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CSRC To Support Key Tech Firm Financing

CHINA PRESS
MNI (Singapore)
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The China Securities Regulatory Commission will give priority to supporting equity and debt financing for companies with key technology breakthroughs, and improve the capital market’s inclusiveness of new industries, new business models, and new technologies, Shanghai Securities News reported citing Zhou Xiaozhou, director of the Comprehensive Department at the CSRC. Tech firms have become the main force in newly listed companies and the market value of strategic emerging industries has increased significantly to exceed 40%, Zhou said.

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The China Securities Regulatory Commission will give priority to supporting equity and debt financing for companies with key technology breakthroughs, and improve the capital market’s inclusiveness of new industries, new business models, and new technologies, Shanghai Securities News reported citing Zhou Xiaozhou, director of the Comprehensive Department at the CSRC. Tech firms have become the main force in newly listed companies and the market value of strategic emerging industries has increased significantly to exceed 40%, Zhou said.