NASDAQ OMX senior vice president who is in charge of new listings and capital market – Bob McCooey – said: “We are pleased to be listed on Nasdaq, as Nasdaq is the innovation and growth birthplace?.

Gao De software is the 22th Chinese company to be listed in USA since 2010, and also the 8th Chinese company to be listed at Nasdaq. Gao De software will use the IPO funds raised to add data-processing equipment and R & D center.

Among Nasdaq 145 listed Chinese companies, 123 companies are from mainland China, 16 from Hong Kong and 5 from Taiwan, 1 from Macau. In these companies, the one with largest market value is Baidu. Baidu is also inside the Nasdaq 100 Index.

Trading in all shares on the ChiNext in the southern boomtown of Shenzhen was suspended at least once as market circuit-breakers in place to curb rampant speculation were tripped.

All shares were up at least 75 percent from their IPO price in their debut.

ChiNext is expected to give small- and medium-sized companies access to financing and encourage private equity firms and venture capitalists to back start-ups.

Analysts predicted the performance of the GEM stocks will be more diversified next week and the board is unlikely to stage another sharp rise.

The first 28 companies to list on the board, ranging from software to medical equipment makers, raised about 16 billion yuan ($2.3 billion) in their IPOs — more than double initial forecasts.

For shares that moved up or down 80 percent on Friday, trading was suspended until the final three minutes of the session.

Two other debut-day circuit-breakers were in place, under which trading was suspended for 30 minutes if shares in a company move up or down 20 percent from the opening price, and then another 30 minutes for a 50-percent shift.

Source : Konaxis

The market, namely ChiNext, stands for ChinaNext, referring to Chinese enterprises of the next generation.

The first batch of 28 enterprises will get listed and start trading next Friday. The launch shows Beijing’s determination to shift its economy away from traditional manufacturing towards innovative, higher-value industries, said analysts.

The launch of the second board in the southern city of Shenzhen would provide desperately needed funding to China’s private enterprises, which are crucial in creating jobs and fostering innovation, said analysts.

Source : Konaxis

David Wu, director of brand of Beida Jade Bird had no knowledge of this. Yang, CEO of the company, previously said that the Beida Jade Bird in 2007 to 1.85 billion revenue last year, revenue growth of 20% to 2.14 billion. Beida Jade Bird’s subsidiaries include Beida Jade Bird Aptech, Beida Jade Bird IT education, Beida Jade Bird Network Education, Beijing University resources to schools and other schools.