Beijing has taken further measures to bolster fledgling technology stocks as part of efforts to stimulate economic innovation.
China Securities Regulatory Commission (CSRC) chairman Zhou Zhengqing said the commission would give preferential treatment to technology companies to support their development, Xinhua news agency said.
Among the steps are the relaxation of controls for initial public offerings and rights share issues by technology stocks as well as share-options schemes.
Share options give employees the opportunity to buy shares at favourable fixed prices or at discounts to market prices.
Priority would also be given to the issue of additional new shares by technology companies in need of capital for technology projects, Xinhua said.
According to analysts, about one-tenth of companies listed on the Shanghai and Shenzhen stock exchanges that fall into the so-called high-technology category would be affected by the new measures.
The hi-tech concept would be expanded on Shanghai and Shenzhen stock exchanges, Mr Zhou said.
