The Shanghai Stock Exchange issued the "Shanghai Market Initial Public Offering of Stocks Offline Implementation Rules (Revised in 2024) "

On August 16, the Shanghai Stock Exchange issued the "Shanghai Market Initial Public Offering Offshore Offering Implementation Rules (2024 Revision) ". This revision mainly requires investors to participate in the offline issuance business of the Science and Technology Innovation Board, and increases the requirement to hold the market value of the Science and Technology Innovation Board. From October 1, 2024, in addition to meeting the current market value threshold requirements, the lead underwriter shall also require that the average daily market value of the total market value of the non-restricted class A share shares and non-restricted depositary receipts held on the Science and Technology Innovation Board in the 20 trading days before the benchmark date (two trading days before the start of the preliminary inquiry) is 6 million yuan (inclusive) or more.