The "1+6" reform measures of the Science and Technology Innovation Board are accelerating their implementation, and the IPO application guidelines for commercial rocket companies have been released.

The Shanghai Stock Exchange has issued the "Guidelines for the Application of the Shanghai Stock Exchange's Issuance and Listing Review Rules for Commercial Rocket Companies Applying the Fifth Set of Listing Standards on the Science and Technology Innovation Board", supporting commercial rocket companies that are currently in a crucial stage of large-scale commercialization to land on the Science and Technology Innovation Board using the fifth set of listing standards. This is another achievement of the "1+6" reform measures of the Science and Technology Innovation Board. The "Guidelines" clearly specify the phased achievement requirements for companies applying the fifth set of listing standards on the Science and Technology Innovation Board as: "at least achieving the successful launch of medium and large-scale reusable technology-based carrier rockets carrying payloads for the first time in orbit at the time of application." Analysts point out that this milestone in the "Guidelines" fully aligns with the technological development stage of China's commercial rocket companies. On December 3 and December 23, Blue Arrow Aerospace Zhuque-3 and Aerospace Science and Technology Long March-12A reusable rockets were successfully launched into orbit. It is understood that companies like Tianbing Technology Tianlong-3, Xinghe Power Zhishenxing-1, Interstellar Glory Shuangquxian-3, and CAS Aerospace Power Rocket-2 have all listed reusable technology as a core development goal.