The Shanghai Stock Exchange's latest guidelines enhance investor suitability management while retaining existing thresholds for individual investors in the Sci-Tech Innovation Growth Layer.
The Shanghai Stock Exchange has officially released new self-regulatory guidelines for the Science and Technology Innovation Board, focusing on investor suitability management. The updated rules maintain the existing asset threshold of 500,000 yuan and two years of investment experience for individual investors. Additionally, investors are required to sign a risk disclosure letter prior to investing in newly registered unprofitable technology companies in the growth layer, ensuring informed risk acceptance.