(Yicai Global) March 1 -- Chinese regulators may introduce a fast-track public listing scheme for unicorn companies in the biotechnology, cloud computing, artificial intelligence and high-end manufacturing sectors, industry insiders have told Yicai Global.

China Securities Regulatory Commission's share issuance department reportedly told brokerages that businesses in the four above-mentioned sectors could be eligible for faster regulatory reviews of IPO applications, and profitability requirements may be relaxed.

Insiders likened the possible scheme to the treatment of Foxconn Industrial Internet Co., a unit of Hon Hai Precision Industry Co., the world's largest contract electronics maker, during its efforts to list in mainland China.

The firm was allowed to submit its application despite not having already accrued three years of sustainable operations. Foxconn indicated clearly in its prospectus that it applied for exemption to the authorities with respect to this.

Foxconn submitted its IPO application initially on Feb. 1, before reaching 'pre-disclosure updated' status on Feb. 22. It typically takes a company seven to eight months to move from a 'pre-disclosure' status to a 'pre-disclosure updated' status, which is largely the time a company needs to wait in the IPO queue, an investment banker said, adding that Foxconn Industrial Internet did it in just two weeks, which also included the Spring Festival holiday.