Faster IPO approvals for unicorns

CSRC plans more steps to attract listings from innovative firms

The securities regulator has reportedly accelerated the approval of initial public offerings for technology and innovative companies in hopes of retaining future technological giants in the home market.

The regulator has shortened the IPO approval period for companies in four areas: biochemistry, cloud computing, artificial intelligence and advanced manufacturing, said Tencent Finance, the business media outlet affiliated with technology company Tencent Holdings Ltd, in a report on Wednesday, citing people with the knowledge of the matter.