FINANCE

China Plans ChiNext Board Reform to Boost Funding for Innovative Firms

Published: Mar. 7, 2026 4:23 a.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Wu Qing, chairman of the China Securities Regulatory Commission, speaks at a press conference during the fourth session of the 14th National People’s Congress in Beijing, March 6, 2026. Photo: VCG

China is preparing to introduce a more accommodating set of listing standards for Shenzhen’s startup-focused ChiNext board, aiming to channel more capital toward innovative companies, the country’s top securities regulator said.

“The overall plan for deepening the reform of the ChiNext board has basically taken shape,” Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at a press conference on Friday during the fourth session of the 14th National People’s Congress.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

China plans to introduce more flexible listing standards for the ChiNext board to attract capital for innovative companies, especially in new consumption and modern services.
The CSRC will implement a pre-review IPO mechanism, improve refinancing options, and encourage long-term investors, following the 2024 Nine-Point Guideline.
Listed companies have paid a record 5.2 trillion yuan ($753 billion) in dividends, and 88 companies were delisted since the new rules.

AI generated, for reference only