On June 18, CoinWorld reported that Wu Qing, Chairman of the China Securities Regulatory Commission, stated at the 2025 Lujiazui Forum that going public is a starting point, not an endpoint; financing is a tool, not a purpose. The CSRC will adhere to a goal-oriented and problem-oriented approach, continuously improving the regulatory framework for the entire chain of listed companies. The CSRC will introduce further policy measures to deepen the reforms of the Sci-Tech Innovation Board with the '1+6' policy package. This includes establishing a growth tier for the Sci-Tech Innovation Board; restarting the fifth set of listing standards for unprofitable companies applicable to the Sci-Tech Innovation Board; trialing the introduction of experienced professional institutional investors for companies listed under the fifth set of standards; piloting a pre-review mechanism for IPOs aimed at high-quality technology enterprises; and expanding the scope of application for the fifth set of standards, among other measures. The CSRC will further strengthen the advantages of stock-bond linkage to serve technological innovation, vigorously develop Sci-Tech Innovation bonds, optimize issuance and trading system arrangements, promote the improvement of interest subsidy guarantee matching mechanisms, accelerate the launch of Sci-Tech Innovation bond ETFs, and actively develop exchangeable bonds, convertible bonds, and other stock-bond hybrid products.

#ETF