BUSINESS

Business Brief (Sept. 5): Nasdaq to Toughen IPO Rules for Chinese Firms

Published: Sep. 5, 2025 5:21 p.m. GMT+8

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Nasdaq proposes to raise IPO threshold for Chinese firms

Nasdaq plans to raise its IPO requirements for Chinese companies, setting a new minimum of $25 million in funds raised. Market analysts predict this could reduce the number of Chinese companies newly listing on Nasdaq by 40% to 50% in the second half of 2025, potentially increasing the valuation premium for top-tier companies.

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What Happened When

From January to July 2025：: Wind and solar generated 1.36 trillion kilowatt-hours in China, representing 24.9% of the country’s total electricity production.

Aug. 28, 2025：: Cambricon (688256.SH) stock hit a record high of 1,596 yuan per share intraday.

Sept. 4, 2025：: Xi Jinping and Kim Jong Un held talks.

Sept. 4, 2025：: Agricultural Bank of China’s A-shares rose over 5% to a record high, with its total market capitalization surpassing that of Industrial and Commercial Bank of China for the first time.