The three major exchanges in Shanghai and Shenzhen have a total of 315 companies under review. The Science and Technology Innovation Board, the Growth Enterprise Market, and the Beijing Stock Exchange have become the main battleground.

The latest data shows that as of February 8, 2026, there are a total of 315 companies in the three major stock exchanges in Shanghai, Shenzhen, and Beijing that are under review for listing. Among them, there are 60 companies in the Shanghai Stock Exchange, 55 companies in the Shenzhen Stock Exchange, and 200 companies in the Beijing Stock Exchange. In 2026, 4 companies have been announced to have terminated their listing review, with 3 from the Shanghai Stock Exchange and 1 from the Shenzhen Stock Exchange's SME board. In the year, 3 companies listed on the main board of the Shanghai Stock Exchange completed their IPOs, raising a total of 5.714 billion yuan; 2 companies on the Sci-tech Innovation Board completed their IPOs, raising a total of 2.559 billion yuan, with another 2 companies in the issuance stage; 1 company on the main board of the Shenzhen Stock Exchange completed their IPO, raising 646 million yuan; there were no IPO companies on the Shenzhen Stock Exchange's SME board that completed their listing, with another company in the issuance stage. Five IPO companies on the Beijing Stock Exchange completed their listing, raising a total of 1.778 billion yuan, with another 3 companies in the issuance stage.