Weighting towards technology stocks has surged in recent times, and the authorities plan a second board for small, high technologies stocks. Recent high technology alliances between companies such as News Corp and the People's Daily, and China Unicom, Softbank Corp and Unitech Telecom, are also indicative of a global trend spreading to China. However, significant reform in the banking and financial services sector in general will be needed before the stock exchanges in China become true avenues for channeling funds for development of business as we seen in Europe and the U.S.
