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Last updated: 23 october, 2009 - 16:01 GMT
China opens new 'Gem' market
China has inaugurated a long-awaited Nasdaq-style stock market in the southern city of Shenzhen.
Twenty-eight small and medium sized enterprises are to be listed on the new exchange, which is scheduled to begin trading next week.
The Growth Enterprise Market, or Gem, is designed to attract financing for technology and innovation-driven start-up firms, in line with Beijing's plans to shift the Chinese economy from its traditional export base.
Gem, which has been in the planning for more than 10 years, is designed to attract financing for new industries with the potential for high growth.
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Rui Cheng Gang is a business analyst.
First broadcast 23 October 2009
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