China launches its highly anticipated ChiNext Nasdaq-style board in Shenzhen October 23, state media reported on Saturday.
Shang Fulin, chairman of the China Securities Regulatory Commission for Securities, today announced the launch date of the market growth business forum in Beijing, the official Xinhua news agency reported.
The first batch of 28 companies will debut on Friday, Xinhua said.
Regulators hope that the new market will fuel start-ups and other companies with high growth potential to help the world's third-largest economy, following Wall Street Nasdaq.
But there were also concerned that the new council, which attracted great interest from investors, they must withdraw funds from the motherboard and drag stock prices.
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