AsianFin -- The Shanghai Stock Exchange (SSE) has reported strong momentum in investor participation following recent reforms to its Nasdaq-style STAR Market, with 4.75 million accounts now cleared to trade in the newly established Growth Tier.

Huo Rirong, the exchange’s newly appointed vice chairman, delivered his first public remarks since taking office at the 2025 China Capital Market Development Forum, where he outlined the latest progress on the reforms. He said that since the rollout of the “1+6” reform package in June, all supporting institutional rules have been fully implemented. Among the changes, 32 unprofitable companies were incorporated into the STAR Growth Tier on the very day the rules were announced.

Huo noted that technical system upgrades are being accelerated and remain on track to go live as scheduled. His remarks provided the first official update on the reform’s implementation, highlighting regulators’ determination to expand market inclusiveness and strengthen the STAR Market’s role in backing innovative enterprises.