The municipal government of Shenzhen plans to encourage more unicorn companies to go public on the city’s stock exchange, including attracting overseas-listed unicorns back to China and helping foreign unicorns list in the country, according to a draft proposal to strengthen market players released on Oct. 22. The southern Chinese tech hub also proposed setting up a system to discover and cultivate more unicorns in biomedicine, semiconductors, robotics, new energy, and other sectors. [Shenzhen government, in Chinese]
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