New star rises in Shanghai
Timeline
? Nov 5－President Xi Jinping announces plans to launch the STAR Market at the Shanghai Stock Exchange and pilot a registration-based IPO system
? Jan 23－Overall implementation plan for STAR Market and registration-based IPO system approved
? Jan 30－China Securities Regulatory Commission solicits public opinion on supervision rules and IPO rules for STAR Market
? Jan 30－SSE solicits public opinion on rules for the STAR Market and registration-based IPO system
? Mar 1－Supervisory rules and IPO rules for STAR Market approved
? Mar 4－SSE releases trading rules for STAR Market and registration-based IPO system
? Mar 13－STAR Market stages first systematic test run
? Mar 18－SSE launches IPO application review system for STAR Market
? Mar 26－First nine companies submit the necessary application documents
? April 13－First listing committee for STAR Market formed
? April 22－First seven mutual funds win approval to invest in STAR Market
? June 5－First three companies pass SSE review
? June 11－First three companies enter registration process
? June 13－Launch of STAR Market
? June 14－First two companies complete IPO registration
? June 15－Launch of STAR Market trading system
