CSRC Shanghai Regulatory Bureau deputy director Zhao Guofu said on June 12 that
in the year since the '1+6' STAR Market reform package the market has accepted
59 new IPO filings, a sharp year-on-year rise. Twenty-four of the filings are
unprofitable companies, accounting for over 40%. Regulators have steadily
resumed applying the fifth set of listing standards to unprofitable firms and
have accepted nine new filings under that standard. Guidance was also issued
extending the fifth-standard coverage to commercial rocket firms.
