What is Science & Technology Innovation Board?

Science and Technology Innovation Board (Sci-Tech Innovation Board) is a new trading platform in the Shanghai Stock Exchange (SSE) independent from the existing main board, focuses on companies in high-tech and strategically emerging sectors.

What is Sci-Tech Innovation Board?

Sci-Tech Innovation Board is undoubtedly the focus of the capital market in 2019. After the closing call auction, the trading system will do matching for the closing price orders based on the order of time and execute at the closing price of the day. The closing price orders could be made from 9:30 to 11:30 and 13:00 to 15:30 on each trading day.

How many shares can a Sci-Tech Innovation Board order?

The quantity of each single order should be no less than 200 shares. Upon listing and trading on the Sci-Tech Innovation Board, the stocks can be used as the underlying assets for the securities lending, of which the criteria of selecting the underlying securities will be different from those of the A shares listed on the main board.

What is a pilot registration-based IPO system for Sci-Tech Innovation Board?

A: Under the pilot registration-based IPO system for the Sci-Tech Innovation Board, in the review for issuance and listing, the SSE will adhere to the concept of focusing on information disclosure, and urge the issuers and the intermediaries to disclose information in an authentic, accurate and complete manner.

How can investors participate in the science and Technology Innovation Board?

The investors who do not meet the suitability requirements can participate in the science and technology innovation board by purchasing public funds and other means. Secondly, the price limit is appropriately relaxed.

What is the growth rate of sci-tech innovation enterprises?

Fourthly, the companies’ growth is encouraging. The sci-tech innovation enterprises with applications accepted recorded an average growth rate of 42% in operating revenue on an annual basis in the most recent year, with 22 companies growing by more than 50% and 7 by more than 100%.