China to support IPOs by 'future industry' startups, large model companies

China is implementing measures to support IPOs for startups within future industries, specifically targeting AI and large model companies. This initiative extends to the quantum sector as part of a broader push for tech self-reliance. While these moves are intended to boost domestic investment, they also introduce potential regulatory and valuation risks. The strategy focuses on empowering high-tech enterprises to access public markets, thereby accelerating the development of critical domestic technological capabilities.