{"id":510432,"date":"2026-03-08T03:33:27","date_gmt":"2026-03-08T03:33:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/510432\/"},"modified":"2026-03-08T03:33:27","modified_gmt":"2026-03-08T03:33:27","slug":"china-pledges-full-support-for-tech-sector-with-broad-range-of-new-policies","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/510432\/","title":{"rendered":"China pledges full support for tech sector with broad range of new policies"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China has outlined a basket of measures to support its technology sector, from creating a more flexible and inclusive fundraising ecosystem to boosting demand for hi-tech products.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cTechnological innovation requires high investment, long cycles, and carries significant risks,\u201d said Wu Qing, chairman of the China Securities Regulatory Commission.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cWe hope all market participants will show greater understanding and tolerance, and work together to create an environment that encourages innovation, rewards success and tolerates failure.\u201d<\/p>\n<p>The reforms to the ChiNext market are designed to further strengthen the board\u2019s ability to support the \u201chigh-quality development\u201d of China\u2019s real economy, including <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3317889\/what-are-chinas-future-industries-and-why-they-matter-global-tech-race?module=most_popular&amp;pgtype=section?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">emerging industries and future industries<\/a>, according to Wu.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The plans \u2013 which Wu said had already been largely finalised \u2013 involve broadening listing standards on ChiNext to make them more inclusive, with the aim of supporting companies in emerging industries, firms with new business models and technologies, as well as innovative enterprises in consumption and modern service industries.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Authorities will also extend key reforms from the Star Market \u2013 another Nasdaq-style technology board \u2013 to ChiNext, including introducing a pre-initial public offering review mechanism for qualified innovative companies, particularly those making breakthroughs in core technologies, according to Wu.<\/p>\n","protected":false},"excerpt":{"rendered":"China has outlined a basket of measures to support its technology sector, from creating a more flexible and&hellip;\n","protected":false},"author":2,"featured_media":510433,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[182,550,28,144,75239,231562,101,32938,164746,9340,4633,13563,231561,174912,17560,75243,37366],"class_list":["post-510432","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ai","tag-beijing","tag-business","tag-china","tag-china-securities-regulatory-commission","tag-chinext","tag-economy","tag-national-development-and-reform-commission","tag-pan-gongsheng","tag-peoples-bank-of-china","tag-shanghai","tag-shenzhen","tag-star-market","tag-two-sessions","tag-wang-wentao","tag-wu-qing","tag-zheng-shanjie"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/510432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=510432"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/510432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/510433"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=510432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=510432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=510432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}