It has been 100 days since the new round of ChiNext reform was deepened. The first batch of supporting rules have been implemented, and eight companies have applied using the fourth listing standard, which does not require profitability. On April 10 this year, the China Securities Regulatory Commission issued reform guidelines. Two weeks later, the Shenzhen Stock Exchange officially released supporting documents including listing rules and trading rules, introducing the fourth listing standard and establishing a pre-review mechanism for IPOs. To date, ChiNext has accepted applications from eight companies using the fourth standard, including Leju Intelligent, Tengden Technology, and Cloud Leopard Intelligence, covering fields such as humanoid robots, drones, and artificial intelligence. Since the reform, 46 ChiNext companies have launched refinancing plans, 11 have launched major asset restructuring plans, and 101 have launched equity incentive plans. Xinwei Communication's 6 billion yuan private placement became the first such case to land in the entire market. The Shenzhen Stock Exchange stated it will prioritize quality, strictly control reviews, while holding intermediaries accountable and strengthening whole-process supervision.
ChiNext reform introduces fourth listing standard without profitability requirement, benefiting Leju Intelligent as one of the first eight companies to apply using this standard
云豹智能Private▲ Positive
Regulationrelevance
ChiNext reform introduces fourth listing standard without profitability requirement, benefiting Cloud Leopard Intelligence as one of the first eight companies to apply using this standard
腾盾科创Private▲ Positive
Regulationrelevance
ChiNext reform introduces fourth listing standard without profitability requirement, benefiting Tengden Technology as one of the first eight companies to apply using this standard
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