On September 3 local time, Nasdaq announced that it would propose to modify the listing standards and stated that it is submitting the proposed rules to the US Securities and Exchange Commission for review and will be implemented immediately after approval.

The revised standards include: a minimum public holding market value of US$15 million (currently US$5 million) , which is applicable to new companies listed on Nasdaq based on net profit standards; companies with listing defects and listed securities market value less than US$5 million will accelerate their suspension and delisting processes.

For newly listed companies operating mainly in China, the minimum requirement for raising funds for public issuance is US$25 million.

Compared with the New York Stock Exchange, Nasdaq has always had lower financial requirements for listing and shorter cycles. Its positioning of technology stocks has a significant premium on technology stocks and can give higher valuations to companies such as artificial intelligence, autonomous driving, and new energy. Therefore, it has also attracted many Chinese technology innovation companies that choose to go public in the United States.

It is reported that in 2024, the number of Chinese companies listed on the Nasdaq in the US stock market reached 52, setting a new record high, more than the 29 companies in 2019 at its peak.

In the first half of 2025, the pace of Chinese-funded enterprises going overseas did not stop. According to Wind data, as of June 30, a total of 40 Chinese-funded companies successfully entered the US market in the first half of the year, with a total fundraising of US$871 million, of which 39 companies were listed on the Nasdaq.