On September 3, 2025, NASDAQ submitted proposals regarding raising IPO standards, accelerating delisting procedures, and amendments specifically targeting Chinese companies listed in the US.

Several new Nasdaq rules are currently taking effect in batches, including a key revision concerning liquidity requirements for newly listed companies that will take effect on April 11, 2025; and another, stricter rule that raises the IPO threshold and accelerates delisting.

Listing Requirements of The Stock Exchange of Hong Kong Limited

The Stock Exchange of Hong Kong Ltd. main board requires meeting one of three financial standards, including having a three-year operating record, while the requirements for the GEM board are slightly lower; there are public shareholding ratio requirements, and special companies have corresponding listing rules.

A Comparison of Listing Sectors on the Shenzhen Stock Exchange and the Shanghai Stock Exchange

A comparison of listing on the Shenzhen Stock Exchange and the Shanghai Stock Exchange, covering aspects such as the listing entity's eligibility, independence, standardized operation, finance and accounting, use of raised funds, share capital and public offering ratio, shareholder commitments, and information disclosure.

Listing Criteria for the STAR Market

To be listed on the Science and Technology Innovation Board, a company must have been in continuous operation for more than 3 years, meet the requirements for science and technology innovation attributes, have a share capital of no less than 30 million yuan after issuance, meet one of the relevant financial indicators for market capitalization matching, and be compliant with regulations and free from major violations.