China's securities regulator announces eight measures to reform the STAR market of the Shanghai Stock Exchange, prioritizing breakthrough companies in new industries and technologies.
China's securities regulator, the China Securities Regulatory Commission (CSRC), announced eight new measures to reform the Nasdaq-style Science and Technology Innovation Board (STAR) market of the Shanghai Stock Exchange. The measures prioritize the listing of companies with breakthroughs in new industries, new business patterns, and new technologies, aiming to improve the mechanisms of issuance and underwriting, mergers and acquisitions, equity incentives, and trading. The CSRC also committed to increase institutional inclusiveness and support high-quality tech companies yet to make profits to list on the STAR market, better serving science and technology innovation and new quality productive forces.
June 22, 2024
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