Key Reform for ChiNext: Fourth Standard Emerges, Which High-Quality Innovative Businesses Will Benefit?

It is anticipated that by the end of April, ChiNext may see companies applying for listing under the fourth standard, with the initial stage focusing on the first two standards. Notably, it is highlighted that companies not yet profitable will not see a substantial increase in the number of applications. ChiNext is undergoing a pivotal reform with the introduction of the fourth standard. On April 10th, following the State Council’s approval, the China Securities Regulatory Commission officially released the “Opinions on Deepening the Reform of ChiNext to Better Serve the Development of New Productivity” (referred to as ‘ChiNext Opinions’), introducing…