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China inaugurated its science and technology innovation board on Thursday, kicking off the country's much anticipated capital market reform this year.

The new market will support tech companies that are in line with the country's strategies, make breakthroughs in core technologies and are well accepted by market to grow stronger, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), said at the launching ceremony of the sci-tech innovation board at the Lujiazui Forum in Shanghai.

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