Core Points - Nasdaq has announced significant changes to its listing standards, aimed at enhancing market quality and investor protection [1][3] - The minimum public float market value for new companies seeking to list based on net profit criteria will increase to $15 million from the current $5 million [1] - For companies with a market value below $5 million and listing deficiencies, Nasdaq will expedite delisting processes to ensure overall market health [1] Group 1 - Nasdaq has raised the minimum fundraising requirement for new listings primarily operating in China to $25 million, reflecting a stringent selection standard [3] - In 2024, a record 52 Chinese companies listed on Nasdaq, surpassing the previous high of 29 in 2019, indicating strong interest in the U.S. market [3] - As of June 30, 2025, 40 Chinese companies successfully entered the U.S. market, raising a total of $871 million, with 39 choosing to list on Nasdaq [3] Group 2 - The adjustments in Nasdaq's listing standards may pose challenges for small and medium-sized enterprises, including those Chinese firms that previously met listing criteria [5] - Earlier this year, Nasdaq implemented what has been described as the "most stringent rule changes in 20 years," approved by the SEC, which raised IPO thresholds [5] - The new rules require all companies seeking to list in the U.S. to meet stricter non-restricted public float market value standards, emphasizing the need for real liquidity [5]