SHANGHAI -- The Shanghai Stock Exchange has given its first approval to a local tech company to begin price discovery for listing on SSE Star Market, China's newly launched Nasdaq-style index.
Test equipment maker Suzhou HYC Technology hopes to raise 1 billion yuan ($145 million), according to a filing on the exchange, even as market players expressed concern about young companies bound for the new board.
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)