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Markets

A year later, Shanghai's 'Nasdaq' looks increasingly Chinese

STAR Market wrestles chipmaker SMIC away from NY listing

A ceremony marking the start of trading on the STAR market in July 2019. (Photo by Yusho Cho)

SHANGHAI -- As China's STAR equity market approaches its one-year anniversary next month, the Nasdaq-like board in Shanghai appears increasingly beholden to state policy from Beijing designed to promote advanced domestic technology.

The Shanghai Stock Exchange will conduct a final review of Semiconductor Manufacturing International Corp. on Friday -- less than three weeks after China's top chipmaker applied June 1 to join the exchange's tech-heavy STAR Market.

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