国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Interview: China's new sci-tech innovation board to spur innovative companies' growth

Source: Xinhua| 2019-06-25 04:50:36|Editor: Mu Xuequan
Video PlayerClose

NEW YORK, June 24 (Xinhua) -- China's launch of a sci-tech innovation board, a key reform step for the country's capital market, will help spur future growth of innovative companies, a U.S. expert has said.

"China's capital market continues to evolve in a very positive and dramatic fashion, and the launch of the new board will provide many innovative companies an avenue to raise fund, thus propelling future growth," Brendan Ahern, chief investment officer at New York-based Krane Funds Advisors, told Xinhua in a recent interview.

The new board, proposed in November 2018 and approved in January, will provide direct financing support for tech companies and help the world's second-largest capital market spearhead a new round of reforms.

Earlier this month, the board was inaugurated at the Lujiazui Forum in Shanghai.

The launch, after just months of preparations, highlighted China's determination and confidence in using financial reform to aid its science and technology innovation, according to the expert.

The policymakers have recognized the urgent demand that many private companies need capital in order to grow stronger, said Ahern.

The board has been regarded as a major reform step for China's capital market as it will give a test run to a long-expected registration-based system for IPOs and will ease the listing criteria, such as allowing companies that have yet to make a profit to list.

Ahern noted that the move "should help many private companies who historically have had difficulty accessing fresh capital."

China International Capital Corporation expected that about 150 firms will be listed on the new board this year, raising 50 billion yuan (about 7.27 billion U.S. dollars) to 100 billion yuan.

China's top court unveiled a guideline Friday to offer judicial guarantee to ensure the newly launched board and the pilot registration-based IPO reform run smoothly.

Ahern, with long-time expertise in providing investors with strategies to capture China's importance in their investment portfolio, also pointed out that "China's financial markets have opened up in a very significant fashion."

"Certainly, it provides a great opportunity for investors to go to China and experience the dynamic and growing economy," he said.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091381704491
主站蜘蛛池模板: 鱼台县| 改则县| 灌云县| 正镶白旗| 长寿区| 高雄市| 安塞县| 湘潭县| 呼伦贝尔市| 资中县| 新蔡县| 黄山市| 高雄市| 建湖县| 古浪县| 新野县| 延吉市| 盐亭县| 永安市| 长丰县| 和顺县| 呼玛县| 乐清市| 奉节县| 淅川县| 东阳市| 介休市| 绥棱县| 东乌| 邯郸市| 门头沟区| 奉节县| 佛教| 麻阳| 新昌县| 两当县| 陕西省| 瑞丽市| 乐陵市| 兰州市| 沾化县|