China’s top securities regulator has unveiled a series of new measures aimed at deepening the reform of the Science and Technology Innovation Board (STAR Market). Announced on Wednesday, these initiatives are designed to further support sci-tech innovation and foster the development of new quality productive forces.
According to the China Securities Regulatory Commission (CSRC), the reforms will bolster the listing of enterprises that are making significant breakthroughs in new industries, pioneering business models, and cutting-edge technologies. The measures also aim to refine the pricing mechanisms for initial public offerings (IPOs), making them more efficient and market-oriented.
In addition, the CSRC emphasized efforts to enhance financing channels for companies listed on the STAR Market. This includes optimizing trading mechanisms, strengthening market monitoring to mitigate risks, and promoting mergers, acquisitions, and restructurings to stimulate growth and innovation within the sector.
These reforms underscore China’s commitment to advancing its financial markets to better serve the evolving needs of technology-driven enterprises. By creating a more supportive environment for innovation, the STAR Market is poised to become a pivotal platform for the country’s high-tech industries.
Reference(s):
cgtn.com
