(Yicai Global) Dec. 13 -- Shanghai Equity Exchange, China's over-the-counter stock market, plans to establish a new board to provide integrated financial services to high-tech firms that are expected to apply to list on the Shanghai Stock Exchange's Nasdaq-style Star market in the future.
The Sci-Tech Innovation Q Board, named Q for quotation, will provide online information and share quotations and offline equity financing and transfers, giving a leg up to companies seeking to list on the Star market.
The Q Board will collect information from local governments, financial institutions, service providers and investment organizations to provide all-around, full-package and complete counseling services to listees, said SEE General Manager Zhang Yunfeng.
The new board will ask for relatively low information disclosure and does not have many requirements in terms of organizational standards and shareholding system reforms. The SEE already runs an E board that helps tech startups with financing, but which has stricter requirements on information disclosure.
Launched in July, the Star market also provides specialist support for science and technology innovators on financing and the listing process.