Shenzhen Stock Exchange (SZSE): Listing Requirements and IPO Guide

Headquarters

Shenzhen, China

Region

Asia-Pacific

Market Focus

Growth & Private Enterprise

Overview

The Shenzhen Stock Exchange was founded in 1990 and is closely linked with China's private sector and the technology economy of the Pearl River Delta. Its main board absorbed its former SME board in 2021.

ChiNext, launched in 2009, is its board for innovative and growth companies, and moved to registration-based IPOs in 2020.

Known For

Private manufacturing, consumer and technology companies
ChiNext for growth and innovation companies
Electronics, electric vehicle and battery supply chains
Stock Connect access from Hong Kong

Listing Considerations

The China Securities Regulatory Commission oversees listings
ChiNext suits growth companies that meet its innovation criteria
Foreign investors access shares through Stock Connect and qualified investor schemes
Valuations and listing timelines can be shaped by domestic policy

Key Facts

Founded

1990

Operator

Shenzhen Stock Exchange

Regulator

China Securities Regulatory Commission (CSRC)

Main Index

SZSE Component Index, ChiNext Index

Currency

Chinese yuan (CNY)

Trading Hours

9:30 – 11:30 a.m. and 1:00 – 3:00 p.m. China time

Market Segments

Main Board, ChiNext

Official website →

Listing Requirements

Main Board: profit-based standards in line with Shanghai's, raised in 2024
ChiNext: standards for growth companies based on profit, or on market capitalisation with revenue
Shares held by the public of at least 25%, or 10% if total share capital exceeds RMB 400 million
Registration-based IPOs, with CSRC registration
Issuers must fit the board's positioning, such as innovation and growth for ChiNext

Summary of SZSE listing structure under China's registration-based IPO system, checked November 2026. Exact financial thresholds are set in the SZSE listing rules.

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