In a significant policy shift aimed at boosting global investor confidence, China announced plans to create a more efficient and transparent regulatory landscape to support domestic technology companies seeking overseas stock listings.
Speaking at a press briefing on Thursday, Yan Bojin, Chief Risk Officer at the China Securities Regulatory Commission (CSRC), emphasized the importance of building a predictable environment that encourages international market participation by Chinese tech firms. This effort comes amid rising geopolitical friction with the United States and an accelerated national push toward technological independence.
To further protect investor interests, the CSRC also plans to tighten oversight on how companies use raised funds—ensuring they are directed primarily toward business development rather than unrelated ventures.
In a notable development for startups and innovative businesses, the regulator will support initial public offerings (IPOs) for high-potential tech firms, even those not yet profitable, reflecting a broader shift toward nurturing future-facing industries.
Additionally, the CSRC aims to deepen reforms within China’s domestic capital markets, including Shanghai’s STAR Market and Shenzhen’s ChiNext board—both known for housing emerging tech enterprises. The agency also intends to facilitate domestic listings for high-quality red-chip companies—Chinese firms incorporated abroad but operating primarily in China, many of which are currently listed in Hong Kong.
These updates signal China’s commitment to balancing regulatory control with global integration, creating new opportunities for homegrown tech companies to grow and attract international capital.
