CSRC Shanghai bureau deputy director Zhao Guofu said at a June 12 Shanghai
briefing that the STAR Market’s Sci‑Tech Growth tier has been established
smoothly and is serving as a key platform to support tech innovation. The first
newly registered Growth‑tier companies listed in October 2025. To date the tier
has incorporated 32 existing unprofitable firms and added eight newly listed
loss‑making companies. Growth‑tier companies’ aggregate revenue rose 37% in
2025; six firms exited the tier after reporting first‑time profitability.