The Shenzhen Stock Exchange stated in its 2026 New Year address that in 2025, the Shenzhen Stock Exchange will officially launch the third set of GEM listing standards to study and deepen GEM reform, promote high-quality expansion of the bond market, and enhance the inclusiveness and adaptability of the system. There were 48 IPOs throughout the year, of which 87.5% were strategic emerging industries. Since the release of the “Six Rules of Mergers and Acquisitions”, 154 new major asset restructuring orders have been planned, an increase of 77% over the previous year, and acquisitions of new quality productivity targets account for nearly 70%. The annual stock financing amount was 148.5 billion yuan, bond financing was 2.98 trillion yuan, and 6 new REITs were listed, which further supported the innovation and development of physical enterprises.

The Shenzhen Stock Exchange stated in its 2026 New Year address that in 2025, the Shenzhen Stock Exchange will officially launch the third set of GEM listing standards to study and deepen GEM reform, promote high-quality expansion of the bond market, and enhance the inclusiveness and adaptability of the system. There were 48 IPOs throughout the year, of which 87.5% were strategic emerging industries. Since the release of the “Six Rules of Mergers and Acquisitions”, 154 new major asset restructuring orders have been planned, an increase of 77% over the previous year, and acquisitions of new quality productivity targets account for nearly 70%. The annual stock financing amount was 148.5 billion yuan, bond financing was 2.98 trillion yuan, and 6 new REITs were listed, which further supported the innovation and development of physical enterprises.