[Insider Responds to 'Unprofitable Companies Unable to List on A-shares': Not Blocking, Just Improving Quality] Reported by Jinse Finance on August 27, according to 21 Finance, recently, market rumors have suggested that IPO applications for unprofitable companies on A-shares have been fully tightened, with Hong Kong stocks also being affected. According to insiders, there is currently no possibility that all unprofitable companies will be unable to list. Both A-shares and Hong Kong stocks will continue to welcome high-quality unprofitable companies. However, the review process for unprofitable companies has become more stringent, requiring companies to have clearer commercial monetization paths and expectations for performance improvement. For companies with persistent losses that show no signs of narrowing, face significant challenges in short-term commercialization, and are not absolute leaders in their niche industries, the IPO review standards will be more rigorous.