China is likely to launch a new exchange with lower listing requirements aimed at start-up companies by 2008, Reuters reported, citing an industry analyst and a regulatory source. The exchange would be similar to the NASDAQ Stock Market or Hong Kong's Growth Enterprise Board, allowing a platform for newer companies that focus on technological innovation to list.

"There is little chance for the board to be launched this year," said Liu Jipeng, a professor at Chinese University of Politics and Law. "However, it's very likely that we will have it next year."

(For more biz stories, please visit Industry Updates)