Caixin
Sep 04, 2018 07:51 PM
FINANCE

China Wants to Make It Easier for Money-Losing Startups to Go Public on Mainland

An investor talks on his phone at a brokerage in Hangzhou, Zhejiang province on July 24. Photo: IC
An investor talks on his phone at a brokerage in Hangzhou, Zhejiang province on July 24. Photo: IC

China’s stock market regulator has proposed relaxing requirements for infant biopharmaceutical, security and microchip companies looking to list on the Chinese mainland, in an effort to support the country’s drive to develop its high-tech capabilities.

The China Securities Regulatory Commission (CSRC) published a raft of documents on Friday suggesting that the State Council, China’s cabinet, do away with rules requiring that companies in the sectors become profitable before listing on the Shanghai and Shenzhen stock exchanges.

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