China's aptly named STAR market goes live.....>

CHINA: China's aptly named STAR market goes live today.

- The board is NASDAQ-like, and is focused on tech names.

- The new board's lack of formal trading limits during its opening week of

operations has many salivating over the potential for swift gains. The Shanghai

Stock Exchange has highlighted that it will intervene in the case of any "sharp

price movements," with 10 minute break periods in play at +/-30% and +/-60% for

single stock intraday movements during the first week of operations.

- 25 names have been approved for trading on the board, with over 100 other

names seeking approval. Local reports suggest that the names that have applied

for listing (including those already approved) are looking for CNY128.8bn worth

of cumulative funding.