China's AI-Related Stocks Rise After Securities Regulator Supports More AI IPOs
By Sherry Qin
China's AI-related stocks rose broadly after the country's top securities regulator said it would implement reforms to support more listings from artificial-intelligence companies.
Shares of Moore Threads gained 3.9%, MetaX rose 4.87% and Cambricon Technology jumped 13% at midday Thursday.
China's Nasdaq-like ChiNext Price Index hit a fresh record high before paring gains to 1.4% at midday.
Wu Qing, chairman of the China Securities Regulatory Commission, said at Shanghai's Lujiazui forum on Wednesday that reforms would target the tech-heavy Science and Technology Innovation Board in Shanghai and the ChiNext Board for fast-growing startups in Shenzhen.
The regulator intends to ease listing rules for developers of AI large language model developers and support more "hard-tech" companies including those in quantum technology, bio-manufacturing, and embodied intelligence to list on the STAR Board, Wu said.
Companies in the new consumption and modern services sectors on the ChiNext Board will also be given increased support, Wu said.
He also encouraged eligible Hong Kong-traded companies to dual-list in China.
The latest policies come as China pushes for tech self-sufficiency, seeking to drive economic growth with "new productive forces," a term which refers to homegrown technological innovations such as advanced manufacturing, AI, and biotech.
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
June 18, 2026 01:39 ET (05:39 GMT)
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