Rumors are circulating that China’s securities regulator will open a fast channel for so-called unicorn startup companies to go public, The Paper reported.

It is reported that unicorn firms in the sectors of biotechnology, cloud computing, artificial intelligence and high-end manufacturing whose market capitalization reaches a certain size, will be given priority for Initial Public Offerings, with a shorter review period and lower standards of profitability.

An insider from an investment bank said though it is not confirmed whether there will be such “special channel” for unicorns, the regulator did convey a guidance listing three methods to help boost the development of China’s new economy.

First, to support large-scale enterprises with a strategic value that have been listed overseas, to issue securities in the domestic market.

Second, to support private unicorn enterprises with a market value of over US$10 billion — which have already built the VIE architecture — to go public in the A-share market.

And third, to support enterprises in the previously listed four new economic sectors to list their A shares as soon as possible.