slump in china stocks threatens to spoil tech board plan - the smart board

A sell-
The fall in China's stock market is likely to turn the failure of one of China's biggest capital market reforms in years to an end.
Just as China plans to open Nasdaq, market sentiment has deteriorated --
Style boards are expected to be available as early as June.
After soaring at the beginning of the year, the Shanghai Composite Index plunged more than 11% from its April high.
On Monday, it suffered its biggest loss since 2016. S.
President Donald Trump has threatened to impose higher tariffs on Chinese imports.
Worst of all, considering the nature of the New Third Board, the GEM index of technology stocks fell even more sharply.
"The stock market crash will definitely affect the progress of the new technology board," said Jiang Liangqing of Beijing.
Fund manager of Radisson Capital Management.
"If the Shanghai benchmark falls below this year's low, it could be a serious problem and could even cause the board to postpone it.
Neither the Chinese securities regulator nor the Shanghai Stock Exchange responded to requests for comment.
China's reform efforts have been bumpy on the road. this is not the first time.
Stock market crash last year--
When $3 trillion disappeared from the market after hitting a new high in January ---
The plan for China's depositary receipts is off track, while so-
It was called a strategic emerging industry in 2016.
In order to encourage Chinese innovative enterprises to go public in China, China is introducing the science and technology innovation committee.
Its rules are more consistent with the rules of global exchanges, and regulators have abandoned restrictions on how companies are pricing when they go public.
They also limit access to retail investors who dominate the Chinese stock market.
China's plan to attract large technology companies to return to the market: QuickTakeJiang said access restrictions are a concern as companies may find it difficult to attract institutional investors as the market deteriorates
"The new board focuses primarily on technology companies, which are more vulnerable to market volatility than more mature companies," he said . ".
"Some issuers may have less money than they planned to raise and may not even be able to complete the transaction.
"China's new Nasdaq is for traders who want to experiment with Huang Guangyu, an analyst at Bright Smart Securities in Hong Kong, he said, if the market remains within a "reasonable range, the prospects for the board may be good.
China's stock market fell again on Wednesday: The Shanghai Composite Index closed down 1.
1%, the lowest since February. 22.
"Valuation has a great role in promoting technology start-ups, mainly due to liquidity and risk appetite . "
"Focus on events that may affect these events, as well as economic data.
Data released on Wednesday showed an unexpected drop in exports in April, while imports unexpectedly grew.
Inflation data will be released on Thursday. State-
The Securities Times said in a comment on Tuesday that steady progress has been made since the Shanghai Stock Exchange began accepting listings, but patience is also needed.
"This is a major reform, so China must do its best to ensure the launch of the new board of directors," said Sun Zheng, an analyst at China Development Bank Securities Co. , Ltd.
"There may be some fines --
But the pace is unlikely to be affected.
This is a political task. ”—