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China tech

China's new tech-focused exchange falls short of promises

Shares of all 25 companies rise but government influence overshadows talk of reform

SHANGHAI -- China's new Science and Technology Innovation Board got off to a strong start in its first day of trading on Monday, with all 25 companies seeing their share prices rise.

But while the debut performance was all the government could have hoped for, the makeup of the new board raises questions over its ability to attract tech startups and serve as test bed for market reforms.

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