MA XUEJING/CHINA DAILY
Unitree Robotics, the humanoid robot maker that captivated audiences at the Spring Festival Gala for two straight years, has now seized the spotlight in a new arena: the capital market. On June 1, its initial public offering application won regulatory approval, making it the first humanoid robotics company to debut on the A-share market.
The company's application was passed in just 73 days. While the Chinese regulators have adopted a tighter grip over IPOs, the unexpected speed for this case has demonstrated the greater importance attached to new economic drivers both from the regulators and market participants, said Yang Zhen, chief engineering researcher from Orient Securities.
As a matter of fact, China's new economic drivers' rising importance in the A-share market has been especially noticeable after a set of supportive measures were introduced since Sept 24, 2024. Technology companies, usually with higher price elasticity, have ushered in a price rally ever since, according to Xun Yugen, chief economist of Guosen Securities.
The comparison between STAR Market 50 Index and the SSE 50 Index may best depict the situation, as the former best represents the hard technology sector and the latter monitors the 50 heavyweights trading at Shanghai Stock Exchange's main board, according to Xun.
