Cheng Hehong, Chief Lawyer of the China Securities Regulatory Commission: Stronger support for high-quality non-profit technology companies to go public, actively and prudently promote the landing of new cases of the fifth set of listing standards on the Science and Technology Innovation Board.

Cheng Hehong, chief lawyer of the China Securities Regulatory Commission, delivered a keynote speech at the Tianjin Wudao Financial Forum on June 5, 2025, stating that the next step is to deepen the reform of the stock issuance registration system. It will adhere to the core of information disclosure, base it on the inspection and supervision by market intermediaries, and guarantee strict supervision and accountability. It will continue to promote the reform of the issuance and listing system of the Science and Technology Innovation Board and the Growth Enterprise Market, further enhance the inclusiveness and adaptability of the system. It will provide greater support for high-quality non-profit technology companies to go public, actively and steadily promote the implementation of new cases of the fifth set of listing standards for the Science and Technology Innovation Board. It will adhere to the differentiated development and complementary functions of the Science and Technology Innovation Board, Growth Enterprise Market, and the Beijing Stock Exchange, further optimize the differentiated arrangements, better coordinate the diverse functions of each sector to support technology companies, and strive to cover the different financing needs of technology companies of different types and development stages.