AMC XIA refers to the China Securities Regulatory Commission's (CSRC) Special Treatment Measures for the Listing of Innovative Enterprises (Special Treatment Measures), also known as the "AMC XIA" policy. It is a regulatory framework introduced in 2015 to encourage and facilitate the listing of innovative startups on the Chinese stock market. The policy provides several measures, such as:1. Simplified and expedited listing procedures2. Relaxed financial reporting requirements3. Reduced initial public offering (IPO) capital requirements4. Increased weighting towards R&D expenditures and intellectual property (IP) assets in IPO evaluation5. Allowing pre-revenue companies to apply for listingThe "AMC XIA" policy aims to facilitate the growth and development of innovative companies in China's economy, increase their access to capital, and support the government's broader strategy to promote innovation and entrepreneurship. The policy has been credited with contributing to a substantial increase in the number of new listings on Chinese stock exchanges in recent years.