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 cover

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.