China’s New Nasdaq Pushes Back Against Firms Trying to List (2)

Getting listed on China’s new technology board may not be as simple as companies had hoped, with many filings mired in scrutiny.

The Shanghai Exchange has peppered 100 applicants with about 50 questions each on average, asking about everything from share structure to accounting and intellectual property rights, according to statements compiled by Bloomberg. Until the firms satisfy the exchange on all the points, they can’t proceed with their initial public offerings.

While the grilling may ultimately result in higher-quality listings, it cuts against pledges that China’s new Nasdaq-style board would provide simplified vetting, a speedier process and a reduction ...