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Shanghai Stock Exchange: Clarifies that enterprises with large artificial intelligence models are applicable to the fifth set of listing standards for the Sci-Tech Innovation Board

The Shanghai Stock Exchange officially released the "Guidelines for the Application of the Shanghai Stock Exchange Issuance and Listing Review Rules No. 10 - Applicable to AI Large Model Enterprises under the Fifth Set of Listing Standards for the Sci-Tech Innovation Board," aimed at leveraging the role of the capital market to support the development of AI large model enterprises in China that are in a critical period of large-scale commercialization.The "Guidelines" combine the actual situation of technological innovation in the field of AI large models and clarify the specific requirements for applying the Fifth Set of Listing Standards for the Sci-Tech Innovation Board:Definition of Main Business: The issuer's main business must be clearly defined as "independent research and development of AI large models, model services, or model applications," while simultaneously supporting both general large models and industry-specific models.Requirements for Stage Achievements: When applying, enterprises must meet the condition of "at least one large model product has been launched and achieved large-scale application" as a standard to verify the feasibility of their product business model and commercialization capability.The Shanghai Stock Exchange stated that the next step will be to actively and steadily promote the issuance and listing of AI large model enterprises that meet this standard on the Sci-Tech Innovation Board under the guidance of the China Securities Regulatory Commission, to provide greater support for the development of technology-based enterprises that break through key core technologies.

Gate stocks launch Hong Kong stock trading feature, covering over 1,000 Hong Kong-listed stocks in the first phase

Gate stocks officially launch the Hong Kong stock trading feature, further expanding global diversified asset allocation capabilities. After users upgrade the Gate App to version v8.23.5 or above, they can participate in stock trading listed on the Hong Kong Stock Exchange (HKEX) through the Gate platform.This initial launch includes over 1,000 Hong Kong stock targets, covering multiple core industries such as technology and internet, finance, new energy, telecommunications, consumer goods, and biomedicine, including highly regarded representative companies like Tencent Holdings, HSBC Holdings, Xiaomi Group, Meituan, BYD Company, and China Mobile. Hong Kong stocks share the same stock account system as U.S. stocks, supporting trading, position management, profit and loss inquiries, and historical record viewing, providing users with a unified and efficient trading experience.In addition, only intraday trading is supported, with no pre-market or after-hours trading services provided. Prices, profit and loss, and position market values are displayed in Hong Kong dollars (HKD), and trading fees are calculated based on real-time exchange rates. The launch of Hong Kong stock products further enriches the global stock product matrix of Gate stocks, providing users with a more convenient one-stop cross-market investment channel.
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