Yi Huiman, chairman of China Securities Regulatory Commission (CSRC), attends a meeting of Fujian delegation on the sidelines of the National People’s Congress (NPC), at the Great Hall of the People in Beijing, China March 5, 2019. REUTERS/Stringer

SHANGHAI (Reuters) – China announced on Thursday the formation of a Nasdaq-style tech board, the Star Market, based in Shanghai.

China’s top securities regulator Yi Huiman announced the new market at a financial forum in the city.

Reporting by Li Zheng Shen and David Stanway; Editing by Simon Cameron-Moore

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