[2] ChiNext aims to attract innovative and fast-growing enterprises, especially high-tech firms.
[3][4][5] Its listing standards are less stringent than those of the Main and SME Boards of the Shenzhen Stock Exchange.
However, the plans were shelved for a long time, potentially due to the burst of the dot-com bubble in 2000 and the lost confidence in internet and technology stocks.
Trading in each of these stocks had to be temporarily suspended on this day due to their prices reaching change limits.
In May 2014, CSRC announced a change in rules that eased profitability requirements for firms seeking a listing on ChiNext.