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The Pescadero Perspective
news Scmp World 2026-06-18

Shanghai Clarifies IPO Rules for Unprofitable AI Firms Amid US Competition

The Shanghai Stock Exchange has outlined new listing standards for unprofitable AI model developers, aiming to attract capital as Chinese firms race against US counterparts. Unprofitable AI developers can now go public on the Star Market if they anticipate a market cap of at least 4 billion yuan and meet specific market potential criteria.

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