Fraser Howie is co-author of "Red Capitalism: The Fragile Financial Foundations of China's Extraordinary Rise."
It is easy for tech companies to list on it and shows country opening up


The fact that ChiNext is about to adopt the same rules as STAR shows how influential the new market has become. © Imaginechina/AP
Fraser Howie is co-author of "Red Capitalism: The Fragile Financial Foundations of China's Extraordinary Rise."