SZSE: The fourth set of listing standards establishes higher market value requirements to facilitate the screening of companies with high market recognition.

Mars Finance News: On April 10, the Shenzhen Stock Exchange announced that it is publicly soliciting opinions on the first batch of supporting rules for deepening the GEM (Growth Enterprise Market) reform. The overall setting of the fourth set of listing standards includes a higher market value requirement to help filter out companies with high market recognition. Revenue indicators can measure a company’s level of commercialization; a threshold of 200 million yuan requires companies to have a certain scale, which also aligns with the development pattern of early-stage growth-oriented innovative startups. Among them, the first scenario of the fourth set of listing standards adopts a “projected market value + revenue + revenue compound growth rate” combination, introducing income growth indicators to highlight growth potential, mainly targeting high-quality innovative startups in emerging industries, capable of adapting to their rapid growth and relatively low market value. The second scenario uses a “projected market value + revenue + R&D investment” combination, introducing an innovative R&D investment indicator, mainly targeting high-quality innovative startups in future industries, capable of adapting to their outstanding innovation ability and low starting revenue. After adding the fourth set of standards, the GEM listing standards system covers a broader scope, is more inclusive, and market appeal will be further enhanced. (Shenzhen Stock Exchange official microblog)