国内英语资讯:China Focus: STAR market expected to nurture leading global tech firms
<p><span word="SHANGHAI">SHANGHAI</span>, <span word="July">July</span> 26-- <span word="China">China</span>'<span word="s">s</span> <span word="Nasdaq">Nasdaq</span>-<span word="style">style</span> <span word="sci">sci</span>-<span word="tech">tech</span> <span word="innovation">innovation</span> <span word="board">board</span>, <span word="also">also</span> <span word="known">known</span> <span word="as">as</span> <span word="the">the</span> <span word="STAR">STAR</span> <span word="market">market</span>, <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="nurture">nurture</span> <span word="world">world</span>-<span word="class">class</span> <span word="technology">technology</span> <span word="companies">companies</span> <span word="in">in</span> <span word="China">China</span>, <span word="considering">considering</span> <span word="its">its</span> <span word="astonishing">astonishing</span> <span word="growth">growth</span> <span word="in">in</span> <span word="the">the</span> <span word="past">past</span> <span word="year">year</span>.</p><p><span word="The">The</span> <span word="STAR">STAR</span> <span word="market">market</span> <span word="marked">marked</span> <span word="its">its</span> <span word="first">first</span> <span word="anniversary">anniversary</span> <span word="on">on</span> <span word="Wednesday">Wednesday</span>, <span word="having">having</span> <span word="been">been</span> <span word="inaugurated">inaugurated</span> <span word="on">on</span> <span word="July">July</span> 22 <span word="last">last</span> <span word="year">year</span>. <span word="So">So</span> <span word="far">far</span>, <span word="the">the</span> <span word="STAR">STAR</span> <span word="market">market</span> <span word="has">has</span> <span word="raised">raised</span> <span word="about">about</span> 217.9 <span word="billion">billion</span> <span word="yuan">yuan</span> (<span word="about">about</span> 31 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="for">for</span> 140 <span word="listed">listed</span> <span word="enterprises">enterprises</span>. <span word="Several">Several</span> <span word="leading">leading</span> <span word="tech">tech</span> <span word="firms">firms</span>, <span word="such">such</span> <span word="as">as</span> <span word="SMIC">SMIC</span> <span word="and">and</span> <span word="National">National</span> <span word="Silicon">Silicon</span> <span word="Industry">Industry</span> <span word="Group">Group</span>, <span word="have">have</span> <span word="a">a</span> <span word="market">market</span> <span word="value">value</span> <span word="of">of</span> <span word="about">about</span> 100 <span word="billion">billion</span> <span word="yuan">yuan</span>.</p><p><span word="SMIC">SMIC</span>, <span word="China">China</span>'<span word="s">s</span> <span word="leading">leading</span> <span word="semiconductor">semiconductor</span> <span word="manufacturer">manufacturer</span>, <span word="was">was</span> <span word="listed">listed</span> <span word="on">on</span> <span word="the">the</span> <span word="market">market</span> <span word="on">on</span> <span word="July">July</span> 16. <span word="It">It</span> <span word="obtained">obtained</span> <span word="approval">approval</span> <span word="for">for</span> <span word="its">its</span> <span word="IPO">IPO</span> <span word="from">from</span> <span word="Chinese">Chinese</span> <span word="regulators">regulators</span> <span word="in">in</span> 19 <span word="days">days</span> <span word="and">and</span> <span word="entered">entered</span> <span word="the">the</span> <span word="board">board</span> <span word="in">in</span> <span word="just">just</span> 46 <span word="days">days</span>, <span word="reflecting">reflecting</span> <span word="the">the</span> <span word="fast">fast</span>-<span word="track">track</span> <span word="approach">approach</span> <span word="and">and</span> <span word="constant">constant</span> <span word="innovations">innovations</span> <span word="of">of</span> <span word="the">the</span> <span word="board">board</span>'<span word="s">s</span> <span word="listing">listing</span> <span word="system">system</span>.</p><p><span word="On">On</span> <span word="April">April</span> 30, <span word="China">China</span>'<span word="s">s</span> <span word="top">top</span> <span word="securities">securities</span> <span word="regulator">regulator</span> <span word="adjusted">adjusted</span> <span word="the">the</span> <span word="threshold">threshold</span> <span word="for">for</span> <span word="innovative">innovative</span> <span word="red">red</span>-<span word="chip">chip</span> <span word="companies">companies</span>, <span word="allowing">allowing</span> <span word="overseas">overseas</span>-<span word="listed">listed</span> <span word="innovative">innovative</span> <span word="red">red</span> <span word="chips">chips</span> <span word="to">to</span> <span word="apply">apply</span> <span word="for">for</span> <span word="domestic">domestic</span> <span word="listing">listing</span> <span word="if">if</span> <span word="they">they</span> <span word="have">have</span> <span word="a">a</span> <span word="capitalization">capitalization</span> <span word="of">of</span> 20 <span word="billion">billion</span> <span word="yuan">yuan</span> <span word="or">or</span> <span word="above">above</span> <span word="and">and</span> <span word="are">are</span> <span word="in">in</span> <span word="possession">possession</span> <span word="of">of</span> <span word="self">self</span>-<span word="developed">developed</span> <span word="and">and</span> <span word="world">world</span>-<span word="leading">leading</span> <span word="technologies">technologies</span> <span word="as">as</span> <span word="well">well</span> <span word="as">as</span> <span word="innovative">innovative</span> <span word="strengths">strengths</span>.</p><p><span word="Gao">Gao</span> <span word="Yonggang">Yonggang</span>, <span word="chief">chief</span> <span word="financial">financial</span> <span word="officer">officer</span> <span word="of">of</span> <span word="SMIC">SMIC</span>, <span word="said">said</span> <span word="that">that</span>, <span word="thanks">thanks</span> <span word="to">to</span> <span word="the">the</span> <span word="policy">policy</span> <span word="adjustments">adjustments</span>, <span word="SMIC">SMIC</span> <span word="can">can</span> <span word="return">return</span> <span word="to">to</span> <span word="the">the</span> <span word="A">A</span>-<span word="share">share</span> <span word="market">market</span>.</p><p>"<span word="We">We</span> <span word="had">had</span> <span word="not">not</span> <span word="met">met</span> <span word="the">the</span> <span word="requirements">requirements</span> <span word="of">of</span> <span word="the">the</span> <span word="previous">previous</span> <span word="threshold">threshold</span>, <span word="which">which</span> <span word="required">required</span> <span word="capitalization">capitalization</span> <span word="of">of</span> 200 <span word="billion">billion</span> <span word="yuan">yuan</span> <span word="for">for</span> <span word="red">red</span>-<span word="chip">chip</span> <span word="companies">companies</span>. <span word="The">The</span> <span word="government">government</span> <span word="timely">timely</span> <span word="revised">revised</span> <span word="the">the</span> <span word="threshold">threshold</span> <span word="for">for</span> <span word="foreign">foreign</span>-<span word="listed">listed</span> <span word="companies">companies</span> <span word="to">to</span> <span word="return">return</span> <span word="to">to</span> <span word="A">A</span> <span word="shares">shares</span>, <span word="which">which</span> <span word="paved">paved</span> <span word="the">the</span> <span word="way">way</span> <span word="for">for</span> <span word="SMIC">SMIC</span> <span word="to">to</span> <span word="make">make</span> <span word="its">its</span> <span word="debut">debut</span> <span word="on">on</span> <span word="the">the</span> <span word="STAR">STAR</span> <span word="market">market</span>," <span word="said">said</span> <span word="Gao">Gao</span>.</p>
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