Neoh on China's high tech ambitions

China awaits better market conditions before launching a high-tech stock exchange, says Anthony Neoh in the second part of a FinanceAsia interview.

The CSRC's Chinese Securities Regulatory Commission special advisor believes that the State Council is waiting for global economic conditions to stabilize before announcing the launch date of the Shenzhen-based board, popularly dubbed the Growth Enterprise Board.

He also says that the government wants to be satisfied that, The CSRC is basically on top of its work regarding regulation. I don't anticipate an announcement until we are nearer the time of the State Council's annual financial sector review meeting, presently slated to take place in November.

A true second board will be some time in coming, but some progress has been made, he adds. AnĀ amendment to the Companies Law in December 1999 allows...

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