Chinese technology startups are soon going to have more options about where to go public. During his speech at the China International Import Expo on Monday, President Xi Jinping announced plans to launch a new technology innovation board for tech startups.
Under the aegis of the Shanghai Stock Exchange, the new board will allow tech startups to list without the approval of the authorities, as long as a company's filings meet certain requirements.
For venture capital funds, it means new opportunities, but volatility too.
Chinese stock markets have had a difficult time of late. The Shanghai Stock Exchange Composite Index, for...