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China mulls higher bar for tech-focused STAR board candidates - source

Mar 11, 2021 - Nasdaq

SHANGHAI/BEIJING, March 11 (Reuters) - China's securities regulator is mulling a higher bar for initial public offerings (IPO) on Shanghai's Nasdaq-style STAR Market, seeking to deter a wave of applicants with little involvement in the technology sector, said a person familiar with the matter.

The China Securities Regulatory Commission (CSRC) is weighing whether to require STAR market candidates to provide more proof that they are innovative and tech-focused, said the person, who declined...