(Yicai Global) March 28 -- The Shanghai Stock Exchange is taking measures, including moving the Nasdaq-like Star Market’s listing process online, to ensure normal service as China’s financial capital begins a phased lockdown in response to an increase in Covid-19 infections.

The Star Market’s listing reviews will be carried out by video conference, the SSE said in a document released late yesterday, and issuers and intermediates can also communicate and consult with the bourse online if they cannot be on site.

The Shanghai government yesterday announced a two-stage lockdown starting today to test the population for Covid-19. Until April 1, temporary closed-off management and testing will be carried out in regions lying to the east and south of the Huangpu river, including Pudong and its adjacent areas. Then from April 1 to 5, the same will be done in districts west of the Huangpu.

Shanghai reported nearly 14,000 domestically transmitted Covid-19 cases and asymptomatic infections in the past eight days, according to the local health commission. Yesterday, it added 50 new cases and 3,450 without symptoms.

The time limit for responding to review inquiries will be relaxed and listed companies that are finding it a challenge to compile and publish their 2021 earnings reports can apply for an extension to April 30, the SSE said.

The bourse will also step up its services for businesses affected by the epidemic by prioritizing the investment and financing needs of those based in regions with serious Covid-19 outbreaks. Furthermore, it will set up a green channel for bonds issued to raise funds for epidemic prevention and control as well as repaying maturing corporate bonds.

The SSE did not say how long these measures will last.

Editor: Futura Costaglione