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During the 2025 Lujiazui Forum, Chairman Wu Qing of the China Securities Regulatory Commission (CSRC) unveiled significant reforms for the STAR Market. Wu Qing announced the re-launch of the fifth set of listing standards, specifically tailored for unprofitable enterprises, and indicated that the scope of these standards would be expanded. Concurrently, a pilot program will be introduced to implement a system of senior professional institutional investors. Furthermore, the CSRC will implement a suite of 1+6 reform measures, encompassing the establishment of a science and technology innovation growth layer and a pilot initial public offering (IPO) pre-review system exclusively for high-quality technology enterprises. These comprehensive measures are designed to bolster the listing prospects and growth potential of high-quality technology companies.
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