Timeline

? Nov 5－President Xi Jinping announces plans to launch the STAR Market at the Shanghai Stock Exchange and pilot a registration-based IPO system

? Jan 23－Overall implementation plan for STAR Market and registration-based IPO system approved

? Jan 30－China Securities Regulatory Commission solicits public opinion on supervision rules and IPO rules for STAR Market

? Jan 30－SSE solicits public opinion on rules for the STAR Market and registration-based IPO system

? Mar 1－Supervisory rules and IPO rules for STAR Market approved

? Mar 4－SSE releases trading rules for STAR Market and registration-based IPO system

? Mar 13－STAR Market stages first systematic test run

? Mar 18－SSE launches IPO application review system for STAR Market

? Mar 26－First nine companies submit the necessary application documents

? April 13－First listing committee for STAR Market formed

? April 22－First seven mutual funds win approval to invest in STAR Market

? June 5－First three companies pass SSE review

? June 11－First three companies enter registration process

? June 13－Launch of STAR Market

? June 14－First two companies complete IPO registration

? June 15－Launch of STAR Market trading system