Trade Nivesh Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington.
Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to prosperity and global influence for the Shanghai Stock Exchange's STAR Market.
The market, modeled on the US-based NASDAQ, reflects the ruling Communist Party's desire to channel private capital into its development plans. It gives small Chinese investors a chance to buy into tech industriesNSE -0.51 % that have mostly turned to Wall Street to sell shares.
The STAR Market will raise money for industries some American officials see as a competitive threat, though it has no direct link to Beijing's tariff war with President Donald Trump.
Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to prosperity and global influence for the Shanghai Stock Exchange's STAR Market.
The market, modeled on the US-based NASDAQ, reflects the ruling Communist Party's desire to channel private capital into its development plans. It gives small Chinese investors a chance to buy into tech industriesNSE -0.51 % that have mostly turned to Wall Street to sell shares.
The STAR Market will raise money for industries some American officials see as a competitive threat, though it has no direct link to Beijing's tariff war with President Donald Trump.
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