Photo taken on July 22, 2019 shows the debut ceremony of China's sci-tech innovation board (STAR market) at the Shanghai Stock Exchange in Shanghai, east China.
BEIJING, Jan. 5 (Xinhua) -- China Securities Regulatory Commission (CSRC) released recently the revised trial sci-tech properties appraisal guidance to support and encourage hard technology companies to go public on the sci-tech innovation board, better known as STAR market, reported Xinhua Finance.
CSRC added in the amended guidance provisions that exempt qualified overseas listed red chip companies from meeting the related business income requirements when applying for listing on the STAR market by adopting the fifth set of listing standards.
CSRC also changed the "more than five invention patents that form major business income" in the guidance to "more than five invention patents applied in major business" and "a total of more than 50 invention patents including national defense patents that form core technology and major business income" to "a total of more than 50 invention patents including national defense patents that form core technology and apply to major business".
CSRC also adjusted the references to certain provisions in the guidance. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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