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China launches Nasdaq Style Board

China on Friday raised the curtain on its long awaited Nasdaq style board, ChiNext, in a key step towards setting up a multi tier capital market and giving a boost to small and medium sized firms.
Gold Confetti rained down on a red ticker reading ” formally launched” in Chinese as the theme from the movie Superman blared in a Shenzhen hotel where ChiNext trade will begin on October 30.
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