China market reforms have benefited SMEs and tech companies: JPMorgan

The inner view of Shenzhen Stock Exchange as the first batch of registration-based initial public offerings (IPOs) of 18 enterprises are about to debut on the ChiNext board on August 23, 2020 in Shenzhen, Guandong Province of China.

VCG | VCG via Getty Images)

SINGAPORE — As China continues to push toward further reforms in its financial markets, one of the changes the country made was to revamp listing rules for the ChiNext start-up board.

The move has benefited small and medium-sized businesses, as well as technology firms, according to Chaoping Zhu, a global market strategist at JPMorgan Asset Management.

“Based on the current development in the market, we find that it has been easier for companies to get listed in the stock market since the registration system was adopted,” Zhu told CNBC in an email.

“The major beneficiaries are SMEs (small and medium-sized enterprises) and innovative tech companies,” he

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