The Rising Star in the East: Unveiling China’s Star Market, the Registration-based IPO Regime and Capital Markets Law Reform
(2020) 31 International Company and Commercial Law Review 394-412
19 Pages Posted: 10 Apr 2021
Date Written: July 1, 2020
This article discusses and analyses the latest capital markets law reform in China, which involves the launch of the star market (sci-tech innovation board) at the Shanghai Stock Exchange as well as the introduction of the “registration-based” IPO regime to replace the previous “approval-based” system. The article considers whether laws can be used as a useful and transformative tool to create deep and liquid capital markets and to promote technological developments.
Keywords: Capital Market, Stock Market, Sci-Tech Innovation Board, Star Market, Shanghai Stock Exchange, Initial Public Offering, Financial Law, Financial Regulation, Securities Regulation, China, Chinese Economy, Law and Finance
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