The Daily Dose

The first batch of companies have begun trading on China’s new STAR Market today. Billed as China‘s version of Nasdaq, it’s overseen by the Shanghai Stock Exchange (SSE). Previously called the Science and Technology Innovation Board, the STAR Market mainly targets homegrown technology firms, and is modeled after a US-like IPO system. The move marks the first step towards major capital reforms in the country, and aims to boost domestic investment. It also comes amid a prolonged trade war between the US and China that has put companies like Huawei in the crosshairs. Here’s everything you need to know. What…

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