Shanghai Stock Exchange: Steadily promote the expansion of the fifth set of listing standards for industries, and support technological enterprises in key core technology fields to regularly list and raise funds.

On March 10th, the Shanghai Stock Exchange stated that it will unswervingly implement the decisions and deployments of the Party Central Committee and the State Council, faithfully carry out the work requirements of the China Securities Regulatory Commission, adhere to the principle of seeking progress while maintaining stability and tackling reforms, and actively follow the path of financial development with Chinese characteristics. This aims to serve China’s modernization and build a strong financial nation. The exchange will prudently promote the expansion of the fifth set of listing standards for industries. The government work report clearly proposed implementing a “green channel” mechanism for listing, financing, mergers, and acquisitions for technology-based enterprises in key core technological fields on a regular basis. The Shanghai Stock Exchange stated: It will resolutely implement relevant work requirements, increase institutional support for technology-based enterprises with breakthroughs in key core technologies, and expand diversified equity financing channels; further enhance the resource allocation function of the capital market to support regular financing and mergers for technology innovation and transformation and upgrading enterprises. “We will continuously evaluate and improve relevant institutional rules, research and reserve a batch of policies to support technological innovation and the development of new productive forces, and steadily promote the expansion of the fifth set of listing standards for industries.” the exchange added. (Shanghai Securities News)