(Bloomberg) — A plan by President Xi Jinping hatched in late 2018 to liberalize China’s constrained stock market and prevent home-grown tech firms from flocking to New York is turning out to be a prescient move.The reforms took shape in the form of a new, relatively small venue in Shanghai, called the Star board, which started trading exactly a year ago. The goal was mild in scale compared with other major stock markets, but radical by China’s standards: Minimize red tape and relax tight controls on what kind of companies could list, and how much their shares could move. More …read more
Source:: Yahoo Finance
