Promising startups to get backing for listing

Direct financing channels will be expanded for business startups, including those with great development potential but yet to earn profits which will be supported in going public, according to a State Council guideline released on Wednesday.

The guideline was adopted last week by the central government and released on Wednesday to upgrade China's campaign of promoting entrepreneurship and business startups.

According to the document, eligible technological startups will be supported in their listing on the National Equities Exchange and Quotations and regional equity markets.