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[时事] 国内英语资讯:Weekly policy snapshot of Chinese economy

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BEIJING, March 2-- The following are the key moves taken by policymakers in the past week to enhance China's economic strength and sustainability.

-- MORE DETAILS ABOUT NEW TECH BOARD

China's top securities regulator on Wednesday unveiled more details about the new science and technology innovation board designed to boost financial reform and development of the high-tech sector.

The tech board will ease the listing criteria, such as allowing firms that have yet to make a profit to list, but adopt higher requirements for information disclosure, according to the China Securities Regulatory Commission.

The new board will follow a market-based approach to determine the prices, scale, market value and pace of new initial public offerings.

Most of the potential firms are located in regions with clusters of technology firms, including Beijing, the Yangtze River Delta and the Pearl River Delta, and are in such industries as new-generation information technology, biopharmaceuticals, high-end manufacturing and new materials.

-- IRON ORE FUTURES TRADING

China will allow overseas individual investors to participate in the trading of iron ore futures on the Dalian Commodity Exchange starting Wednesday, the exchange said in an online statement Tuesday.

The announcement came after the country opened iron ore futures to foreign institutional investors in May last year as part of the financial opening-up efforts.

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