Shanghai Stock Exchange Broadens Star Market Listing Rules for Unprofitable AI Firms on June 18

According to South China Morning Post, on June 18, Shanghai Stock Exchange broadened listing rules for the Star Market, allowing unprofitable large language model developers to apply for listings. Qualifying companies must be expected to reach a market value of at least 4 billion yuan (US$591 million), operate at least one LLM product at scale, and have clear commercialization plans.

The exchange also amended Star Market rules on June 17 for quantum technology, biomedicine, hydrogen, nuclear fusion, brain-computer interfaces, robotics, and sixth-generation mobile communications (6G), supporting AI and other strategic sectors through more flexible listing standards.