China May Restart Allowing Unprofitable Tech Firms to List, Sources Say

China is likely to restart allowing unprofitable tech companies to list on Shanghai’s STAR Market, sources with knowledge of the matter said, showing intensified financing support for technology innovations.

The Shanghai Stock Exchange has recently told several intermediary institutions that it particularly supports the listing of high-tech firms, multiple sources from investment banks and private equity firms told Caixin. It’s clear that regulators are paving the way for reopening the IPO channel to money-losing tech companies, they said.