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flag China launches sci-tech stock tier on Shanghai Exchange to support innovative tech firms.

flag The Shanghai Stock Exchange launched its first three companies on the new sci-tech growth tier of the STAR Market, a Nasdaq-style platform for technology firms, including unprofitable innovators in biotech and semiconductors. flag The move, announced by China’s securities regulator in June, aims to boost financial support for high-quality tech enterprises and advance new quality productive forces. flag CSRC Vice Chairman Li Chao called the launch a major step in strengthening capital markets’ role in innovation. flag The initiative is part of broader reforms to improve market openness, investor protection, and financial infrastructure.

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