New star rises in Shanghai

Timeline

・ Nov 5－President Xi Jinping announces plans to launch the STAR Market at the Shanghai Stock Exchange and pilot a registration-based IPO system

・ Jan 23－Overall implementation plan for STAR Market and registration-based IPO system approved

・ Jan 30－China Securities Regulatory Commission solicits public opinion on supervision rules and IPO rules for STAR Market

・ Jan 30－SSE solicits public opinion on rules for the STAR Market and registration-based IPO system

・ Mar 1－Supervisory rules and IPO rules for STAR Market approved

・ Mar 4－SSE releases trading rules for STAR Market and registration-based IPO system

・ Mar 13－STAR Market stages first systematic test run

・ Mar 18－SSE launches IPO application review system for STAR Market

・ Mar 26－First nine companies submit the necessary application documents

・ April 13－First listing committee for STAR Market formed

・ April 22－First seven mutual funds win approval to invest in STAR Market

・ June 5－First three companies pass SSE review

・ June 11－First three companies enter registration process

・ June 13－Launch of STAR Market

・ June 14－First two companies complete IPO registration

・ June 15－Launch of STAR Market trading system