The Chinese mainland'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. These reforms are designed to better serve science and technology innovation and promote the development of new, high-quality productive forces.
According to the China Securities Regulatory Commission (CSRC), the new measures will further support the listing of enterprises that are making breakthroughs in new industries, innovative business models, and cutting-edge technologies. Additionally, improvements to the pricing mechanisms for initial public offerings (IPOs) are part of the initiative to create a more dynamic and responsive market.
The CSRC also emphasized efforts to enhance the financing options for companies listed on the STAR board, optimize trading mechanisms, strengthen monitoring to mitigate market risks, and encourage mergers, acquisitions, and restructuring. These comprehensive reforms aim to foster a robust environment that supports sustained technological advancement and economic growth.
Reference(s):
cgtn.com
