Newly generated regulation has provided a motherboard for transparency and maturity in China’s capital markets, but are they ready for foreigners to plug in? Richard Li explores the key issues

Something most undesirable recently occurred on ChiNext, China’s NASDAQ-style board of high-growth and startup enterprises. After amending its 2011 performance report, Beijing Easpring Material Technology became the first ChiNext company to incur a full-year loss.

There was more bad news to come. As reported by Shanghai Business newspaper, a study of first-quarter performance predictions published by ChiNext companies indicates that more and more are suffering losses, or at least a decline in performance.

All this while investors are still smarting from big declines in A-share market value. According to China’s A-share Market Value Report for 2011, published by the China Centre for Market Value Management, the total value of the market plummeted almost 20% last year.

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