Whether the tech board can help to effectively accomplish this goal is far from certain. Attempts to bring the shares of Chinese tech companies listed abroad such as Alibaba and Xiaomi home to the domestic market have been unsuccessful. Past attempts to use equity markets to spur innovation might give an idea of the life cycle of the new boardShenzhen’s ChiNext tech board which was launched in 2010 had similar goals as the new tech board. A lesser known problem is Stock Price Synchronicity, when stock prices move together. It would be surprising if Shanghai’s New Tech Board did not at least have a good start.