In Shenzhen today ChiNext, the Nasdaq-style stock exchange, was launched to provide smaller and middle size companies with capital. An excellent opportunity for entrepreneurs, Hurun publisher Rupert Hoogewerf tells Reuters.
‘The biggest challenge for (China’s) entrepreneurs … was how to raise their first capital,’ said Rupert Hoogewerf, publisher of the Hurun Rich List.
‘The second board can effectively shortcut that first break.’
China has already two stock exchanges, in Shanghai and Shenzhen, but they were mostly dominated by state-owned companies.Many entrepreneurs also sought a listing in Hong Kong.