Oct 30, 2009 Trading on the GEB starts.
    Oct 23, 2009 Launching ceremony of GEB.
    Sept 17, 2009 Seven companies entered the primary IPO review procedures.
    Aug 14, 2009 The country's first issuance examination committee was established.
    July 26, 2009 The CSRC started to accept applications for listing on the GEB.
    July 15, 2009 Investors were allowed to open accounts for investing on the GEB.
    June 5, 2009 The Shenzhen Stock Exchange issued the final version of the rules for listing on the GEB, which took effect on July 1, 2009.
    May 8, 2009 The Shenzhen Stock Exchange issued draft rules for listing on the GEB and solicited public opinion.

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