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China's new Nasdaq-style board begins trading

People take pictures during an opening ceremony of the Shanghai Stock Exchange's Sci-Tech Innovation Board in Shanghai on July 22, 2019.
Getty Images

Trading on China's new Nasdaq-style technology board began on Monday and got off to a solid start.

Most shares on the so-called Star market, operated by the Shanghai Stock Exchange, surged on debut.

Last year China said it would launch the technology-focused trading board, as it sought to build on Shanghai's role as a global financial hub.

It marks a significant step in the country's bid open its economy and markets.

Hong Kong protests: Armed mob storms Yuen Long station
Footage showed masked men, all in white T-shirts, attacking people on platforms and inside train carriages at Yuen Long station.