On March 6, China Securities Regulatory Commission (CSRC) Chairman Wu Qing announced at an economic-themed press conference during the Fourth Session of the 14th National People's Congress that reforms for the ChiNext board will incorporate successful practices from the STAR Market. Key measures include implementing pre-IPO reviews for qualified high-quality innovative companies listed on the ChiNext board, particularly those achieving breakthroughs in core technologies. Eligible firms undergoing review will be permitted to raise capital through share expansions targeting existing shareholders, while mechanisms for new share pricing will also be optimized.
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