The Shanghai Stock Exchange (SSE) has unveiled review guidelines tailored for the application of the fifth listing criteria on the STAR Market to companies dedicated to artificial intelligence (AI) large models. In light of the pertinent stipulations of the fifth listing standard on the STAR Market and taking into account the realities of technological innovation within the AI large model domain, these Guidelines outline specific requirements for companies across four key dimensions: distinct technological edge, phased accomplishments, endorsements from pertinent national bodies, and market potential.

Concerning phased accomplishments, the Guidelines expressly mandate that, at the point of application, a company must possess at least one large model product that has been rolled out and attained widespread adoption. This serves as a pivotal benchmark for assessing the viability of the business model and the capacity to commercialize and deploy large model products.

Moreover, the Guidelines delineate the scope of the issuer's primary business operations, encompassing the independent research and development of AI large models, model services, or model applications. They also support the concurrent application of these Guidelines to both general-purpose large models and industry-specific models.