China's New Nasdaq Is Only Taking Profitable Firms for Now

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China's New Nasdaq Is Only Taking Profitable Firms for NowMany filings have been mired in scrutiny, after the exchange peppered applicants with questions due to what it saw as insufficient detail. The exact start date for the new technology board remains unknown, and could be affected by the ructions in China’s stock market amid the trade war with the U.S. Nonetheless, the Shanghai exchange has said it will review listing applications of three companies at its first IPO review meeting on June 5, a sign that it may soon issue the first approvals.

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