China to support IPOs by ‘future industry’ startups, large model companies
China took fresh steps on Wednesday to fund tech innovation amid an intensifying rivalry with the U.S., saying it would support listings of startups in “future industries” like quantum technology, nuclear fusion and brain-computer interfaces.
The Shanghai Stock Exchange also published rules to facilitate public share sales by large-model companies on the STAR Market as part of its efforts to promote Chinese artificial intelligence.
The announcements came after China’s top securities regulator vowed to “actively embrace” a new phase of technological revolution and industrial upgrades.
