As Anthropic and OpenAI head towards Wall Street IPOs, China is building its own AI Nasdaq

As the United States market processes SpaceX’s initial public offering and gears up for forthcoming listings from Anthropic and OpenAI, China is making one thing clear: its own AI firms will not miss the boat.

To that end, the Shanghai Stock Exchange (SSE) yesterday released draft guidance for AI firms to list on the tech-focused Star market. It stipulates that companies must have already deployed at least one large-scale AI model and meet the most lenient set of standards for sci-tech firms to list. As the guidance is in draft form, the SSE is soliciting comments from market actors and the public before finalising rules for AI model companies’ market participation.

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