According to Wang Jianjun, general manager of the Shenzhen Stock Exchange, China's stock issuance and listing system will undergo major reforms this year, which will clear the obstacles for the development of new economic enterprises, including of the "unicorn enterprises". Some rules, including the creation of new tools, are currently being adjusted; this will clear the institutional obstacles that cause the enterprises to be unable to be listed in China. The system is still in the process of being formulated and will soon be announced to the market.