Shanghai Stock Exchange issues Application Guideline No.10 to its issuance and listing review rules: large-model artificial intelligence companies may adopt the Sci‑Tech Innovation Board (STAR Market) fifth set of listing standards.

Asset Management Association of China (AMAC) said May saw 1,693 newly registered private funds totaling CNY 68.81 bln, including 1,101 private securities investment funds totaling CNY 37.79 bln; 123 private equity funds totaling CNY 8.77 bln; and 469 venture capital funds totaling CNY 22.25 bln. As of end-May, 142,470 private funds were active with combined AUM of CNY 23.53 tln, including 82,759 private securities funds with CNY 7.92 tln AUM; 29,713 private equity funds with CNY 11.37 tln; and 29,335 venture capital funds with CNY 3.98 tln.

NATO Secretary-General RUTTE said the alliance needs more troops, resources and a stronger industrial base.