In June, the Shanghai, Shenzhen, and Beijing Stock Exchanges collectively received 150 applications from companies intending to go public, setting a fresh monthly record and contributing to 85% of the total for the first half of the year. Among these exchanges, the Beijing Stock Exchange witnessed the highest number of acceptances. During the first six months, a total of 177 companies' applications were approved, surpassing the figures from the same period last year by a significant margin. This surge in IPO applications is fueled by policy incentives and market revitalization, with the STAR Market and ChiNext becoming increasingly open, enabling unprofitable enterprises to actively pursue listing. Since June, four such enterprises have seen their applications approved. Industry experts caution against the audit risks posed by some companies' "rushed applications" aiming to expedite the process.