China slashes wait times for loss-making tech firms seeking refinancing, fundraising

South China Morning PostEN 1 min read 100% complete by Julie ZhangFebruary 10, 2026 at 04:26 AM

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China's major stock exchanges have announced measures to fast-track fundraising for technology firms facing financial difficulties. The reforms allow listed companies to shorten their wait times for refinancing, cutting the interval from 18 months to as little as six months. This applies to tech firms under unprofitable company rules and those whose shares have broken below IPO prices. Companies can now raise capital via private share placements and convertible bonds, with excess funds channelled into research and development tied to their core business. The reforms aim to streamline refinancing reviews for "quality companies" with strong governance and disclosure records. Beijing's support for quality firms and scientific innovation is signaled by these changes.