Geely Star Board Listing Hits Snag on High-Tech Concerns (1)

Geely Automobile Holdings Ltd.’s push to list on Shanghai’s Nasdaq-style Star board has hit a snag with China’s stock market regulator questioning whether the company is high tech enough for the bourse, according to people familiar with the matter.

China’s No. 1 maker of local, branded cars received listing approval in September, believing it would offer a higher valuation than a second listing on the main board in Shanghai or Shenzhen, the people said, asking not to be identified because the details are private. Geely, whose parent is Zhejiang Geely Holding Group Co., is already listed in Hong ...