The Shenzhen Stock Exchange, one of China's two stock exchanges, has been approved to set up a small and medium-sized enterprises (SMEs) board, according to sources with the China Securities Regulatory Commission Monday.

The encouragement of venture investment and establishment of growth enterprise board within the main board are tasks set in line with the requirements of the central authorities, said an official with the commission.

The SME board, as part of the Shenzhen Stock Exchange's main board, will help those high-technology SMEs with good growth prospects to be listed in the stock market, according to the official.

The new board, with independent operation, supervision, share codes and indexes, will provide experience for the future establishment of mature growth enterprise board, and the Shenzhen Stock Exchange will soon publicize a series of regulations concerning the operation of the SME board, the official said.

Source: Xinhua