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Start-up board starts up

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July 2004

The question is, will the Shenzhen market lift off or dodder along like its counterpart across the border?

On May 18, the State Council approved Shenzhen Stock Exchange's plan to launch a secondary trading board for smaller, mostly private, companies. By May 28, eight of an estimated 1,000 companies in the queue had already been approved and listed, although trading in the shares has yet to begin.

At ceremonies welcoming the first arrivals, Standing Committee Vice-Chairman Cheng Siwei warned that the success of the secondary board - China's answer to NASDAQ and Hong Kong's ...

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