CSRC vice chairman Li Chao told a State Council press briefing that reforms including deeper STAR Market and ChiNext reform and greater refinancing flexibility have cut the average IPO review cycle on Shanghai and Shenzhen to just over six months year-to-date; some high-quality firms have seen refinancing approvals in under one month. He said the CSRC will push further to boost market vitality, enhance institutional inclusiveness, and draw more long-term capital into China’s capital markets to s

CSRC vice chairman Li Chao told a State Council press briefing that reforms including deeper STAR Market and ChiNext reform and greater refinancing flexibility have cut the average IPO review cycle on Shanghai and Shenzhen to just over six months year-to-date; some high-quality firms have seen refinancing approvals in under one month. He said the CSRC will push further to boost market vitality, enhance institutional inclusiveness, and draw more long-term capital into China’s capital markets to support growth of higher-quality productive enterprises.