Boards Merged

The Shenzhen Stock Exchange (SZSE) on April 6 merged its main board with its board of small and medium-sized enterprises amid efforts to unify business rules and supervision modes.

After 16 years of development, listed firms on both boards have converged in terms of market value, performance and trading characteristics, according to the exchange.

The merger conforms to the law of market development and it is also an inherent requirement for building a concise and clear market system, the SZSE said.

Issuance and listing conditions, investor thresholds, trading mechanisms, and stock codes and abbreviations remain unchanged after the merger.

Requiring only adjustments to parts of business rules, market products, technical systems, and issuance and listing arrangements, the merger will have little impact on market operations and investors’ transactions in general, the exchange said.

According to the SZSE, fixed income products, futures, and options products would remain mostly unaffected, and the Shenzhen-Hong Kong stock connect program would not be affected either. revenue growth will be significantly higher than the global average of 101 percent, making China one of the leading potential markets.

The number of potential cloud game users in China is expected to reach 60.65 million in 2021.

As many educational, entertainment and social functions of televisions have been activated during the COVID-19 pandemic and the ensuing recovery period, interactive entertainment in living rooms may provide additional opportunities for the development of cloud gaming, the report said.