Aquagold International Inc (AQUI)

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Could we play in this ball park?

China's Nasdaq-style board late Oct trade: report

http://news.yahoo.com/s/afp/20091019/bs_afp/chinastocksipo

AFP/File – Chinese investors watch share prices at a trading house in Shanghai. The first batch of 28 companies …
Mon Oct 19, 3:20 am ET
SHANGHAI (AFP) – The first batch of 28 companies to list on China's long-awaited Nasdaq-style board, ChiNext, will make their trading debut on October 30, state media reported Monday.

A launch ceremony for the second board, which will be based in the southern boom town of Shenzhen, will be held on October 23, the China Securities Journal reported, citing an unnamed Shenzhen Stock Exchange official.

Regulators hope the new market will help fuel start-ups and other companies with high-growth potential in the world's third-largest economy, following the example of Wall Street's Nasdaq.

But there have also been worries that the new board, which attracted strong interest from investors, may be diverting funds from the main boards and drag down stock prices.

To curb speculation, the bourse has said if the prices of start-up stocks move up or down 80 percent during the first day, trading will be suspended until the final three minutes of the session.